PChain: No need to redesign the wheel!
Scouring the internet for the latest and greatest projects and today I came across PChain, that takes an interesting take on what a blockchain can be and accomplish, looking through the teams site was impressive with a huge number of funding partners, a massive amount of information including the project and the team members that are making the project possible. Including their CEO Dr. Feng "Jeff" Cao, I tend to prefer video's so off I went to check youtube and sure enough the team had a great interview between the CEO and CryptoLove that was a great video that really gave Jeff a chance to expand on the project and go into what the project really wants to accomplish. I included the video below to make it easier to find, it's definitely one of the most informative interviews I've seen cryptolove do in a long time, and really shows that the CEO has a great grasp on his product and platform, he's much more than a paper-pushing exec for sure.
One of the smartest things that Jeff touched on is why the team chose to go with EVM for their Multichain solution instead of writing their own smart chain network, and he said "Why redesign the wheel?" and it's something I wish more projects would take note of. The Ethereum Virtual Machine (EVM) is open source, it's standardized and it's ready to use and yet we see so many other projects trying to redesign the wheel to add or change some underlying feature that in reality was working just fine when theirs much more important things to focus on.
By standardizing on EVM the team is able to take the time to select important far-reaching impactful features like the hierarchical sharding pipeline to handle overall consensus. Giving them a multilayer sharding mechanism to allow for pipeline design to greatly improve the performance of the main and micro chains. Having their priorities straight and reusing code and standards that have been industry staples, the team can focus on delivering a solid product. That's why in the interview they discuss the fact that the PChain team is the #1 asset earning transfer over blockchain, as well as the first blockchain patent in China AND the first financial blockchain prototype out of China an incredible list of achievements no doubt. All the way back in 2015, Jeff was working on the first patterns of blockchain development back with IBM. The fact is he's been part of the blockchain renaissance since the early days.
During the extensive interview, the PChain CEO goes into a lot of discussions on why the team has made many of their choices down the path to reach where they are now, from the choice to go with EVM, to the intricacies of why they chose to shift to a new type of Oracle mechanism that allows for a faster more adaptive way to access external chain data. So while the team may be choosing to not redesign the wheel for some features, the fact is the team has taken that time savings and put it into systems like the Panda selection algorithm for supernode fairness, and their new Oracle mechanism, all designed to improve the overall experience and fairness to the network and it's users over time.
In the interview they discuss the demo that the CEO did previously on youtube (showcased above and on their website). It's an interesting look at the state of the platform, and he once again touches on a lot of the decisions and factors that will play into the worldwide adoption of this type of multichain sharded platform and how the team has desided to tackle them. I like this video almost as much as the CryptoLove interview, because it's extensive and really showcases real datapoints and information that investors should be taking into account when they look for platforms to HODL and invest in. Having a platform especially a platform that solves problems (particularly the scaling issues) is one that people should be paying attention to.
The teams got an extensive social following and media team that seems to have their bases covered, you can check their many contact forms out below, as well as the whitepaper. Almost all the routes give a great bit of detail and go into further detail on the platform, I'd definitly take the time to watch the above videos to get a feel for the project and then head over to their site and social media for even more detailed information.
Telegram https://t.me/pchain_org
Website https://pchain.org/
Medium https://medium.com/@PCHAIN
Reddit https://www.reddit.com/r/Pchain_Org_Official/
Twitter https://twitter.com/pchain_org?lang=en
Whitepaper https://pchain.org/js/generic/web/viewer.html
Steemit https://steemit.com/@pchain