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Decentralized Autonomous Organization — The ParaState DAO Business Model
The DAO, or Decentralized Autonomous Organization, happens to be one of the most innovative blockchain-based concepts. A DAO is also known as a DAC or decentralized autonomous corporation. The core philosophy is to create an organization free from centralized control. As a concept, the DAO has been around since 2013, when EOS co-founder Dan Larimer…
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STATE Staking Contract is counting to go live
A month has passed since our first STATE token release and claim event through which all the users who participated in our successful IDO earlier this year managed to get hold of our native token. Now, we are excited to announce that our Staking Contract is ready to kick off, and the benefits are unmatched…
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MARCH UPDATE. NEWS.
Many creators know about Behance! Let’s discuss some news… Adobe’s Behance creative social media platform is adding support for non-fungible tokens (NFTs) minted on Polygon, allowing creators to showcase work created on an eco-conscious and low-fee alternative to Ethereum. The combination of reduced carbon footprint and low fees have made Polygon one of the main destinations…
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First STATE Token Release And Claim Event Announcement
ParaState is pleased to announce to all users who participated in the public round offering of its $STATE token that the first tranche with 30-day lockup terms is ready for claim. Parastate, a multi-chain smart contract platform bridging the application and developer ecosystems between different chains and Ethereum, has provided the necessary guidelines so that…
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ParaState as a Decentralized Autonomous Organization (DAO)
The concept for a new management model called a decentralized autonomous organization (DAO) has been circulating in the cryptocurrency community since blockchain technology made its emergence a decade ago at the hands of Bitcoin. Its main idea is to establish an organization that can function fully without hierarchical management. In essence, DAOs are societies without…
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Sharding As A Solution To Scalability
Cases Ethereum, Zilliqa, Devvio, Unit-e, Harmony, and Fleta. The promise of decentralization and immutable registration makes Blockchain possibly one of the most powerful technological innovations of recent years. While platforms such as Bitcoin and Ethereum can barely handle a couple of dozen transactions per second and are today the most famous applications of the blockchain, it…