Ethereum was created with the ability of creation of dapps using the blockchain. A decentralized application is an application which solves specific problems and purposes to the users, however with the additional ability and property of a standalone architecture. A dapp is said to be a tool for different people from different sides to come together for an interaction without any intermediary hence the 'decentralized' nature of its property.

According to This source "DApp is an abbreviated form for decentralized application. A DApp has its backend code running on a decentralized peer-to-peer network. Contrast this with an app where the backend code is running on centralized server"

Really there is an increasing demand and shift towards application use cases of the blockchain since real world issues can be successfully modeled with the technology. We have come across incredible platforms and technology successfully modeled and if we are keen on our observations we could see that the bulk of such successful projects comes with a dapp.

At the time of writing, there are 1,675 dapps on the Ethereum blockchain and counting, divided into several categories shown in the image below, with games taking a large chunk of the share.

The least amount of dapps is in the insurance category, although while they are quite useful in the blockchain some of this dapps are built heavy, bringing about some difficulties in the blockchain since the blockchain is a single chain and activities are carried out still in this chain causing some level of inefficiencies, slower confirmation time, increased fee for transaction execution and a lot more.

Ethereum EVM



The Ethereum blockchain can be alternately described as a blockchain with a built-in programming language, or as a consensus-based globally executed virtual machine. The part of the protocol that actually handles internal state and computation is referred to as the Ethereum Virtual Machine (EVM). From a practical standpoint, the EVM can be thought of as a large decentralized computer containing millions of objects, called "accounts", which have the ability to maintain an internal database, execute code and talk to each other - Ethereum Wiki

Despite the capabilities of Ethereum as a blockchain for creation of dapps with EVM technology we have seen dapp creation carried out independently by various projects ignoring EVM, all aiming to solve a particular existing problem and not in its entirety in fact leading to new problems. But then again why create another when you can improve on the current.

Pchain Approach

The first native multichain system that supports EVM in the world since projects bring up unique means of reducing the load in the chain by creating their own technology which is quite cool citing Lisk technology as a great example. Pchain attempts to improve upon an already working architecture, making large scale application possible through the process of sharding, multi-chain and smart data solutions.

Multi-chain: Current problem could be said to occur when a lot of transaction pack inside a block, different transactions, different smart contracts, different dapps with varying sizes which makes it quite mechanic to execute an operation. The need for microchain/sidechains to support mainchain couldn't be overstated.

Owing to the architectural structure of the mainchain and sidechain that looks like the Greek pie letter. One could understand why the name Pchain was chosen.

Sharding: A shard help reduce the load in the mainchain, each node will have only a part of the data on the blockchain, and not the entire information, when sharding is implemented such that information and decentralization are actually maintained in that node. Pchain Network supports Shardings at different levels and offers a choice of POS consensus mechanisms to improve the efficiency of operation, storage and support chain expansion.

The pchain network supports the expansion of chain and improves operational efficiency by introducing sharding mechanisms at different levels and supporting POS consensus mechanism. The Pchain Network executes Sharding in two ways:

The hierarchical structure of the mainchain and sidechain; The mainchain provides registration, search, storage, deposit and other services for side chains and supports cross - chain transactions. One can create a side chain to complete a specific business logic. This eliminates the need for all business transactions to be done on one chain, greatly reducing the operation and storage pressure on the main chain, while the side chain also eliminates the interference of other services under the original single - chain model.

For specific chains with more nodes, use transaction - level Sharding Pchain Network automatically enables this Sharding mechanism inside the chain when there are more nodes and too many transactions in the chain.

Pchain Network uses Solidity + EVM for smart contracts in both its mainchain and sidechain so that existing EVM users can quickly build new or migrate existing dapp applications on the Pchain Network.



Although this isn't the first time for me seeing such infrastructure but it is the first that I have come across a project so passionate about this. They seem to walk the talk.... yes you guess right!

Testnet Launch!

Just today Pchain launch their testnet and it's simply marveling to see that they achieved a whooping 123,424 peak TPS!

Tweet Link

In this bear market Pchain Network ranking only third behind BTC speaks a lot about the project, boosting confidence for investors in the project already and inspiring new ones, check the market even though we are in a bear market one could still see some uptrends forming, in fact at the time of this post there is a 9.59% gain under 1h at a price of $0.018623 currently.







Some Useful 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

