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Paragon Network is a modular EVM-compatible Layer 1 blockchain platform designed to facilitate decentralized cloud computing services. It utilizes Delegated Proof-of-Stake (DPoS) consensus to ensure secure and efficient operations. Users gain on-demand access to computing resources, including processing power, storage, and networking. Emphasizing security through decentralized physical infrastructure networks (DePIN), Paragon also aims to tokenize its decentralized GPU network as a Real-World Asset (RWA). Supporting Optimistic and ZK rollups, the platform offers low-cost, censorship-resistant data availability services.
Paragon Network is a modular EVM-compatible Layer 1 blockchain platform designed to facilitate decentralized cloud computing services. It utilizes Delegated Proof-of-Stake (DPoS) consensus to ensure secure and efficient operations. Users gain on-demand access to computing resources, including processing power, storage, and networking. Emphasizing security through decentralized physical infrastructure networks (DePIN), Paragon also aims to tokenize its decentralized GPU network as a Real-World Asset (RWA). Supporting Optimistic and ZK rollups, the platform offers low-cost, censorship-resistant data availability services.
Paragon Network is a modular EVM-compatible Layer 1 blockchain infrastructure designed to facilitate decentralized cloud computing. Utilizing a Delegated Proof-of-Stake (DPoS) consensus mechanism, it enables secure, efficient operations. Its primary product is a decentralized cloud computing service offering on-demand access to virtualized computing resources like processing power, storage, and networking.
Paragon Network ensures security through its decentralized physical infrastructure networks (DePIN), which provide a robust framework for protection against centralized risks. Additionally, by supporting Optimistic and ZK rollups, it offers low-cost, censorship-resistant data availability, enhancing its security and reliability.
Users benefit from Paragon Network's decentralized cloud computing services by accessing a virtualized pool of computing resources, including processing power, storage, and networking, on-demand. This service enhances flexibility and scalability while leveraging decentralization for improved security and reduced censorship risks.
Compared to other Layer 1 solutions, Paragon Network stands out with its specialized focus on decentralized cloud computing and its use of Delegated Proof-of-Stake (DPoS) for efficient transaction processing. It also uniquely tokenizes decentralized GPU networks as Real-World Assets (RWA) and supports both Optimistic and ZK rollups.
Paragon Network is highly relevant due to its focus on decentralizing cloud computing, addressing the growing demand for secure, scalable blockchain-based infrastructure. By offering modular EVM compatibility and supporting advanced rollups, it aligns with the industry's shift towards cost-effective, censorship-resistant solutions.
Users experiencing issues with Paragon Network services should first consult the platform's support documentation and community forums for guidance. For unresolved problems, reaching out to customer support or participating in community discussions on channels like Discord may provide additional assistance.
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