Parallel Network Airdrop

Updated October 4, 2024

About Parallel Network

Parallel Network is a Layer 2 scaling solution for Ethereum, leveraging Arbitrum’s Nitro stack for EVM compatibility, faster transactions, and reduced fees. Operating as an optimistic rollup, it ensures security via “fraud proofs” and inherits Ethereum’s security properties. The network supports WebAssembly and Arbitrum Stylus for smart contracts, enhancing speed and lowering gas fees. It also offers dynamic gas sponsorship for eligible transactions, with validators maintaining network integrity.

Why we choose Parallel Network?

We chose Parallel Network for its innovative approach to enhancing Ethereum scalability using Arbitrum’s Nitro stack. With $29M in funding from renowned backers like 8 Decimal Capital, Alameda Research, Blockchain Capital, Blockchange Ventures, and Breyer Capital, Parallel Network significantly reduces gas fees and improves transaction speeds. Its support for WebAssembly and dynamic gas sponsorship, along with its robust security via “fraud proofs,” make it a compelling Layer 2 solution.

Parallel Network Airdrop Guide

Parallel Network Airdrop Claim

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