Pchain ICO Review And PCH Token Analysis

PCH

The first native multi-chain system that supports EVM in ...

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5 months ago

Pchain ICO About

NATIVE MULTICHAIN PLATFORM

PCHAIN is the first native multichain system in the world that supports Ethereum Virtual Machine (EVM), which consists of one main chain and multiple derived chains.

CONSENSUS WITH HIERARCHICAL SHARDING PIPELINE

POS based multi layer sharding mechanism with a novel pipeline design that tremendously improves the performance of transactions.

SMART CONTRACTS BASED ON SMART DATA

A new Oracle mechanism based on the knowledge graph makes it easier to encapsulate smart contracts. W3C compliant smart data effectively adresses the issue of nonintelligence in smart contracts.

CROSS CHAIN INVOCATION AND TRANSACTIONS

The smart contracts of PCHAIN can be easily invoked with other nonnative Tokens (BCH, ERC20) by using the provided toolkit.

Pchain ICO Review

[Main problems tackled]:

1) The first native multi-chain architecture that supports EVM, with a consensus of POS based on multi-layer sharding mechanism that tremendously improves the performance of transactions.

2) A new Oracle mechanism based on the knowledge graph makes it easier to encapsulate smart contracts. PCHAIN's endogenous W3C-compliant smart data effectively addresses the issue of non-intelligence in smart contracts and can become a fundamental element of smart contracts, just like the market exchange rate data from the external.

3) The goal of PCHAIN Smart Data is to generate valuable data that filters out noise and make it an integral part of Oracle. These smart data can be used in various PCHAIN's smart contracts and other cross-chain requests. Smart data, on the one hand, can serve as an intermediary between blockchain and articial intelligence, and on the other hand, facilitates the integration of blockchain with big data. Therefore, it has a vast application prospects, including decentralized question and answer, forecasting markets, the construction of distributed knowledge graph, social networks, digital identities and others.

4) The trunked cross-chain solution makes the exchange of digital currency and digital assets more convenient. Various Token (e.g. BCH, ERC20) can be directly used to invoke smart contracts in PCHAIN.

[Main contribution proposal]:

In response to the defect of single-chain method which supports smart contracts, a multi-chain approach is proposed to improve the support for DApp. The multichain approach has a new structure of a main chain and multiple side chains.

When you create a new DApp (e.g. a new smart contract), a side chain will be created :

1) Invocation of Smart Contract for Non-native Token - When the toolkit provided by PCHAIN, which is used on other blockchains, invokes the smart contract of PCHAIN with a certain number of Tokens in this blockchain, the exchange rate between the Token and PCH (Token of PCHAIN) will be acquired by the toolkit firstly through the smart data in Knowledge Graph. When the convertible PCH is enough to run the called smart contract, the toolkit will transfer corresponding number of Tokens to PCHAIN and consume the corresponding quantity of PCH of PCHAIN to invoke the smart contract.

2) Consensus of Sharding - PCHAIN supports Shardings at different levels and offers a choice of POS consensus mechanisms to improve the efficiency of operation and storage and support chain expansion.

3) Knowledge graph and Smart data -PCHAIN writes standard RDF triples into the built-in blockchain knowledge base to form Smart Data. The goal of PCHAIN Smart Data is to generate valuable data, lter the noise of the data, and become an element of the smart contracts Oracle.

4) Supporting EVM - EVM completes the logic of business and takes control of all instructions and thus to resist malicious code logic. While making reasonable and transparent calculations of costs of calling smart contracts by implementing Turing complete Solidity.

[Innovation]: PCHAIN is the first blockchain that supports Smart Data, based on which knowledge graph is formed and smart contract can be executed within a closed loop. Every DApp has its own chain tha makes it easy to browse and restore transactions.

1) Supporting large-scale transactions - When the accumulation of transactions of multiple DApp results in a large overall scale, the scale of the corresponding side chain is relatively small. Now every side chain grows itself without affecting the main chain and other side chains. When the scale of transactions of single DApp is large, the computing power of the whole network focus on the chain because of incentive mechanism to ensure blocks can be produced in time and transactions can be completed aș soon as possible. If there are many DApps and many transactions in each DApps, the system will be busy and it is hard to avoid congestion. However, this situation is less likely to happen.

2) New consensus make computing parallelism - Under the original POW mechanism of the public blockchain, every node mines and thus there is a high probability to produce new blocks at same time. However the probability of fork also is high. Under the new consensus mechanism, a group is formed for consensus and the probability of fork is reduced. Meanwhile, with the new mechanism, when a group reaches a consensus, intensive CPU operation is not needed anymore, which can save a lot of power. All nodes can be divided into many small groups and each group has a consensus on one chain, which is concurrent consensus. Besides, groups have intersection, i.e., a node may join consensuses of many chains. Therefore, the computing power is fully utilized and the growing of PCHAIN is smooth.

3) Supporting smart contract update - supports upgrade of smart contract through the methods above.

4) High fault tolerance - In construction of PCHAIN, main chain just records, and errors will not occur in theory. When some error happens in a side chain, main chain and other side chains are not a affected and only corresponding side chain needs to be corrected.

5) Expansibility - It is easy to deploy a new DApp with expanding a new side chain. Under the consensus mechanism, the growing of new chain does not cause much burden.

Pchain ICO Comments

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  • 5 months ago Red Willis

    Great!

  • 5 months ago Draymond Green

    Can anyone tell me about the Oracle?

  • 6 months ago undefined

    Anybody got more info about pchain?

  • 6 months ago Sanya

    From what I’ve read it supports Smart Data, based on which knowledge graph is formed and smart contract can be executed within a closed loop.

  • 6 months ago Tom

    What about the DApp?

  • 6 months ago Sanya

    Every DApp has its own chain that makes it easy to browse and restore transactions.

  • 6 months ago Mao

    How’s it different from other projects? They’re so many of these I’m finding in my opinion.

  • 6 months ago Sanya

    I heard it’s similar to Rootstock, Polkadot and Zilliqa in one project but a lot more improved with regard to sidechians, sharding and cross-chain interoperability.

  • 6 months ago undefined

    There’s no team listed. Who’s behind this?

  • 6 months ago Sanya

    The Godfather of Chinese Blockchain, Dr. Cao Feng. He’s credited for coming up with the first international blockchain patent in China, which makes hime the first to execute the country’s first financial blockchain transaction.

  • 6 months ago Tom

    He worked at IBM China too. In the Research Division.

  • 6 months ago Mao

    Every project has its weakness, I guess.

  • 6 months ago Sanya

    I’ll be asking them about it and when will they post the team compo.

  • 6 months ago Tom

    I heard it has partnerships with Chinese exchanges too.

  • 6 months ago Sanya

    Yeah, 11 to be exact, commodity and equity exchanges, financial asset exchanges, the China Federation of Logistics & Purchasing (CFLP) and many more.

  • 6 months ago Mao

    So they have already signed for their token to be listed in all these exchanges, or just another form of partnership?

  • 6 months ago undefined

    Yeah, I’m thinking about this too.

  • 6 months ago Team icopicker.io

    Anyone has an idea about the pchain private investment, will it happen?

  • 6 months ago Jonas Panerio

    Any idea on what the hardcap is going to be?

  • 6 months ago Paul Walterson

    @jaypanerio It's hardcap would be 25 000 000.

  • 6 months ago Gabriel Stephen

    What are other projects similar to PChain? Just want to find out what the competition is like.

  • 6 months ago Jonas Panerio

    Hey @gabestephen China’s blockchain industry is booming right now, with so many new projects left and right. Just to name a few Chinese projects with massive potential: Matrix, Sharder, Internet Node token and Elastos. With so many partnerships and ties in China, the first competitor that comes to mind is NEO. NEO is much further ahead in terms of development and user base. However, the blockchain industry is still in its infancy and with PCHAIN’s sharding, scaling and interoperability solutions, the battle hasn’t been won yet. Keeping in mind that the low market capitalization will give PCHAIN a lot of room to grow.

  • 6 months ago Hunter Levesque

    In a nutshell, PCHAIN = Zilliqa +Polkadot + Rootstock+ Matrix?

  • 6 months ago Gabriel Stephen

    The main idea is that rather than only one blockchain to handle all transactions and thousands of smart contracts, PCHAIN idea is to make a side chain for each Dapp (think thousands of Rootstock), and thus even with millions of Dapps, it will not burden the main chain since each side chain operate on its own (semi-independent), see Figure 1. Each Dapp is like a small autonomy for each state, where each state has its own governance and control, and all the states then form a country. Not only that, PCHAIN will apply AI and Big Data (think Matrix) into its blockchain to generate smart data. The speed of PCHAIN is improved by using sharding (think Zilliqa).

  • 6 months ago Red Willis

    I have been following Pchain over telegram and their community is actually very interactive. I wonder if there are any members from Telegram that's out here?

  • 6 months ago Jonas Panerio

    I am excited about PChain and its vision to bring new solutions resolving the key issues that the blockchain industry in its current stage has. Lead by the Feng Cao - one of the most credible blockchain experts in China, I believe that the project is on the path of success. Nevertheless, I remain mindful that currently there is no prototype, which presents a considerable highlight for such an ambitious project.

  • 6 months ago Jonas Panerio

    And PChain gets another great review! https://youtu.be/_qmzu7M65nw

  • 6 months ago Klay Thompson

    Dr.Feng Cao - Founder of PCHAIN will be in Singapore on May 3! This is great news for us here in Asia.

  • 6 months ago Klay Thompson

    Dr.Feng Cao - Founder of PCHAIN will be in Singapore on May 3! This is great news for us here in Asia.

  • 6 months ago Hunter Levesque

    That's awesome! I searched for more details. Here they are: Thu 3 May 2018 6:30 PM – 10:00 PM, Suntec Tower 2 #07-00 (UCommune) Singapore, Singapore 038989 Singapore

  • 6 months ago Jonas Panerio

    It appears that Pchain is finalizing its plans for the ICO

  • 6 months ago Luke Livingston

    Yes. They have gotten so much exposure from the community and they are considered to be one of the most talked ICO in town. Looking forward to seeing more details about how they'll progress.

  • 6 months ago Peter Garland

    I'm very much interested with Pchain. Any idea when they will start their token sale as well as how many they have available. Thanks!

  • 6 months ago Draymond Green

    So far, no word yet on the actual start of the ICO. We're all waiting with baited breath.

  • 5 months ago Jonas Panerio

    Why PChain Will Revolutionize Blockchain Technology ---> https://cointelegraph.com/press-releases/why-pchain-will-revolutionize-blockchain-technology

  • 5 months ago Klay Thompson

    Can someone explain how PChain works in layman's terms please.

  • 5 months ago Hunter Levesque

    Manufacturers can draw up promotion tasks and rules & release to the task-board Promoters take on the tasks and accomplish them according to the Manufacturers’ rules to claim Pchain tokens.

  • 5 months ago Red Willis

    The first native multi-chain architecture that supports EVM, with a consensus of POS based on multi-layer sharding mechanism that tremendously improves the performance of transactions.

  • 5 months ago Peter Garland

    My business partner bought PChain tokens and so far he only has good word about Pchain. They seem to be living on what their goal is. Anyone else in here who tried purchasing with them? What are your thoughts?

  • 5 months ago Miles Jonas

    I haven't purchased yet but I have been following their Telegram channel for quite some time now and they've grown exponentially over the past weeks. It's also very interactive especially the admins in there, one good reason why people has high hopes with PChain.

  • 5 months ago Charanpreet singh

    Ambitious project

  • 5 months ago Jonas Panerio

    Looks like the crowdsale has officially started...

  • 4 months ago Hunter Levesque

    PCHAIN (PAI) is launching on Bibox in the global market on June 1st! Deposits/withdrawal of PAI will open at 11:00am (Singapore time) on June 1st, and the PAI/BTC PAI/ETH trading pair at 16:00. (Singapore time) From 16:00, June 1st, 2018 to 16:00, June 8th, 2018 (Singapore time): The first 1, 000 users who trade (buy + sell) more than 3000 PAI can get 30-30000 PAI randomly. Following users who trade (buy + sell) more than 3000 PAI can get 10~10000 PAI randomly. Your token will be unlocked before deposit/withdrawal opens.

  • 4 months ago Meghan Lambert

    PChain has grown exponentially from the last time It got listed here. Way to go PChain!

  • 4 months ago Meghan Lambert

  • 4 months ago Meghan Lambert

    PChain has grown exponentially from the last time It got listed here. Way to go PChain!

  • 4 months ago Meghan Lambert

    PChain has grown exponentially from the last time It got listed here. Way to go PChain!

  • 4 months ago Jonas Panerio

    Here's a great review: https://youtu.be/CJtA8wJAlaM

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ICOPicker - Dr.Feng(Jeff) Cao
Dr.Feng(Jeff) Cao
Vision and Science
ICOPicker - Steven Lv
Steven Lv
Architecture
ICOPicker - Frank Ma
Frank Ma
Blockchain Storage and Optimization

Token Info

  • Symbol/Ticker PCH
  • Platform Ethereum
  • Type ERC20
  • Bonus Yes

Presale Info

  • Presale Price 10.0582 ETH
  • Presale Start Date 05/28/2018
  • Presale End Date 06/23/2018

Investment Info

  • Tokens for Sale 2100000000
  • Total Token Supply 2100000000
  • Price Per Token 1 PCH = 0.0587 USD
  • Soft Capital 0 USD
  • Hard Capital 50,000 ETH
  • Accepting ETH

March 2018

PCHAIN Position Paper completed

October 2018

Dewdrop Stage Complete the development of PCHAIN core system which supports account system and deployment of smart contract, publish technical white paper. Test net of main chain online.

Mar 2019

River Stage - Publish the product on the major network complete document of external API and wiki.

Jun 2019

Sea Stage - Expand the capabilities of knowledge graph and Data Blockchain and support external development interfaces.

Sep 2019

Ocean stage - Introduce several blockchain application projects to form Knowledge Graph Blockchain Alliance.

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5 months ago


  • Token PCH
  • Platform Ethereum
  • Price 1 PCH = 0.0587 USD
  • Soft Capital 0
  • Hard Capital 50,000 ETH
  • Accepting ETH
  • Country Singapore
  • Restrictions China
  • Know Your Customer Yes
  • Whitelist No

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