PCHAIN - Smart Contract Support

Since Ethereum stepped into the blockchain, this awesome technology has taken a new dimension. The introduction of smart contract has proven to be a massive game changer in blockachain technology, therefore, giving Ethereum the global recognition it duly deserves.

Operating in it's own main-net and with the introduction of smart contract, Ethereum has been able to incubate a lot of other tokens that operates on its blockchain. Currently, Ethereum has the largest number of tokens operating on its blockchain and is the second biggest cryptocurrency after bitcoin.

However, with the smart contract being a life saver but not entirely accurate, PCHAIN, a new infrastructure level public chain system with native support for multi-chain applications and EVM will come up with amazing innovations to not make the Ethereum Blockchain go extinct but support an already amazing technology.

Some Of The Problems Facing The Smart Contract Supported Blockchains:

1. Large scale transactions are often a problem, take Ethereum itself for example. The TPS (Transaction Per Seconds) for Ethereum is a poor 13, I mean, Facebook has a better figure with 175,000 TPS and for a blockhain that handles transaction, 13 is not really an impressive figure. More recently, during its testnet, PCHAIN recorded an industry high 123,424 TPS. Completing transactions at such speed will only make the blockchain better. Also, all DApps transaction are packaged into one block and DApp congestion causes the system not to work properly.

2. Smart Contract requires external system data and the validity of these data often causes problems due to the lack of unified and effective oracle.

3. It is getting more difficult to handle the compatibility problem of smart contract, leading to the increase in demand for cross chain support.

The PCHAIN Solution

As the first native multi-chain architecture that supports EVM, with a consensus of POS based on multi-layer sharding mechanism that tremendously improves the performance of transactions. PCHAIN will implement some of the following to improve the smart contract.

1. With a W3C-compliant smart data, PCHAIN will address the issue of non-intelligence in smart contracts by using a new oracle mechanism based on knowledge graph to make smart contract encapsulation easier.

2. PCHAIN's smart data can serve as an intermediary between blockchain and AI and also facilitate integration of blockchain with big data.

3. PCHAIN's cross chain solution makes it convenient to exchange digital currency and assets. With this, you can invoke smart contracts on the PCHAIN network using various token such as BCH and ERC20.

Also, tonight, at 22:00-23:00 (singapore time), 25th of September, PCHAIN will hold its weekly AMA (Ask Me Anything) on their telegram channel ( https://t.me/pchain_org), with the CEO and Co-founder of UDAP (A partner of PCHAIN) being present. This is a wonderful opportunity to get any question you might have about the project answered.

In case you missed the live testnet launch of PCHAIN which saw it achieve a 123,424 TPS (faster than bitcoin and ethereum), you can watch it in the video below.

For more on PCHAIN, visit the following links:

Telegram https://t.me/pchain_org
Website https://pchain.org/
Medium https://medium.com/@PCHAIN
Reddit https://www.reddit.com/r/Pchain_Org_Official/
Twitter https://twitter.com/pchain_org?lang=en
Whitepaper https://pchain.org/js/generic/web/viewer.html
Steemit https://steemit.com/@pchain