Parsiq platform revealed in a tweet that it will debut its Tsunami API in July 2022. The big step toward creating a new benchmark for Web3 backbone data and boosting organizational trust in the “wild west” DeFi.
What is Parsiq blockchain?
Parsiq (PRQ), a blockchain development system established in 2018, enables programmers to create blockchain apps that instantly move data between on-chain and off-chain sources and provide end-users with transaction notifications. With PARSIQ, you can monitor and safeguard DeFi applications, connect blockchain activities to off-chain applications and devices, create custom event triggers, and power real-time automated systems.
What does the Parsiq platform do?
The phrase “parsing,” which refers to taking data from one origin and delivering it to a database, is where the name “Parsiq” comes from. The platform is blockchain-neutral since it can sync data from various blockchain systems, such as Bitcoin, Ethereum, Algorand (ALGO), Dash (DASH), and much more to come. Developers can extract data by using Webhooks to build their own unique APIs or by selecting one of the presets for data transfer to Telegram, Google Sheets, and Discord.
What is Tsunami API?
The PARSIQ Network’s primary API is called the Tsunami API, and it can provide data in less than a second for more than 6,288,000,000 transactions. Web3 dApps and networks have access to all of the information on a specific blockchain because of Tsunami. Its clients will be able to track whatever events, metrics, or statistics they want by having access to raw data, both in real-time and in the past, such as TVL, liquidity, present and past token values, user accounts, and more.
What is tsunami PRQ token utility?
· Staking & Yield: Owners of $PRQ can stake their coins and earn a profit.
· Tsunami Access: Access to the tsunami will be controlled by $PRQ tokens.
· PRQ Renting: Customers will need to own $PRQ coins or borrow them from the $PRQ rental pool.
· The PARSIQ DAO: a location where holders of PRQs can express their ideas and vote with their stack on what should be done next.