Pyrin PYI

1. Summary

Ranks

Liquidity

64

Developer

-

Social

11

Momentum (beta)

43

Stack Rank™

-

Price

$0.000238080000 +0.4%

Market Cap

$107,378.00 (#6677)

Supply

451.55M / 1.00B

Tags

Smart Contracts Layer 1 (L1)

More Metrics

Price
52W High price	$0.21
52W High date	24th Mar 2024 (1 year ago)
All Time High (ATH) Date	21st Mar 2024 (1 year ago)
ATH Price	$0.29
% From ATH	-99.91%
All Time Low (ATL) Date	5th Nov 2024 (5 months ago)
ATL Price	$0.000040080000
% From ATL	569.47%

Supply & Trading Volume
Trading Volume (24h)	$20,572.00
Total Supply	1.00B
Max Supply	1.00B
Circulating Supply	451.55M

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Description

Pyrin: Next-Generation Layer 1 Blockchain

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Pyrin: Next-Generation Layer 1 Blockchain

Pyrin is a decentralized layer 1 blockchain based on a BlockDAG framework, utilizing the innovative GhostDAG consensus protocol. This fair-launched blockchain integrates smart contracts and is secured by a resource-managing Proof of Work (PoW) algorithm called PAIW.

Features

• GhostDAG Consensus: Eliminates orphaned blocks, achieving near-instant transaction confirmation and enhancing security and scalability.
• Smart Contracts: Runs efficiently on the Pyrin Network, utilizing GhostDAG for scalable and low-latency applications.
• PAIW (Proof of AI Work): Leverages energy consumption to provide dual benefits, enhancing network security and creating new revenue models for miners.
• BlockDAG Framework: Enables parallel block creation and confirmation, ensuring high transaction volumes without compromising security or network performance.

Benefits

• High Throughput: Handles high transaction volumes efficiently, with an average of 300 transactions per second.
• Low Latency: Achieves transaction confirmation in under 10 seconds.
• Security: Ensures maximum security and decentralization through the combination of pure proof-of-work and GhostDAG consensus.
• Low Fees: Offers minimal transaction fees, averaging around $0.000025 per transaction.

Technological Advancements

• BLAKE3 Algorithm: An improved cryptographic hash with exceptional speed and security, used for fair coin distribution and mining.
• Scalability: Utilizes BlockDAG to enable parallel block creation and confirmation, ensuring high throughput without compromising security.

Summary

Pyrin is a next-generation decentralized transaction network that enhances decentralization, introduces smart contracts, and pioneers innovative resource management. Its cutting-edge consensus mechanisms and advanced cryptographic hash ensure high performance and security, making it a promising blockchain project.

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