- PARSIQ have built-in help for Polkadot Relay Chain
- The PARSIQ platform screens blockchain exercise and sends data to off-chain programs when sure circumstances are met
- Customers can arrange “good triggers” that ship data when activated
PARSIQ integrates Polkadot Relay Chain
PARSIQ, a platform the place customers can deliver knowledge from on-chain exercise to off-chain purposes, has built-in help for the Polkadot Relay Chain. The Polkadot Relay Chain is the primary blockchain of Polkadot – it manages consensus and permits totally different Polkadot parachains to interoperate.
Customers can now deploy good triggers on PARSIQ that monitor exercise on the Polkadot Relay Chain after which ship related data to off-chain programs. For instance, PARSIQ could possibly be used to arrange a wise set off that screens a sure Polkadot deal with and sends a notification to a Telegram channel when the deal with sends 1,000 DOT or extra.
In fact, the platform additionally permits for far more complicated purposes, and PARSIQ can be utilized in areas like compliance, accounting and superior analytics. PARSIQ will also be leveraged by merchants, as they’ll set their good triggers as much as ship alerts about arbitrage alternatives or different related market data.
The best way PARSIQ extracts knowledge from blockchain is custom-made for every supported blockchain, permitting for real-time processing of huge quantities of information. Right here’s how the PARSIQ staff explains the product:
“PARSIQ, moderately than being a sequence itself, is the bridge between the chains and between off-chain purposes too. Builders can construct their very own good triggers utilizing PARSIQ. These good triggers react to occasions, plus they can retailer and alter knowledge and in addition to study from the info as they develop.”
With instruments like PARSIQ and Chainlink introducing help for Polkadot, the platform will turn into extra enticing to builders, as they’ll have the ability to construct extra versatile purposes that bridge the worlds of Internet 3.0 and Internet 2.0.
Along with the Polkadot Relay Chain, PARSIQ additionally helps different main chains like like Bitcoin, Ethereum, Binance Smart Chain, and Solana. The PARSIQ staff says that their help for a number of chains aligns with Polkadot’s imaginative and prescient of bridging many various blockchains which might be specialised for various use-cases.