PARLAY

BitcoinTalk Translation

HINDI l FILIPINO l INDONESIA l VIETNAMESE l TURKISH l KOREAN l GERMAN l ITALIAN l SPANISH l GREEK l RUSSIAN

Decentralized prediction game platform, powered by public

Website : https://parlaychain.io

Discord : https://discord.gg/CK38myY

Twitter : https://twitter.com/ParlayChain

Github : https://github.com/parlaychain/

Whitepaper : https://parlaychain.io/whitepaper.pdf

Parlay Wallet : https://www.parlaychain.io/wallet

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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 event-driven cryptocurrency which provides decentralized prediction game platform, operated by public community.
Parlay Chain adopts Proof of Stake (POS) 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.

Technical Detail

Prime Service
- Uses docker service in order to package all the requirements and the packaged Parlay system helps users to run PrimeNode easily.
- Includes automated installation and configuration with only few steps.
- Easy management system will helps to break down engineering barrier of conventional masternode.
Secured Scalability
- Hidden PrimeNode that dynamically turned on/off in regards to= transaction monitoring system.
- Whenever monitoring system detects overflowing and congestion of the network, the preliminary PrimeNodes temporarily support to validate transactions.
- This responsive auto-scaling system stabilizes the network and maximizes Parlay (PAR) holders’ rewards.

Parlay.Live (June 2018)
Parlay.Live is decentralized prediction game platform, operated by the public community.

Proposal on Community
- To support the network growth and stability, Parlay.Live provides the proposal right to users who support Parlay network service (PrimeNodes).
- Any PrimeNodes holder can post Parlay event on Parlay.Live and obtain incentives from Parlay.Live platform
- To censor the proper Parlay event, the committee examines and reviews Parlay pre-proposal. If the committee approves the event, Parlay Chain automatically enforces the event.
- Parlay Prize will be set by our budget system and will integrate with Parlay.Live.
Parlay event description including race, game, competition, and/or other future events.
- Parlay Prize : Type of prize (BTC/PAR) & reward size
- Parlay Fee : Event ticket price
- Parlay Period : Event participation period
GamePlay Detail
- In Parlay.Live prediction game, Parlayers pick the winners of three or more gameplay to win the Parlay Prize.
- 2018 Russia FIFA World Cup.
- Contribute your passion and fortune to make life become more entertaining and profitable.
Future Vision
- Event can be interpreted as more broad definition in Parlay community.
- Subsequently, the event will become a form of an election and/or governance decision on community opinion.
- The future of Parlay.Live system encourages community to post new events for multiple purposes.
- Parlay events can evolve into numerous forms mainly driven by its community members and Parlay holders.
- Parlay team urges to potentially expand and stimulate by the community and for the community.

Specifications

Symbol : PAR
Algorithm : Scrypt
Max supply : 30,000,000 PAR
Block Time : 90 secconds
Block Rewards : 20 PAR
- POW: Blocks 1-1,000, POS: Blocks 1,000+
- Inflation Adjustment : decrease 10% by every year until max supply
Reward Distribution :
- 60% : PrimeNode
- 40% : StakingNode
PrimeNode Collateral : 2,500 PAR
Premine : 0.5%
- Blocks 1-1,000
- will be used for bounties, exchanges listing, masternode listing, promotion campaign, and Parlay Prize