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GEM Digital commits $50M to ParallelChain Lab for L1 protocol development

Coin Telegraph LogoCoin Telegraph1w ago

GEM Digital commits $50M to ParallelChain Lab for L1 protocol development - Coin Telegraph

Quick Summary:

As a proof-of-stake layer-1 protocol, ParallelChain intends to deliver an architecture that operates in confidentiality while allowing to validate transactions.

As Cointelegraph reported, Maple currently holds 50% of the institutional crypto lending market as measured by total loans outstanding.

The permissioned ParallelChain Enterprise, on the other hand, will ensure the secrecy of transactions using a patented Proof-of-Immutability mechanism.


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Article Details

Author / Journalist: Cointelegraph By Arijit Sarkar

Category: Crypto

Topics: Investments CeFi Tokens Launch Mainnet

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22, 14:00:00

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 2 minutes read

Article Length: 315 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 471549

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 25 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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