Paragon Network unveils testnet to showcase groundbreaking capabilities in decentralized computing
Excitement abounds as Paragon Network, a pioneer in distributed computing, announces the launch of its highly anticipated testnet. This important milestone marks a pivotal moment in the evolution of Paragon Network, solidifying its position as a leader in the space of layer 1 protocols for smart contracts.
“We are very excited to announce that our testnet is now live and we thank the $PARA community for their patience.” A representative from Paragon Network says: “Paragon Network is a layer 1 protocol for smart contracts using a sharded proof-of-stake (PoS) system capable of processing up to 1000 transactions per second.”
Paragon Network is not just a blockchain project. This is a game-changer for the world of distributed computing. Combining a modular EVM-compatible layer 1 infrastructure with a delegated proof-of-stake (DPoS) consensus mechanism, Paragon Network provides users with unparalleled security, scalability, and accessibility.
The Test Net launch demonstrates Paragon Network’s commitment to innovation and excellence. With efficient sharding technology at its core, Paragon Network provides exceptional scalability and performance to process transactions at lightning-fast speeds while maintaining full compatibility with the Ethereum infrastructure.
Transactions within the Paragon Network are not processed directly on Ethereum. However, the network maintains full compatibility with the Ethereum infrastructure. Paragon Network’s native token, $PARA, facilitates this compatibility thanks to its efficient sharding technology, which significantly reduces the computational requirements required to run a node on the network.
As Paragon Network prepares for its official launch, the team remains focused on its mission to build a decentralized chain dedicated to decentralizing cloud computing power and forming the Cloud Computing Alliance (CCA). Paragon Network aims to revolutionize the cloud computing industry by hosting all other cloud computing networks on ETH and migrating them to #PARAGON.
“We are entering an exciting new era of decentralized computing, and Paragon Network is at the forefront of this revolution.” Rounding out the Paragon Network team. “We invite enthusiasts, developers, and enterprises alike to join us on our journey to a future powered by decentralized technologies.”
Use the following information to participate in the Paragon Network testnet and experience the future of distributed computing for yourself.
Paragon Network is more than just a project. This is a move towards a future where decentralized technology is accessible to everyone. Join us as we revolutionize the world of cloud computing and GPU network tokenization with Paragon Network.
To learn more about Paragon Network and how to participate, visit Paragon Network’s official website. https://networkparagon.io/. To become part of the Paragon Network community: Join our official Telegram channel https://t.me/Network_Paragon.
Introduction to Paragon Network
Paragon Network is a decentralized computing platform that aims to democratize access to decentralized technologies. With its modular EVM-compatible layer 1 infrastructure and DPoS consensus mechanism, Paragon Network provides users with unparalleled security, scalability, and accessibility. By integrating real-world assets (RWAs) and adopting AI-based security measures, Paragon Network is revolutionizing the landscape of cloud computing and GPU network tokenization.
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https://networkparagon.io/
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