PARLAY

in bitcoin •  7 years ago  (edited)

PARLAY - Decentralized Prediction Game Platform Powered By Public.

Hello to all readers of my blog. Today I would like to present to your attention an overview of another very promising campaign. Go.

WHAT IS PARLAY?
Parlay is a project to pursue scalable blockchain solution that has PrimeNodes to minimize blockchain network delay and user-friendly masternode. Moreover, Parlay is an eventdriven cryptocurrency which provides decentralized prediction game platform, operated by public community. Proof of Stake for consensus algorithm in order to increase and secure scalability of blockchain network. Parlay Chain embeds auto-scaling nodes which has unique node management system to stabilize the mainnet.

Cryptocurrencies with masternode feature highly depends on the investor who operates masternode for community. However, managing masternode has always been challenging for non-programmers and investors hurdle from configuring their masternodes. This is the critical reason why we have decided to build user-friendly ecosystem in masternode configurations. For instance, Parlay team focuses on user experience and easy management system for running a masternode. More information about the configuration methods will be presented at PrimeNodes section.

We adopt incentive rewards to promote the network service (PrimeNodes) and to secure the network (PoS wallet). Community rewards advocate parlay proposals and voting systems to develop the fastest growing blockchain ecosystems.

SECURED SCALABILITY

  • Blockchain network delay and Blockbuster attack
    Since Bitcoin appeared in 2008, numerous cryptocurrencies have been developed and launched with each own features. The features include technical, business-service model, ecosystem, and protocol based platform.

  • Blockchain Transaction Monitoring System
    Basically, blockchain monitoring system tracks and reports all incoming transactions from blockchain nodes. Nodes continuously broadcast generated transactions to peer nodes.

  • Blockchain Auto-scaling System
    The monitoring system acknowledges the amount of transactions in nodes’ memory pool, the system sends RPC call to each preliminary PrimeNodes when network delay is predicted. Based on the congestion level of monitoring system, the number of preliminary PrimeNodes will be flexibly chosen to be operated.

PARLAY SERVICE PRIME NODES
User-friendly Masternode Service (Prime Service). Running a masternode has always been challenging burden for non-programmers. It is time consuming task to understand the system and to configure the masternode even for the developers. To solve such issue, Parlay team will provide Prime Service to help users to setup masternode at relatively ease. Based on the experience and operation in blockchain technology, Parlay team explored that userfriendliness is the key to the service. In general, innumerable masternode blockchain systems only provide developer-friendly masternode guide. In consequences, many investors give up running masternode and lose their potential returns.

Blockchain network needs community backed up in order to maintain its stability and value of the network. Developer-friendly masternode could narrow down the target of users and reduce the size of community. Therefore, Parlay team determined to develop user-friendly PrimeNodes setup to maintain its community. Prime Service is a simple solution that automates masternode setup. It does not include any challenging engineering works, but its highly effective enough to gather users who have hesitated to operate masternode.

The Prime Service is based on Docker. Docker is an open source program that allows developers to package all the dependencies for software. Synchronization between docker and blockchain technology provides highly effective method to operate PrimeNode. Docker creates virtual space in VPS and provides a container which includes all the requirements of Parlay Chain. Since, the Prime Service simplifies setting up the PrimeNodes by minimizing steps, the users can easily operate and manage their masternode.

Parlay.Live

Parlay.Live is decentralized prediction game platform, operated by public community.

  1. Proposal on Community - To support the network growth and stability, Parlay.Live platform provides the proposal right to users who supports Parlay network service (PrimeNode). Any PrimeNodes holder can post Parlay event on Parlay.Live and obtain incentives from our system. Parlay Prize will be set by our budget managing system and will integrate with Parlay.Live.
  2. Approval by Parlayers - One Parlay (PAR) holds one vote. To censor the proper parlay event, the committee examines and reviews pre-proposal. If the committee approves the event, Parlay Chain automatically enforces the event.
  3. Gameplay Detail - In Parlay.Live prediction game, Paralyers pick the winners of three or more gameplay to win the Parlay Prize. To give clear idea on Parlay event system, we will initiate our Parlay.Live service starting with 2018 Russia WorldCup. Please contribute your passion and fortune to make life become more entertaining and profitable.
  4. Future Vision - An event can be interpreted as more broad definition in Parlay community. Subsequently, the event will become a form of an election and/or a governance decision on community opinion. The future of Parlay live platform encourages community to post new events for multiple purposes. As previously mentioned, an event organizer can post a demo-election for Parlay event before the actual election starts. Participants could vote to the demo-election like game play. Those voting results from the demo-election could be used as predictive sample of the election. The above example is one of future usage that Parlay team strongly anticipates. Including such use case, Parlay events can evolve into numerous forms mainly driven by its community members and Parlay holders. Hence, Parlay.Live is the platform service that gathers and evaluates diversified collective intelligence proposed by the community. Parlay team urges to potentially expand and stimulate by the community and for the community.

Proposal on Parlay.Live should contain the following items:

  • Parlay event description including race, game, competition, and/or other future events.
  • Parlay Prize : type of prize & reward size
  • Parlay Fee : event ticket price
  • Parlay Period : event participation period

PARLAY CHAIN SPECIFICATION
Parlay’s PoS consensus algorithm enables every stakeholder to participate in the validation of transactions on the network. To promote the stable and secure network growth, we assigned more incentives to PrimeNodes holder. Each Parlay PoS block reward is split to 60% assigned to PrimeNodes and 40% assigned to staking nodes.

  • PAR: Symbols
  • algorithm: Scyrpt bid
  • maximum: 30 million Parlay
  • Lock time: 90 seconds
  • Choice block: 20 PER
  • awards Distribution: PrimeNodes 60% /
  • Spying 40% PrimeNodes Collateral: 2500 BY
  • Re-targeting difficulty: all
  • Maturity block: 88 blocks
  • Confirmation of transactions: 10 blocks
  • Premine: 0.5%

ROADMAP

For more information, please visit the following website:

Author: Feryperrot
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1779284
My Parlay wallet: PUfcGyyP1Urroc1ovBUiLpmunqJSt1ZPKr

bitcoin ico blockchain tokensale parlaychain
7 years ago by

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