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Parallel Finance
PARA
Parallel Finance operates as a layer 2 scaling solution on Ethereum, utilizing Arbitrum’s Nitro stack to create an EVM-compatible Parallel Chain. This optimistic rollup network ensures faster and more cost-effective transactions, inheriting security features from Ethereum, and introduces innovations like gas fee sponsorship and a WebAssembly execution environment through Arbitrum Stylus.
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Parallel Finance
PARA
Parallel Finance operates as a layer 2 scaling solution on Ethereum, utilizing Arbitrum’s Nitro stack to create an EVM-compatible Parallel Chain. This optimistic rollup network ensures faster and more cost-effective transactions, inheriting security features from Ethereum, and introduces innovations like gas fee sponsorship and a WebAssembly execution environment through Arbitrum Stylus.
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