Blockchain Monitoring and Automation Platform PARSIQ Integrates Polkadot Relay Chain

Key highlights:

  • PARSIQ have built-in assist for Polkadot Relay Chain
  • The PARSIQ platform displays blockchain exercise and sends info to off-chain methods when sure situations are met
  • Customers can arrange “good triggers” that ship info when activated

PARSIQ integrates Polkadot Relay Chain

PARSIQ, a platform the place customers can carry knowledge from on-chain exercise to off-chain functions, has built-in assist for the Polkadot Relay Chain. The Polkadot Relay Chain is the primary blockchain of Polkadot – it manages consensus and permits totally different Polkadot parachains to interoperate. 

Customers can now deploy good triggers on PARSIQ that monitor exercise on the Polkadot Relay Chain after which ship related info to off-chain methods. For instance, PARSIQ may very well be used to arrange a wise set off that displays a sure Polkadot deal with and sends a notification to a Telegram channel when the deal with sends 1,000 DOT or extra. 

After all, the platform additionally permits for far more complicated functions, and PARSIQ can be utilized in areas like compliance, accounting and superior analytics. PARSIQ may also be leveraged by merchants, as they’ll set their good triggers as much as ship alerts about arbitrage alternatives or different related market info.

The way in which PARSIQ extracts knowledge from blockchain is custom-made for every supported blockchain, permitting for real-time processing of huge quantities of information. Right here’s how the PARSIQ workforce explains the product:

“PARSIQ, reasonably than being a sequence itself, is the bridge between the chains and between off-chain functions too. Builders can construct their very own good triggers utilizing PARSIQ. These good triggers react to occasions, plus they’re able to retailer and alter knowledge and in addition to be taught from the information as they develop.”

With instruments like PARSIQ and Chainlink introducing assist for Polkadot, the platform will develop into  extra enticing to builders, as they may be capable of construct extra versatile functions that bridge the worlds of Internet 3.0 and Internet 2.0.

Along with the Polkadot Relay Chain, PARSIQ additionally helps different main chains like like Bitcoin, Ethereum, Binance Good Chain, and Solana. The PARSIQ workforce says that their assist for a number of chains aligns with Polkadot’s imaginative and prescient of bridging many various blockchains which might be specialised for various use-cases.

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