Pchain is a blockchain platform that aims to address the scalability issues faced by existing blockchain solutions. It utilizes a multi-chain architecture, wherein each chain on the platform can operate independently while also being connected to the main chain. This design allows for increased transaction throughput and parallel processing, thereby improving scalability.
Pchain incorporates a unique consensus mechanism known as PDBFT (Pipeline Delegated Byzantine Fault Tolerance), which aims to ensure high performance and fault tolerance within the network. PDBFT combines the strengths of both the traditional Delegated Byzantine Fault Tolerance (DBFT) and the Pipelined Byzantine Fault Tolerance (PBFT) consensus algorithms.
The platform is built for supporting both public and private chains, allowing for flexibility and privacy depending on the specific use case. Pchain also emphasizes the interoperability of different blockchain networks, aiming to provide seamless communication and data exchange across different chains.
During its initial coin offering (ICO) in 2018, Pchain raised funds by selling its native cryptocurrency, the Pchain token (PAI). It is used as a medium of exchange within the network, as well as for staking and participating in the consensus process. PAI tokens also provide holders with the ability to deploy and operate smart contracts on the Pchain platform.
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