ParaState Performance on steroids

 Introduction 

Today we are going to talk about a technology I am got excited about the ParaState tech. ParaState aims to become a Polkadot parachain that extends the frontier of Ethereum with a substrate framework. By supporting 20+ programming languages to create Ethereum-compatible smart contracts [1].

But before we dive deeper into the technology feel free to review the ParaState links below:

• ParaState.io  
  
• ParaState Telegram
  
• Medium ParaState 
  
• ParaState FB
  
• ParaState Twitter
  
• Coinmarketcap.com ParaState
  
• Discord ParaState
  

ParaState goal is to provide an industry standard, highly optimized, and extensible smart contract execution environment, while maintaining Ethereum compatibility. It does so as a Polkadot parachain, which allows it to provide services to other Polkadot parachains and applications, and at the same time, to take advantage of cross-chain services provided by other parachains. 

• ParaState will be compatible with Ethereum
• ParaState comes with core DeFi infrastructure
• ParaState is fully compatible with Uniswap

Also ParaState will create a stand-alone substrate blockchain that interacts with Polkadot through parathreads initially. This allows ParaState to launch a Layer 1 blockchain securely and economically. More specifically parathreads are an idea for parachains to temporarily participate (on a block by block basis) in Polkadot security without needing to lease a dedicated parachain slot [2].

Social Media Presence 

ParaState has a relatively strong social community presence even through it is still in a starting point. Below we can see the stats:

• Twitter: 3205 Followers
• Telegram: 3385 members, with 765 online
• Discord: 135 Plus members online  

In the social media the atmosphere is light, but questions and announcements about the technology are announced. 

Repository Overview 

The repository of ParaState looks pretty code, with often contributions and multiple developers:

 Conclusion

The project is in early stage, but looks promising, not much information is released yet. 

References: 

• Pparastate.io [1]
  
• medium.com [2]
  
• Coinmarketcap.com [3]
  
• www.einnews.com [4]
  
• wiki.polkadot.network [5]