Parsiq(PRQ Coin) is a general purpose blockchain parsing and monitoring tool. The tool provides an analytical view of blockchain transaction history. It also provides real-time monitoring of accounts, transactions and related blockchain status. Parsiq uses big data analytics techniques and machine learning algorithms for advanced parsing and processing of transaction trees to provide detailed information on the movement of blockchain assets. The platform will eventually be used for multiple blockchains and implement a modular design designed to provide many applications for different use cases. At its core, Parsiq is about providing an open platform that is accessible and extensible to everyone. PARSIQ tokens (PRQ) are an important part of the PARSIQ platform and can coexist with fiat payments and use its services. Use PRQ tokens to make payments within the platform and enjoy discounts. In the first Epoch, when PRQ tokens were used to run payments for smart-trigger(a smart contract deployed in the PARSIQ environment), users would receive higher quotas, unlock transport methods and be able to make suggestions for platform features. PARSIQ addresses the lack of availability of monitoring and analysis tools in the cryptocurrency and blockchain ecosystem. Information on digital assets and transactions is hard to come by as assets and financial infrastructure are restructured in the shift from centralized to untrusted decentralized structures. This is partly due to the pseudo-anonymity of most blockchains, but mainly due to a lack of tooling support. PARSIQ addresses this lack of tool support by providing a comprehensive modular blockchain analytics platform. Implemented as a hybrid of centralized and distributed components, the system combines high-performance transaction backlog processing services with real-time decentralized monitoring of unverified transactions. At the lowest level, PARSIQ monitors individual blockchains in real time, providing transaction playback through detection virtual machines that can classify transactions into event types. The generated events can be used for forensics and analysis purposes or as triggers for user-specific real-time monitoring services.

Make PARSIQ a seamless bridge from blockchain to the real world.

Blockchain transactions can occur in near real time and occur once each block is identified. However, not all platforms provide a way to monitor these transactions, especially for wallets that are offline or managed on platforms that don't provide instant notification. As a result, users may not receive real-time notifications if they receive funds or tokens on their encrypted address, or if there are other movements or transactions. There may be ways to monitor activity on your address, but checking for that activity may still require manual intervention or you must constantly check for activity. For anyone with crypto assets, transactions, or any transaction on the blockchain, a smart way to ensure transaction integrity is to get real-time notifications on whatever platform the user likes, such as email, SMS, or Telegram messaging apps. With automated monitoring of a user's crypto assets, these alerts can provide much-needed information about when a transaction occurs -- and can even be configured to detect blockchain activity earliest at the memory pool level, meaning users can get alerts even before transactions on the blockchain are fully confirmed.

PARSIQ provides full-featured, easy-to-use smart triggers for small businesses and individuals, and a dedicated infrastructure for large enterprises that support full customization of their monitors. The PRQ project implementation mechanism PARSIQ connects blockchain activities to applications and devices below the chain. Its proprietary programming language, ParsiQL, helps users monitor and interpret on-chain data flows. The most obvious use of the platform is to monitor the wallet movements of traders and ordinary users, but there are also less obvious cases where financial institutions and DeFi projects use the PARSIQ infrastructure to improve security, conduct audits, conduct compliance reviews, and expand workflows. PARSIQ rapid monitoring using simple and intuitive drag-and-drop interface, users only need to click the mouse, the specified cryptographic address, can create their own notification system, still can continue to add risk score, set up the equivalent amount (as measured by fiat or BTC), and upload data to Google electronic watch or sent directly to the Telegram, subsequent operations.

PARSIQ connects blockchain activity to applications and devices below the chain. Its proprietary programming language, ParsiQL, helps users monitor and interpret on-chain data flows. The most obvious use of the platform is to monitor the wallet movements of traders and ordinary users, but there are also less obvious cases where financial institutions and DeFi projects use the PARSIQ infrastructure to improve security, conduct audits, conduct compliance reviews, and expand workflows. PARSIQ rapid monitoring using simple and intuitive drag-and-drop interface, users only need to click the mouse, the specified cryptographic address, can create their own notification system, still can continue to add risk score, set up the equivalent amount (as measured by fiat or BTC), and upload data to Google electronic watch or sent directly to the Telegram, subsequent operations.

PARSIQ tokens (PRQ) are an important part of the PARSIQ platform and can coexist with fiat payments and use its services. Use PRQ tokens to make payments within the platform and enjoy discounts. In the first Epoch, when PRQ tokens were used to run payments for smart-trigger(a smart contract deployed in the PARSIQ environment), users would receive higher quotas, unlock transport methods and be able to make suggestions for platform features.

The core algorithm is Ethash.

Parsiq is a blockchain platform for turning data into action. It is the common middleware layer (glue) between blockchain and the real world. It solves the problem of connectivity between isolated decentralized blockchain and the centralized components that most people around the world use every day. 2. The Parsiq platform allows for mass monitoring of anything happening on different blockchains and building automated workflows on top of it. Users can automatically retrieve on-chain data in real time, transform and enrich it with off-chain data, triggering reactions based on data in any application, device, or system that exists outside the blockchain. 3. Parsiq takes real-time blockchain data at scale, converts it dynamically, combines off-chain data sets (both public and proprietary), and delivers this data to off-chain applications or selected devices to trigger further operations in the real world. 4. Smart triggers are one of the core concepts of the Parsiq platform. Smart triggers are essentially smart contracts deployed in the Parsiq environment for connecting up and down the blockchain.

Real-time and scale: The digital currency market is changing rapidly, time is money, PARSIQ is based on big data technology, real-time + scale monitoring of the blockchain world. Multi-chain solution: Different public chains and side chains in the blockchain world are related to each other and have some independence. PARSIQ supports multi-chain, not limited to a single chain, with rich scalability. Overlay computing is combined with real-time notification, and the concept of a custom intelligent trigger is introduced. Users can define their own filtering, transformation, and aggregation logic for each aspect of the selected block chain.

Total Supply: 500,000,000 PRQ 50% - Token sale 25% - Retention 7.5% - Team (lock-up period 1 year) 7.5% - Consulting team and other contributors (lock-up period 1 year) 10% - Market development

PARSIQ started as a blockchain analytics platform and has now moved beyond its earlier form to include custom blockchain-enabled automation and DeFi solutions as part of its offerings. With PARSIQ, users can monitor and map activity of off-chain devices and applications to any supported blockchain and create custom real-time event triggers for automation. With IQ, PARSIQ will also offer its customers the world's first risk-free, unsecured DeFi protocol to integrate DeFi solutions into their products. The fully open source IQ protocol has attracted interest from many DeFi projects looking to benefit from its unique token technology and participation requirements. Like several other blockchain projects, the IQ protocol is powered by PARSIQ's native PRQ token. The on-chain subscription model on the IQ protocol rewards long-term holders by determining the token-holder's eligibility for services and features based on the token-holding pattern. In addition, the IQ protocol introduces the concept of Power Tokens that, unlike traditional utility Tokens, generate utility over time, similar to utility subscription models. These tokens are organized into "Power Enterprises," a collection of smart contracts that manage their functionality. This includes proposal funding, governance and voting rights, and the ability to forge new Power Tokens. In addition, users can choose to borrow or rent PRQ from an IQ agreement company without any collateral. PRQ's unsecured lending is never seen before in a DeFi environment and is unique to IQ protocols. At the same time, PARSIQ's integration with numerous existing projects such as Solana, Ocean Protocol, Binance Smart Chain, etc., will enable IQ-based DeFi projects to efficiently consume various market-related data streams and trigger the necessary appropriate events using PARSIQ's intelligent triggering capabilities. In addition, these integrations will minimize the adverse impact of rising transaction fees on the Ethereum blockchain.

Users who offer PRQ/ETH liquidity with Uniswap will receive a liquidity incentive bonus as well as PRQBOOST, a new utility token offered by PARSIQ. This incentive was launched last October, and LP holders can get more incentives.

In fact, some projects are doing something like Parsiq, but not all of it. There are a number of data companies that allow customers to take data and create data. The difference is that, for one thing, Parsiq evaluates events as real-time events, rather than the blockchain as a store of historical data. Second, Parsiq allows a degree of programmability where customers can describe exactly how they want to process the data. Finally, Parsiq integrates directly with centralized applications. This allows you to transfer data or trigger an action directly. For traders, the simplest example is that if a trader owns some kind of digital asset token, the trader can set up alerts in case someone moves a large amount of the asset, or moves it to an exchange wallet or somewhere else, which helps them gain an advantage by making trading decisions. So they can make decisions about what to do, what to sell, or what assets to buy based on real-time on-chain activity.

Through the analysis of issues such as transparency, security and big data utilization in the current blockchain world, combined with the goals and directions of PARSIQ, it can be found that the direction PARSIQ focuses on has great potential, which can help reduce market manipulation and improve the transparency of blockchain transactions. We will find that The business of PARSIQ has made good progress when we verify the team composition, partners, application scenarios and other dimensions. At the token level, through the understanding of EPOCH 1.0 and 2.0, we can find that PRQ is not only a simple governance token, but also has increasingly diversified functions such as payment, transaction and lending, and there will be new EPOCH in the future. Taking all these factors into consideration, we have reason to believe that PARSIQ and PRQ will achieve better results in the future!

PARSIQ tokens (PRQ) are an important part of the PARSIQ platform and can coexist with fiat payments and use its services. Use PRQ tokens to make payments within the platform and enjoy discounts. In the first Epoch, when PRQ tokens were used to run payments for smart-trigger (a smart contract deployed in the PARSIQ environment), users would receive higher quotas, unlock transport methods and be able to make suggestions for platform features.

So far, PARSIQ has been successful, with more than 45,000 registered users creating more than 60,000 actively deployed Smart-Triggers. In addition, the network has processed more than $25 billion in transactions involving dozens of corporate partners and customers. In addition, the team completed an INITIAL coin offering in 2019 and is closing its Series A funding round this month. The potential B2B and B2C use cases brought by PARSIQ should not be overlooked. With its ease of use and powerful technology, developers, traders, and businesses can explore many different use cases, and continued partnerships with Aave, Solana, Binance, and others will help promote the widespread adoption of blockchain technology.

As with many encryption projects, one of the main risks of this project is that the adoption of the solution may be slow. While PARSIQ is a good product, it takes time for new technology to develop and gain more users. PARSIQ is just entering the active development and integration phase, so the project team may face many undiscovered issues.

As PARSIQ is integrated into more projects, the project is expected to adjust and optimize its token economy to only enhance token value capture. In short, the more metrics a user needs to monitor, the more PRQ tokens they need to hold. Corporate customers still have the opportunity to use fiat currency to pay for their expenses, but PARSIQ plans to use some of its profits to give back to the community by buying back PRQ tokens from the market. In the future, corporate customers may also need to hold a portion of PRQ tokens to use the app. Everything depends on the follow-up development of the project.