What is it?
PChain presents itself as the first native multichain system to support Ethereum Virtual Machine allowing for large-scale blockchain applications.
How does it work?
Its key features include a native multichain platform using EVM allowing for one main chain and multiple derivative chains. PChain maintains consensus using a hierarchical sharding mechanism which assists with lower transaction times, fees and provides scalability. Initially, PChain supports BCH and ERC20 tokens to directly invoke Smart Contract however, the ultimate goal is for cross-chain architecture allowing for removed and side-chain to transact on the PChain protocol itself.
PChain also uses the Oracle to assist with Smart Contract data migration onto the blockchain using Smart Data which filters and sorts information for the Oracle. Smart Data incentivizes building dApps on PChain by combining its blockchain with Big Data and AI.