What is Pirl 2.0 and what changes will come to the Pirl network

Against the background of an unstable, weakly growing market, as well as against the background of the “closure” of many projects, the work of teams stands out, which, even in adverse conditions, continue to develop and implement new functions in their projects, develop infrastructure and promote. One such team is the Pirl project team. Proof of this is the launch of PirlChat and the emergence of its own mobile wallet. Acting in line with the development of the project, the Pirl team announced Pirl 2.0.

Why Pirl 2.0 and network changes?

  • Network scaling with a theoretically unlimited side chain.

  • Increased transactions per second from 15 to 1500 per chain (and sidechain).

  • Reducing the block time will make the Dapp more responsive.

  • On-chain voting - voting directly on the chain.

  • Strengthening the impact of Pirl.

  • Interoperability with other environments/blockchains.

  • Pirl's infrastructure will be more salable.

  • Improved security: each application will be separated into its own chain, each chain will have its own set of validator masternodes that will passively reward transaction fees.

  • Apply security and encryption at the protocol level (for example: encryption of PirlChat messages).

  • Completion of Direct Transaction (reduction of payment time).

The current chain will remain alive for a certain period of time to: allow the change and development of the EVM, allow the transfer of applications to the new chain, continue issuing new coins in accordance with monetary policy.

After this period, Poseidon HUB will become the main chain, minting Pirl, POW chain will be disabled. The EVM will be implemented in the HUB so that users can use smart contracts. During the transition period, developers will have time to adapt.

Premium, Storage or Content masternode owners will move to a new network that provides interconnection and easy sale of services/storage. The reward scheme will remain the same as the current one, they will be rewarded per block.

To “move” coins to a new chain, a smart contract will be implemented. The user will need to lock in a smart contract currently owned by Pirl in order to be able to receive minted coins in Poseidon HUB. Poseidon HUB will support the current masternode network. The reward scheme will be the same as for the current network.

PirlChat will use Marlin's cross-chain service to provide secure document exchange. The PirlChat chain will have its own set of validators providing the high transactions per second (TX/S) required by the application. Transferring PirlChat to your own sidechain will allow you to sell this product of the company both on the branded and on your own sidechain (as a clone). Thus, the scalability of the network will be preserved. Each sidechain will also provide rewards and validators.

PirlPay/PirlEx - PirlPay Transactions will be implemented as a separate chain providing fast transactions for PirlPay.

A set of 100 validators will be deployed to maintain the network, these validators will require coins to be staked and will be rewarded. Moving each application to the side chain will increase the number of transactions per second (TX/s) (approximately 1500 tx/s).

All logos and trademarks mentioned are the property of their respective companies.

Information taken from the site https://pirl.io and other open sources.

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