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Supra Partners #56 – SupraOracles supports powerful developer toolkit ParaState to enable Ethereum smart contracts on Substrate

December 06, 2021 - 3 min read

ParaState enables developers to write Ethereum-compatible smart contracts on Substrate, allowing these smart contracts to experience higher TPS (transactions per second) than other Ethereum-based smart contracts. Its open-source developer toolkit supports 20+ programming languages, including Rust, Solidity, Fe, JavaScript, and more. Parastate’s Pallet SSVM (smart contract virtual machine) empowers any Substrate blockchain to be Ethereum-compatible. The Pallet SSVM is highly endorsed by WebAssembly and the Web3 Foundation.

Parastate has chosen SupraOracles to integrate our data warehouse with its runtime pallet, for the purpose of providing fast, reliable, and accurate data feeds on parachains that wish to realize Ethereum compatibility using ParaState. This partnership is a powerhouse in its very nature. ParaState enables smart contracts to enjoy higher TPS without compromising on blockchain compatibility. Meanwhile, SurpaOracles promises fast data feeds to allow smart contracts built with ParaState to take advantage of higher TPS without compromising on security and accuracy. 

Marco Chen, Co-founder of ParaState commented:
“SupraOracles looks to be a market leader in the oracle space with significant potential to disrupt the current incumbents. The depth of their robust features clearly demarcates the beginning of a new era. We were most impressed by their speed and liveness guarantees, which will be crucial in servicing the dApps that sit on ParaState.”

Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“The ParaState team includes Substrate Ambassadors, needless to say, they are highly knowledgeable in their technical approach. Many technical frameworks within the blockchain space implies that there must be trade-offs between speed and compatibility, but ParaState has found a way to allow smart contracts to achieve both.”  

About SupraOracles

SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility. 

Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi. 

Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance. 

Join SupraOracles’ community:
Website | Twitter | Telegram | LinkedIn | Announcements | Medium

About ParaState

Known as Ethereum on steroids, ParaState is a multi-chain smart contract platform bridging the application and developer ecosystem between Polkadot, Substrate, and Ethereum, as well as other chains wanting to provide Ethereum compatibility. While supporting the EVM pallet to provide seamless compatibility with all existing Ethereum applications, ParaState also provides developers with a next-gen smart contract implementation environment, Ethereum-flavored WebAssembly. These two infrastructures are ensured to talk to each other and share the same account system on ParaState.

Join ParaState’s community:
Website | Twitter | Telegram | Discord | Facebook | Github | Blog

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