Parsiq (PRQ) is a blockchain development platform that allows developers to construct blockchain apps that transmit data between on-chain and off-chain in real time. Parsiq assists developers with connecting their blockchain DApps to devices, monitoring blockchain updates, creating custom events from smart contracts, developing DeFi apps, and creating automated bots. The platform supports several blockchains, and Parsiq's 50,000+ users have deployed over 150,000 apps.

PARSIQ bills itself as a next generation monitoring and intelligence platform, providing analytics solutions for blockchain technology across a wide range of businesses. Users may now watch network activity in real time, discover new use cases for their application, and send quick notifications. Smart Triggers may be used to respond to important events across many networks.

History

Tom Tirman, Andre Kalinowski, and Anatoly Ressin co-founded the initiative in 2018, while their PRQ token contract was rolled out on Ethereum in 2019. Tirman is the CEO of Parsiq and has vast expertise working in fintech and banking industries, according to the company's official website. He graduated from TalTech University in Tallinn, Estonia, with a law degree. Kalinowski holds a master's degree in cybersecurity and digital forensics and is a qualified engineer. He founded a venture capital fund focusing on cybersecurity-related technologies in 2016, with the objective of improving existing systems and discovering new ones. Ressin is the company's main blockchain architect, and before joining PARSIQ, he started his own software development firm, Blockvis. He has also worked on the creation of blockchain solutions with Civic and Deloitte.

How does it work

The name "Parsiq" is derived from the term "parsing," which refers to the process of extracting data from one source and transmitting it to a database. The platform can sync data from many blockchains, including Bitcoin, Ethereum, Algorand (ALGO), Dash (DASH), and others that will be added in the future, making it blockchain-agnostic. Developers may extract data by writing their own unique APIs using Webhooks or by utilizing one of the pre-sets for data transfer to Telegram, Google Sheets, and Discord.

The following are the technological aspects of the Parsiq platform:

Ncase is a native wallet and payment processor that allows developers to handle crypto payments on their website utilizing the platform, as well as store crypto assets.

Smart Triggers is a library of massive processes that integrate on-chain and off-chain data, enabling developers to connect centralized and decentralized systems.

ParsiQL, the platform's proprietary programming language, allows developers to construct several work streams on the platform.

Businesses utilize the PRQ token to pay for Parsiq services when they launch applications on their platform. On the IQ Space protocol, 50 million tokens out of 115 million tokens are now staked.

Total supply and circulation

Maximum supply for the PRQ is set to 500 million coins. The total supply at the moment is 310,256,872 coins, while only 171,675,031 coins are in circulation.