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Readme.md

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# The ParallelChain Mainnet Protocol
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<div align="center">
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<h1>The ParallelChain Protocol</h1>
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<p>Version 0.4.0</p>
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</div>
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|Revision no.|Version no.|
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|0|0.4|
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This folder contains the specification for the ParallelChain Mainnet protocol, a protocol which maintains a Byzantine Fault Tolerant, Proof of Stake blockchain with programmability through WebAssembly smart contracts.
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This folder contains the specification for the ParallelChain (Mainnet) protocol, a protocol which maintains a Byzantine Fault Tolerant, Proof of Stake blockchain with programmability through WebAssembly smart contracts.
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ParallelChain Mainnet maintains a singular state called the [world state](World%20State.md), which takes the form of a set of “accounts”. Users modify this state by using an [RPC](RPC.md) API to send digitally-signed instructions called “transactions” into servers called “validators”. These validators batch transactions into blocks, and then link the blocks together to form a sequential history of transactions called a [blockchain](Blockchain.md). A component called the [runtime](Runtime.md) executes transactions, causing deterministic effects on the world state.
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## Copyright and license
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Copyright 2023, ParallelChain Lab.
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Copyright 2024, ParallelChain Lab.
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Licensed under the Apache License, Version 2.0: http://www.apache.org/licenses/LICENSE-2.0

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