Description
ParaState is a multi-chain smart contract platform that extends the frontier of Ethereum to the Polkadot ecosystem. It provides a high-performance, Ethereum-compatible environment (EVM and EWASM) for developers to build and deploy dApps using next-generation programming languages like Rust, C++, and Golang. By leveraging WasmEdge, a high-performance WebAssembly virtual machine, ParaState aims to solve the scalability and performance issues of the traditional Ethereum Virtual Machine (EVM), offering faster execution and lower gas fees. The platform supports all existing EVM applications and ERC standards, acting as a bridge between Ethereum, Polkadot, and other blockchains. ParaState operates as a decentralized autonomous organization (DAO), funded by its native STATE token and license fees, targeting sectors like DeFi, Gaming, and Metaverses.