Paragon Network Unveils Test Net, Showcasing Breakthrough Capabilities in Decentralized Computing

Excitement
fills
the
air
as
Paragon
Network,
the
pioneering
force
in
decentralized
computing,
announces
the
launch
of
its
highly
anticipated
Test
Net.
This
significant
milestone
marks
a
pivotal
moment
in
the
evolution
of
Paragon
Network,
as
it
solidifies
its
position
as
a
leader
in
the
realm
of
Layer-1
protocols
for
smart
contracts.

“We’re
thrilled
to
announce
that
our
Test
Net
is
now
live,
and
we
extend
our
gratitude
to
the
$PARA
community
for
their
patience,” says
a
representative
for
Paragon
Network. “Paragon
Network
stands
as
a
Layer-1
protocol
for
smart
contracts,
employing
a
sharded
proof-of-stake
(PoS)
system
capable
of
processing
up
to
1000
transactions
per
second.”

Paragon
Network
is
not
just
another
blockchain
project;
it’s
a
game-changer
in
the
world
of
decentralized
computing.
Combining
a
modular,
EVM-compatible
Layer
1
infrastructure
with
a
Delegated
Proof-of-Stake
(DPoS)
consensus
mechanism,
Paragon
Network
offers
users
unparalleled
security,
scalability,
and
accessibility.

The
Test
Net
rollout
showcases
Paragon
Network’s
commitment
to
innovation
and
excellence.
With
efficient
sharding
technology
at
its
core,
Paragon
Network
offers
unmatched
scalability
and
performance,
capable
of
processing
transactions
at
lightning
speed
while
maintaining
full
compatibility
with
Ethereum’s
infrastructure.

Transactions
within
Paragon
Network
aren’t
settled
directly
on
Ethereum.
However,
the
network
preserves
full
compatibility
with
Ethereum’s
infrastructure.
The
native
token
of
Paragon
Network,
$PARA,
facilitates
this
compatibility,
thanks
to
efficient
sharding
technology,
significantly
reducing
the
computational
demands
of
running
a
node
on
the
network.

As
Paragon
Network
gears
up
for
its
official
launch,
the
team
remains
focused
on
its
mission
to
establish
a
decentralized
chain
dedicated
to
distributing
cloud
computing
power
and
forming
the
Cloud
Computing
Alliance
(CCA).
By
hosting
all
other
cloud
computing
networks
on
ETH
and
migrating
them
to
#PARAGON,
Paragon
Network
aims
to
revolutionize
the
cloud
computing
industry.

“We’re
entering
an
exciting
new
era
of
decentralized
computing,
and
Paragon
Network
is
at
the
forefront
of
this
revolution,” concludes
the
Paragon
Network
team. “We
invite
enthusiasts,
developers,
and
enterprises
alike
to
join
us
on
this
journey
towards
a
future
powered
by
decentralized
technology.”

To
join
the
Paragon
Network
Test
Net
and
experience
the
future
of
decentralized
computing
firsthand,
use
the
following
information:

Paragon
Network
is
more
than
just
a
project;
it’s
a
movement
toward
a
future
where
decentralized
technology
is
accessible
to
everyone.
Join
us
as
we
revolutionize
the
world
of
cloud
computing
and
GPU
network
tokenization
with
Paragon
Network.

For
more
information
about
Paragon
Network
and
how
to
get
involved,
visit
Paragon
Network’s
official
website
at https://networkparagon.io/.
To
be
a
part
of
the
Paragon
Network
community, join
the
official
Telegram
channel
at https://t.me/Network_Paragon.

About
Paragon
Network

Paragon
Network
is
a
decentralized
computing
platform
that
aims
to
democratize
access
to
decentralized
technology.
With
its
modular,
EVM-compatible
Layer
1
infrastructure
and
DPoS
consensus
mechanism,
Paragon
Network
offers
users
unparalleled
security,
scalability,
and
accessibility.
By
integrating
Real-World
Assets
(RWA)
and
employing
AI-driven
security
measures,
Paragon
Network
is
revolutionizing
the
landscape
of
cloud
computing
and
GPU
network
tokenization.

Website | Telegram | Docs | DEXTools 

https://networkparagon.io/

Disclaimer:

The
information
provided
in
this
release
is
not
investment
advice,
financial
advice,
or
trading
advice.
It
is
recommended
that
you
practice
due
diligence
(including
consultation
with
a
professional
financial
advisor)
before
investing
or
trading
securities
and
cryptocurrency.