PCHAIN.org was founded by a team that has reportedly published 100 IEEE ACM papers and international patents. PCHAIN claims to have been granted 6 patents. As of 1 Apr 2019, the PCHAIN team is based in Singapore, Shanghai, State of Qatar & Silicon Valley. It has 70K+ followers in Bihu (a Chinese social platform ) and 60K+ followers in Telegram from nearly one hundred countries.
PCHAIN has reportedly received strategic investments from global funds such as FBG, Plug&Play, LD Capital, JRR, Genesis, Bixin and LinkVC,etc. PCHAIN also received the Silicon Valley’s“Most Promising Blockchain Foundation Platform 2018”award and was hailed as the“Best Blockchain Platform in 2018” by Bitcoinist. PCHAIN has board collaboration with over 30 blockchain partners such as North America Blockchain Association, IEEE, CFLP, etc.
PCHAIN.org is the first native multichain system in the world that supports Ethereum Virtual Machine (EVM), which consists of one main chain and multiple derived chains.
Consensus with the patented PDBFT algorithm
PCHAIN.org The patented PDBFT algorithm greatly reduced communication cost from N^2 to N comparing with traditional BFT algorithm. It can effectively reduce the centralization problem as the number of nodes is limited.
Smart contracts based on Smart Data and cross chain
PCHAIN.org Smart Data is a new initiative of PCHAIN, which is new oracle mechanism to void the knowledge limitation in smart contract. And the smart contracts of PCHAIN can be easily invoked with other nonnative Tokens (BCH, ERC20) by using the provided toolkit.
Dynamic Bidding and Safe Delegation
PCHAIN.org Dynamic Bidding and Safe Delegation enable the validator election more fair and secured in epoch switch
Key features include:
Native EVM multichain that enables the interoperability of child chain and main chain. It can reportedly support 256+ child chains in testnet 1.0 with 1064 nodes globally. The project claims that the network supports 126K TPS and can be scaled linearly as the number of child chains increases.
Patented PDBFT algorithm that combines VRF+BLS+BFT is reportedly able to support more nodes than traditional PBFT algorithms.
Oracle mechanism based on the knowledge graph reportedly makes it easier to encapsulate smart contracts – W3C compliant smart data addresses the issue of non-intelligence in smart contracts
Safe Delegation and Blind Bidding that reportedly enables a fair and secure validator election during epoch switches.
Cross-chain capability. The smart contracts of PCHAIN can purportedly be invoked with other non-native tokens (BCH, ERC20) by using the provided toolkit.
PCHAIN.org The official token swap from ERC 20 to native PI has finished on March 31st 2020!There are two methods to complete the token swap: Exchange Swap and PIwallet Swap Currently, 4 exchanges (Bibox, Gate.io, Bithumb, Upbit) support native PI, the other exchange（Bittrex Global）still support the ERC 20 PI. Thus, if your ERC 20 PI tokens are in the exchange, then you need to withdraw all the ERC 20 PI first.
If your ERC 20 PI tokens are in the ERC 20 wallet, e.g. MEW, Imtoken or cold wallet, please make sure that you keep its private key and/or keystore file well before token swap via PIwallet. If not, then you have to transfer the ERC 20 PI tokens to new ERC 20 address which can be created on PIwallet.
PCHAIN.org You need to vote for the validator. If succeed, then you can get reward in next epoch. If you are the nun-tech people, you can delegate token to candidate. Once the candidate you delegated to vote for the validator successfully, then you can share the reward as well in next epoch.
PCHAIN.org delegated in current epoch, you can get reward when new epoch starts once the candidate vote for the next epoch validator successfully. If you delegated in last epoch, it means the candidate failed in voting for the validator. So you won’t get rewards.The reward you received in each epoch will be unlocked automatically in 12 epochs.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.