PCHAIN AMA Recap
PCHAIN is the world’s first native multi-chain system supporting EVM (Ethereum Virtual Machine). It features an original PDBFT algorithm, unified knowledge graph, and Smart Data Oracle mechanism, supporting smart contract calls of non-native tokens.
Dr. Feng (Jeff) Cao (CEO) joined us to answer CryptoRank community’s questions.
Is PI a utility token? Why should users invest PI?
PI is a utility token same as ETH in Etherum. I think the most important reason to buy PI is the innovation of PCHAIN achieved and the capability of large-scale applications.
Security, scalability, data privacy are very important how did you handle these issues?
Security is quite important. In our supernodes, the private key for consensus is different from the key for PI token. We invent a safe delegation mechanism. Your PI doesn’t need to transfer to the supernodes.
Scalability of blockchain is one of the main aspects! So, What’s the current maximum TPS PCHAIN has achieved yet?
We already built the mainnet with the capability to support 256 child chains and high TPS. As we support EVM with high scalability, more and more biz applications are using PCHAIN. For PCHAIN performance, we achieved 120k TPS with 1064 nodes in our testnet 1.0. In our mainnet, the theoretical TPS is 180k with 256 child chains.
PCHAIN has Big Data and AI stage in its roadmap of June 2019 but it’s been delayed and not announced publicly as well. Will you tell us why it’s been delayed and when its gonna implemented on PCHAIN mainnet because Big Data and AI are what makes PCHAIN worthy?
We don’t delay on smart data. We have done several top workshops in ACM and IEEE top conference. We continuously expand our smart data partnership. And we will announce a new smart data partnership in the near future with a city-level organization.
What role do your partners play in the ecosystem of PChain and what benefits do they have for being a partner?
We already achieved many partnerships with over 30 organizations，such as CFCA the largest CA provider in China 99% of banks using their CA solution. We also partner with a top taxi company in China before. We will announce a new partnership in the near future.
Is it true that Google incubator Plug & Play invested in PCHAIN?
Yes. We are the 1st public chain invested by Plug & Play in Asia.
Do you plan to support exclusive platforms in countries with a good-infra Internet and a very large population? For example, countries like China. China is so regulated that YouTube is impossible, so I wonder what you think about this market.
For the market, we are an international project. So we need to ensure compliance problems in various countries. The good news is China is becoming more and more open in this area.
As I know, EVM is not a mature design of software, it’s still an early stage. So what is your long-term vision of PCHAIN?
EVM is not that mature, but it still the most popular engine to support smart contracts. PCHAIN will continue to support the latest EVM. PCHAIN is a real workable large scale platform to support EVM.
Will investors can believe that there always have a strong demand for PCHAIN so that the price will increase in the long term?
More and more partners became to realize this. And they are seeking collaboration with us. The more important thing is we support cross-chain capability at the same time. This is a very interesting and unique combined feature.
Can you explain to us how does PCHAIN plans on tackling scalability and can you list a list of utility PCHAIN has?
We have our innovative PDBFT consensus algorithm which reduced the communication cost from N^2 to N. And we can support 256 child chains to generate blocks in the para way.
What monitoring systems do PChain use to alert serious issues?
We built an internal system to monitor our system. It will send email alert automatically whenever there are some problems.
What is the Roadmap for the next six and twelve months? What use cases or challenges are you trying to solve?
We will announce our Roadmap in 2020. The key will be cross-chain and smart data.
The CryptoRank Team would like to thank Jeff Cao for taking the time to answer questions from our Community.
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