PALLETOpenPallet allows inter-chain transactions by decoupling contracts from blockchains. Instead of forcing all contracts onto one chain, Pallet offers a Jury per contract, and hence the scalability.
Pallet stake mechanism minimizes rogueness through proper rewards and penalties in the ecosystem.
The key to reach scalability is "one contract, one Jury". We use a participant-based design to achieve the consensus.
Using zero knowledge proof to provide enhanced privacy
Coin refined from Bitcoin
A cryptocurrency featuring smart contract
Most widely used cryptocurrency
A cryptocurrency featuring zero transaction fee
Pallet is versatile in deploying a contract for your Initial Coin Offering. Pallet smart contract can receive tokens from BTC, ETH, and tokens from any supported chain.
Traditionally, we need to rely on centralized exchanges to ensure we can exchange safely.
Using Pallet contract, you can build your own exchange. Exchange your bitcoin, ethereum, etc with others safely.
Pallet support inter-chain asset interaction. Based on this characteristics, developers can write their own contract to create all kinds of financial derivatives on blockchain and cryptocurrencies.
With enhanced privacy
Refined from Bitcoin
Smart contract
Most widely used coin
Pallet decouples contract execution from underlying blockchains. Contracts are executed on the decoupled contract verifiers, called Jury, which keeps the contract states.
One Jury per contract, instead of one blockchain for all contracts. Different Pallet contracts run independently.
Pallet consensus protocol uses stake mechanism to incentivize good behaviors and punish scams. Also, Pallet utilizes LLVM-family tools such as compile-time analyses and runtime sanitizers to catch errors and threats in contract execution.
Pallet supports simplified popular languages and outputs LLVM bitcodes. Writing a contract is less error-prone, thanking to restricted yet familiar language frontends.
Differences with other inter-chain solution?
Most recent solutions deal with blockchain interoperability by building one trustable adapter for each pair of chains. One popular adapter can be the inter-chain that consists of fully replicated nodes running the same consensus protocol. In comparison, Pallet bridges one chain with others through a decoupled, lightweight, and meta-level smart contract layer. The consensus is reached among the Jurors selected before the contract execution. Jurors responsible for execution have the contract states.
Which blockchain does pallet support?
Many new blockchains are forked from Bitcoin and Ethereum. We are starting with Bitcoin and Ethereum, and then move to other popular blockchains as soon as possible. We encourage community developers to contribute to the bridge with other chains.
What do you mean by decoupling contract?
Decoupling Contract means that the contract execution is decoupled from the blockchain beneath and is done at Pallet level. After execution, contract states are stored in the Jury and/or the blockchain beneath.
Is there any video to show how Pallet protocol works?
A preliminary video is here.
pallet.ioPOSP (Pallet Open Source Project) does not engage in commercial activities.
