ParallelChain/ XPLL Announcements [Read-Only]

⚡️Experience seamless digital identity with the BINGO demo app — We’re excited to release this demo app showcasing BINGO's strong AI models, featuring state-of-the-art 🤳 passive face anti-spoofing and 🪪document verification capabilities developed in-house at ParallelChain Lab. With a rapid full verification process in just 💨10 seconds and 🌐global document support, BINGO empowers businesses to engage internationally with ease. The solution is available as SDKs for Android and iOS mobile apps, as well as a zero-integration web platform. The demo app is available now on the Apple App Store (search 'BINGO Experience') and Google Play Store (search 'BINGO by ParallelChain'). Try it out and let us know how many seconds did it take for you to complete a full verification! Our record is 10s — can you beat it? 😎 👉Read the announcement in full: https://parallelchain-lab.io/about-us/newsroom/bingo-demo-app

🛫 $XPLL Available on Biconomy Today Dear Community, We're excited to announce that $XPLL is coming to Biconomy exchange at 9am (UTC) today! This marks a significant milestone for ParallelChain as we expand reach and enhance accessibility for our growing community. ✨Key Benefits of the Biconomy Listing One of the most exciting aspects is that it opens up the market to people who were not able to participate due to jurisdictional restrictions. We know that many have been eagerly waiting for the opportunity to access $XPLL, and this listing makes that possible. 💫Enhanced Market Dynamics $XPLL will benefit from increased market dynamics — crucial for growth and stability, making it easier for users to join with our ecosystem. We're committed to providing the best opportunities for our community, building strong foundations, and sustainable growth. Thank you for your continued support. Let’s continue to grow and succeed together! Best, ParallelChain Team ⏳🙌 https://www.biconomy.com/exchange/XPLL_USDT

🛠Release Note: Mainnet Node Upgrade to v0.5 Today, the ParallelChain mainnet has successfully completed the migration of mainnet nodes from version 0.4 to version 0.5. Although this upgrade may not result in noticeable changes to the current user experience, it introduces significant improvements in consensus mechanisms and security measures, paving the way for a more robust platform 🪨. Key Enhancements🪄 - Consensus Enhancement: 🔄Faster synchronization speed when nodes rejoin the network. What does it mean? When a node reconnects to the network after going offline, it needs to catch up on the missed transactions occurred during its absence, being able to sync fast means less downtime. Users will not notice any changes in their experience. - Security Improvement: 🐜Enhanced resistance to Distributed Denial of Service (DDoS) attacks. What does it mean? DDoS attack refers to many systems flooding a network with excessive traffic. By increasing our resistance, we ensure ParallelChain remains reliable and accessible. Important Notice✍️ There will be an observable increase in the circulating supply that will be visible on the Explorer. - Issue Addressed: A slight error in the token vesting interpretation in the previous protocol implementation was identified, which incorrectly counted more vesting instances than existed. (e.g., it would account for 5th, 6th... vesting instance even if the schedule only had 4 instances). This error led to incorrect locked token supply calculations, resulting in a misrepresented lower circulating supply. - Correction: The v0.5 upgrade rectifies this issue. Consequently, the correct circulating supply will be displayed, reflecting an increase due to the proper interpretation of the vesting schedules. We understand that this may prompt questions from the community, and we are prepared to address any concerns regarding this correction. Thank you for your understanding and continued support.

🚀 May 2024 was a month of significant progress as we continued to enhance ParallelChain Mainnet and expand the capabilities of BINGO. From improved security measures to the approval of our BINGO mobile app, there's a lot to catch up on. Dive into the details in our latest monthly bulletin on the ParallelChain Newsroom: https://www.parallelchain.io/engage/newsroom/monthly-bulletin-may-2024 🌟✨

🚀 Exciting news! We're thrilled to welcome Nitin Gaur as our new Growth Advisor at ParallelChain! With over 20 years at IBM and extensive expertise in blockchain, Nitin will be instrumental in driving our growth and innovation. Welcome to the team, Nitin! 👀 Full announcement available at: http://www.parallelchain.io/engage/newsroom/niting-gaur-growth-advisor

😶‍🌫️ Unveiling the power players of ParallelChain at the new Ecosystem Directory: 🌐 https://parallelchain.io/about-us/ecosystem 🌪️ Discover the emerging blockchain and AI projects poised to revolutionise web3 with ParallelChain. Partner up with us to leave your mark!🦄

📢 April 2024 Bulletin is packed with updates on ParallelChain Mainnet and "BINGO" 🚀 🔹 ParallelChain libraries now available on crates.io for easier access to Rust coders 🔹 Our Rust-WASM compiler is now compatible with Rust's latest version 🔹 Progress on digital identity products 🔹 Website revamp progress & more! 👉 Check out the full bulletin for all the details: http://www.parallelchain.io/engage/newsroom/monthly-bulletin-april-2024

🚀March 2024 Monthly Bulletin As we turn the corner on March, this month's monthly bulletin sees us: ✅Hotstuff-rs v0.4 Milestone x2: Achieve important foundational milestones - Hotstuff-rs v0.4 now comes with improved safety & performance 🏁1: Overhauled code organisation 🏁2: Created Pacemaker, a brand-new algorithm that will speed up view synchronisation ✅KYC on-Demand Alpha Test 1.0 concluded with important feedback on UI/UX development 🛂💻 More #buidling is projected to happen behind the scenes this April, as we tackle other milestones set for Hotstuff-rs v0.4. We also work towards a Mainnet Docs & Libraries revamp expected to contribute to a better dev experience. 👀 Monthly Bulletin in full at https://parallelchain.io/engage/newsroom/monthly-bulletin-march-2024

As DeFi gains broader adoption, it also faces increasing regulatory challenges🔏 This is where ParallelChain steps in, offering a suite of on-chain DeFi compliance tools 🛠that strike a balance between decentralisation and regulatory adherence. Building compliance solutions for DeFi begins with a solid understanding of CeFi's regulatory frameworks. Among these, Know-Your-Customer (KYC) standard stands out as the first obstacle to overcome ⚔️ In this article 👉 https://parallelchain.io/engage/newsroom/new-kyc-paradigm, you will discover: 💡what is KYC 💡the challenges of applying the current KYC practices to DeFi 💡how ParallelChain translates CeFi KYC standards to DeFi. For example, achieving Proof-of-Personhood (PoP) with AI 💡applications of zk-SNARKs and zk-STARKs in KYC 💡applications of cryptography and hashing in KYC data security Share this article, tag @ParallelChainLB on X, and keep the conversation going!🎢