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Paralink Network is an innovative open-source oracle solution that aims to revolutionize the way data is accessed and utilized in the blockchain ecosystem. With a focus on popular blockchains such as Polkadot, Ethereum, and Binance Smart Chain, Paralink Network provides a decentralized and open-source oracle platform that gathers, validates, combines, and interpolates real-world datasets to feed them into smart contracts.

Traditionally, smart contracts have been limited in their applications due to their inability to access real-world data that exists outside of the blockchain. This includes data from APIs and the regular web. While previous attempts have been made to address this challenge, they have often been expensive and impractical for large-scale use.

Paralink Network aims to overcome these limitations by offering a secure and reliable ingress for real-world data in cross-chain applications. The platform utilizes self-organizing relayer quorums, which source, collect, and validate real-world information. This design principle ensures the integrity and accuracy of the data fed into the smart contracts.

Developers can leverage Paralink's flexible node design to query a wide range of real-world data, including events, sports, weather, random numbers, and more. With the Paralink Query Language, developers can easily create customized queries and connect smart contracts to standard web APIs in a matter of minutes, opening up endless possibilities for decentralized applications.

One of the key features of Paralink Network is its on-chain consensus mechanism, built on Polkadot Substrate. This mechanism provides a high level of security and coordination for applications that require utmost reliability. By utilizing the Polkadot Substrate framework, Paralink reduces the cost of coordination compared to performing the same calculations directly on Ethereum. Additionally, the platform offers high-quality hardware-based unpredictability through its entropy as a service, ensuring the integrity and randomness of the data.

The native token of the Paralink Network is PARA. This incentive token serves multiple purposes within the ecosystem. It is used for on-chain governance and coordination, allowing token holders to participate in the decision-making processes of the platform. Additionally, PARA covers the gas charges associated with call-backs on third-party blockchains, ensuring smooth and efficient data retrieval. Furthermore, adding PARA as a charge in a data request transaction rewards the relayer quorums for prioritizing and fulfilling the queries.

Established in 2020, Paralink Network has quickly gained recognition for its innovative approach to oracle solutions. With a total supply of 1 billion PARA coins, the platform is poised to disrupt the blockchain industry by bridging the gap between on-chain and real-world data, empowering developers, and unlocking new possibilities for decentralized applications.

In conclusion, Paralink Network is paving the way for a new era of blockchain applications by providing an open-source and decentralized oracle platform. By seamlessly integrating real-world data into smart contracts, Paralink enables developers to create innovative and reliable decentralized applications across popular blockchains. With the PARA token as the fuel for governance and coordination, Paralink Network is set to revolutionize the way data is accessed and utilized in the blockchain ecosystem.