Type: Protocol
❓ Is this the blockchain that will break free of scalability issues and create a unified blockchain ecosystem?
🔍 Let’s take a look:
We currently have about 13 transactions per second with Ethereum vs. Facebook having 175’000 tx per seconds. And that is just one app. A major issue if you want to be THE platform for dApps (decentralized apps).
Not with PChain. They are able to increase the number of transactions linearly as the amount of side chains increases.
What does this mean? They won’t run into the same problem as Ethereum as their transactions per seconds is not fixed. Quite a big deal.
💪 What other amazing features does PChain have?
Non-Native Token Usage. YES you can use PChain using other chains like BTC or ETH etc.
1⃣ In built value increase of the coin. While you can use other chains, all transactions are still settled in PCH
2⃣ First EVER multi-blockchain that supports EVM (Ethereum Virtual Machine)
3⃣ Fantastic team with it’s rockstar CEO Feng Cao (co-founder of ChinaLedger, created 1st blockchain based assets earning rights transfer in the world in September 2016 and more!!)
4⃣ Already in the talks with several big projects to build on PChain
5⃣ It has a BIG bunch of partners including businesses like ChinaLedger, Word Wide Web Consortium (W3C), and Harvard Innovation Lab, as well as a government partner (China Federation of Logistics and Purchasing)
6⃣ Uses the new Oracle mechanism based on the knowledge graph that makes it easier to enclose smart contracts. Oracles are helping to connect the smart contracts in to the real world
🚀 Clues for:
- First things first: It’s the FIRST multi-chain blockchain that supports EVM.
- Beautifully detailed white paper. From the white paper it becomes obvious that the PChain team knows their business as well as their all-star CEO.
- On top of that, the team is also already looking forward and providing services such as products or technical solutions to dApps. This way the odds of adopting are higher since the possible future problems are already being solved.
- Solid partners including government ties. Who needs advisors with these kind of partners?
🚩 Clues against:
- Huge hard cap to fill in a bad market.
- Development is still at a relatively early stage. The testing won’t start until Q4/2018.
- MVP was expected by April but is still conspicuously absent.
- Industry is booming and therefore there’s a lot of competitors roaming in the same field. Here’s hoping that PChain is unique enough to find it’s own spot in the sun.
- Undecided future of cryptocurrencies in China.
👆 The case has been solved!
Blockchain infrastructure projects tend to do really well in the market and PChain does look promising as it’s answering to a bunch of concerns of the blockchain. Should it overcome the competition, we see no reason why it couldn’t be on of the top cryptos of the future.
📈 RATING: 80/100
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