PCHAIN 2.0 Development Roadmap
Making large scale blockchain enterprise applications possible.
We are thrilled to announce PCHAIN 2.0 Development Roadmap for 2021 and 2022. The below infographic highlights the upcoming developments from PCHAIN 2.0 and their target deliverable timelines.
Rebrand
2021 will be the year blockchain use in enterprises will go mainstream and PCHAIN 2.0 is positioned to play a central role in this development.
A new name, logo, website, design, documentation, etc. will be created to signal the transition to a new phase in the minds of users, clients, investors, competitors, and other PCHAIN 2.0 stakeholders.
This new brand will gather all business units under one umbrella, highlight our unique selling points, define a complementary organisation and product offering to maximise crossover, synergies, and network effect.
Product Offering
PCHAIN Mainnet was launched on March 30th, 2019 with a unique multi-chain framework enabling large-scale enterprise applications on blockchain that provide smart contracts in a hybrid and fully interoperable ecosystem. With the PCHAIN public main chain at its core, public and private blockchains become interoperable allowing organisations to isolate and control sensitive data while still safely interacting with the world at large through an interoperable public blockchain.
This led to the signing of one public Commercial Child Chain (CCC): LAFOI Wine CCC (launched) and four private CCCs: Qiang Sheng Smart-e (launched), KINGGRID (delivered), Weida Group (signed) and GAC-INTERBEING LAB (signed), only one and a half years after launching the Mainnet.
More information on our Commercial Child Chain (CCC) operations can be found on the dedicated CCC tab of our website.
Moving forward PCHAIN 2.0 will launch generic enterprise blockchain products to scale its Commercial Child Chains (CCC) operations. These products will cover Enterprise DeFi, Enterprise Data, and Enterprise Baselining.
Based on feedback from our current enterprise pipeline, new core features (see dedicated section below for more details) such as ZK-Snarks and NFT will also be developed to complete our product offering.
The deployment of a fully decentralised exchange (DEX) and DApps Migrations Tools will facilitate the trading and migration of ERC20 Tokens and others token standards on PCHAIN 2.0.
Mainnet Upgrades
Maintaining a robust, high-speed consensus mechanism through multiple chains and dynamic shards with PCHAIN ’s revolutionary consensus algorithm (PDBFT) has been proven and fine-tuned since our Mainnet launch. After 10 upgrades (the next upgrade coming on January 4th, 2021), over 45 million blocks have been mined on both the main and child chain 1. This march toward stability proves the PCHAIN solution to the blockchain trilemma has become a reality and PCHAIN will now focus on blockchain adoption.
Get Plian’s stories in your inbox
Join Medium for free to get updates from this writer.
PCHAIN 2.0 Mainnet Upgrades will now focus on bringing further stability, user-friendliness, and automation to our network to empower a growing hybrid ecosystem of large scale blockchain enterprise applications.
Developers
Development effort over the past few years has been focused on core protocols and patented technologies related to PDBFT consensus, cross-chain protocols, EVM, and data layer implementation.
With the foundation of our hybrid network now in place, we will focus on attracting and empowering a community of developers supporting the project and together grow the PCHAIN 2.0 ecosystem.
GitHub activity will become a key metric to evaluate and scale our blockchain performance while giving potential users, clients, investors and partners more confidence in our project.
Community
We will continue our community-driven monetary policy with more buy-backs on exchanges that have been financed by our private Enterprise Commercial Child Chains. These 50m PI monthly burns, which initiated in August 2020, will continue until we reach the milestone of 500m PI total burned.
In addition, once our decentralised ecosystem and consensus mechanism has matured, we will initiate a DAO alongside structural changes to strengthen our community driven monetary policy. To this effect, a Treasury Fund will be created, funded by PI buy-backs, slashing, punishment mechanisms, along with a restructured Transaction Fee to create synergies across the entire PCHAIN 2.0 ecosystem. Finally, at the request of the stakeholders, a sophisticated governance mechanism will be implemented that allows the network to evolve gracefully over time with the stated goal of ensuring that the staked PI, and those it represents, can always command the direction and development of the network.
New Core Features
Non-fungible tokens (NFT) and zk-SNARKs combined with PCHAIN 2.0 hybrid multi-chain framework will bring privacy and scalability to Enterprise DeFi by enabling private smart contracts, high scalability, and the ability to tokenise both fungible and non-fungible assets.
PCHAIN 2.0 will also be compatible with both EVM and WASM virtual machines. WASM supports multiple languages ( C/C++/RUST/Go and others) to write smart contracts and compile them into WASM format bytecode. The application layer of PCHAIN 2.0 will be richer and the barrier to entry lower, making development accessible to more developers.
Cross-Chain
Enabling cross-chain transactions are the key to scalability and opening the door to interoperability. PCHAIN has established itself as a true multi-chain application environment by enabling cross-chain registries and cross-chain data computation. This technology has enabled PCHAIN and enterprises to also build applications utilising data from private child chains or external blockchains and secure it on the PCHAIN main chain.
Native EVM, PCHAIN already has a bridge to Ethereum allowing any Ethereum smart contracts to interact with the PCHAIN network. Moving forward, PCHAIN 2.0 will carefully build additional bridges to extend its ecosystem to selected public, private, hybrid, smart contract, and transactional blockchains.
Learn More
Join the discussion on Telegram or follow us on Twitter. Learn more about PCHAIN in our White Paper and our website. Looking to launch a node or stake on PCHAIN? Join our our Tech Telegram and check our Docs.
