PARLAY - Decentralized Prediction Game Platform Powered By Public.
Hello to all readers of my blog. Today I would like to present to your attention an overview of another very promising campaign. Go.
WHAT IS PARLAY?
Parlay is a project to pursue scalable blockchain solution that has PrimeNodes to minimize blockchain network delay and user-friendly masternode. Moreover, Parlay is an eventdriven cryptocurrency which provides decentralized prediction game platform, operated by public community. Proof of Stake for consensus algorithm in order to increase and secure scalability of blockchain network. Parlay Chain embeds auto-scaling nodes which has unique node management system to stabilize the mainnet.
Cryptocurrencies with masternode feature highly depends on the investor who operates masternode for community. However, managing masternode has always been challenging for non-programmers and investors hurdle from configuring their masternodes. This is the critical reason why we have decided to build user-friendly ecosystem in masternode configurations. For instance, Parlay team focuses on user experience and easy management system for running a masternode. More information about the configuration methods will be presented at PrimeNodes section.
We adopt incentive rewards to promote the network service (PrimeNodes) and to secure the network (PoS wallet). Community rewards advocate parlay proposals and voting systems to develop the fastest growing blockchain ecosystems.
SECURED SCALABILITY
Blockchain network delay and Blockbuster attack
Since Bitcoin appeared in 2008, numerous cryptocurrencies have been developed and launched with each own features. The features include technical, business-service model, ecosystem, and protocol based platform.
Blockchain Transaction Monitoring System
Basically, blockchain monitoring system tracks and reports all incoming transactions from blockchain nodes. Nodes continuously broadcast generated transactions to peer nodes.
Blockchain Auto-scaling System
The monitoring system acknowledges the amount of transactions in nodes’ memory pool, the system sends RPC call to each preliminary PrimeNodes when network delay is predicted. Based on the congestion level of monitoring system, the number of preliminary PrimeNodes will be flexibly chosen to be operated.
PARLAY SERVICE PRIME NODES
User-friendly Masternode Service (Prime Service). Running a masternode has always been challenging burden for non-programmers. It is time consuming task to understand the system and to configure the masternode even for the developers. To solve such issue, Parlay team will provide Prime Service to help users to setup masternode at relatively ease. Based on the experience and operation in blockchain technology, Parlay team explored that userfriendliness is the key to the service. In general, innumerable masternode blockchain systems only provide developer-friendly masternode guide. In consequences, many investors give up running masternode and lose their potential returns.
Blockchain network needs community backed up in order to maintain its stability and value of the network. Developer-friendly masternode could narrow down the target of users and reduce the size of community. Therefore, Parlay team determined to develop user-friendly PrimeNodes setup to maintain its community. Prime Service is a simple solution that automates masternode setup. It does not include any challenging engineering works, but its highly effective enough to gather users who have hesitated to operate masternode.
The Prime Service is based on Docker. Docker is an open source program that allows developers to package all the dependencies for software. Synchronization between docker and blockchain technology provides highly effective method to operate PrimeNode. Docker creates virtual space in VPS and provides a container which includes all the requirements of Parlay Chain. Since, the Prime Service simplifies setting up the PrimeNodes by minimizing steps, the users can easily operate and manage their masternode.
Parlay.Live
Parlay.Live is decentralized prediction game platform, operated by public community.
Proposal on Parlay.Live should contain the following items:
PARLAY CHAIN SPECIFICATION
Parlay’s PoS consensus algorithm enables every stakeholder to participate in the validation of transactions on the network. To promote the stable and secure network growth, we assigned more incentives to PrimeNodes holder. Each Parlay PoS block reward is split to 60% assigned to PrimeNodes and 40% assigned to staking nodes.
ROADMAP
For more information, please visit the following website:
Author: Feryperrot
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1779284
My Parlay wallet: PUfcGyyP1Urroc1ovBUiLpmunqJSt1ZPKr
