Elrond has announced its partnership with the Parsiq data automation platform, which makes in-chain information available for off-chain applications and workflows.
Now, ideas flow with Elrond through on-chain data delivered in real time with Parsiq.
data platform is designed to expand to high performance networks, it is a good choice for indexing Elrond data in real time.
collaboration between Elrond and Parsiq will enable mainnet events such as token transfer or smart contract execution.
An off-chain process could also be triggered, including sending a notification, providing a service, shipping a product, as well as any process in one or more applications.
Speaking about integration, Beniamin Mincu, CEO of Elrond Network, commented:
“Off-chain platforms that can process significant amounts of on-chain data in real time are essential to Elrond’s mission to act as a layer of trust at the Internet level. We are happy to work with Parsiq and accelerate the efforts of the developers who integrate our core network into their broader technology stack.
New horizons for Parsiq
High-level developers can create more complex scenarios related to Elrond chain data using the ParsiQL programming language and the dedicated IDE with good performance, without having to implement and maintain a dedicated infrastructure.
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Tom Tirman, CEO of Parsiq, told the media:
“Elrond is the first fragmented architecture to be integrated into the Parsiq platform, which makes our collaboration very exciting. We look forward to meeting the data needs of Elrond’s vibrant developer community, so they can put more creative energy into creating amazing apps. ”
Meanwhile, Parsiq code-free graphical interface helps anyone to configure simple triggers easily. So builders of all skill levels are ready to take full advantage of the Internet-scale capabilities of Elrond’s blockchain in their workflows.
Deeper information and broader toolsets
According to Elrond, Parsiq will add support for basic balance and token transfers on the Elrond network and relevant filters in the first steps of its partnership.
Later, smart contract monitoring and other more advanced features will also be phased in.
Elrond is an internet-scale blockchain, which removes the underlying complexity of public blockchains.
It is also making creating and using applications on the web a familiar experience for users, developers, businesses, financial firms, and more. It was designed to provide a 1000x accumulation of performance and speed of execution.
Founded in late 2017, the leading public blockchain development company is developed by a team of seasoned entrepreneurs together with not only engineers and researchers, who have experience from Google, Microsoft, NTT DATA and Intel, company, but also PhDs in fields like CS. & AI, multiple math and CS.
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Taking Blockchain to the Next Level of Development
Since its establishment, Elrond has introduced two key innovations, including a novel Adaptive State Sharding mechanism and a Secure Proof of Stake (PoS) algorithm that helps expand scalability with a fast, efficient and secure consensus mechanism.
As a result, the blockchain can handle up to 15,000 transactions per second (TPS), with a latency of 6 seconds and negligible cost.
Well-funded partners with clear synergies
Elrond raised $ 1.9 million in 2019 and put the capital to good use.
Additionally, Binance Labs, Electric Capital, NGC Partners, Maven 11, and Woodstock have invested money in the company. Other investors in the UK, India, Israel, Asia and the European Union have shown financial support for the work Elrond is doing.
company’s goal is to create a permissionless, borderless, and globally accessible Internet economy.
Parsiq is a platform that monitors and automates the blockchain workflow, working as a multi-level bridge to connect blockchains and off-chain applications.
A proprietary programming language is used to help users monitor and simplify an endless flow of data on the blockchain.
Traders and common users’ wallets can be observed in real time with the platform. Together, the two platforms offer a lot to anyone who wants to know more about what is happening on the chain!