Parity Technologies

by Parity Technologies

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Rise

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IPFS

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Parity Technologies

by Parity Technologies

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Rise

by Rise

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IPFS

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What problem does this service solve?

Parity's software makes it easier for organizations, end-users, and developers to use blockchain.Rise hopes to create a blockchain platform that will have faster transaction times and will handle larger volumes.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.

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Company Description

Parity Technologies is an influential blockchain development company that offers a variety of open-source software solutions for creating and using decentralized technologies. Some of their solutions include Ethereum and Bitcoin clients, cross-chain technologies, smart contracts, testnets, and cryptocurrency wallets. The company was created by Gavin Wood, the co-founder of Ethereum.

Rise is building a blockchain development platform with dPoS consensus. Their protocol uses a Delegated Proof-of-Stake (dPoS) consensus mechanism and will be powered by the RISE coin. They hope to significantly improve transaction times and reduce fees, while providing developers with a tool set to create DApps in several programming languages.

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

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