Audience
Blockchain developers requiring a Layer 2 scaling solution to write Ethereum-compatible smart contracts
About ParaState
Write Ethereum-compatible smart contracts in popular programming languages, & run them much faster, on Substrate. A decentralized open source business model funded by developer treasuries on participating blockchains. All existing Ethereum smart contracts work on ParaState’s Ewasm VM (Pallet SSVM) without any change. ParaState expands the developer ecosystem by supporting 20+ programming languages to create Ethereum-compatible smart contracts. Examples include generic programming languages such as Solidity, Fe, Rust, and JavaScript, and domain-specific languages (DSLs) such as MOVE, DeepSEA, and Marlowe. Substrate-based blockchains, such as Polkadot parachains, already enjoy much higher TPS (transactions per second) than Ethereum. For a smart contract platform, compute performance is more important than TPS throughput. Try deploying smart contracts on ParaState.
Other Popular Alternatives & Related Software
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Cartesi
Build smart contracts with mainstream software stacks. Take a productive leap from Solidity to the vast universe of software components supported by Linux. Enable million-fold computational scalability, data availability of large files and low transaction costs. All while preserving the strong security guarantees of Ethereum. From games where players conceal their data to Enterprise applications that run on sensitive data, preserve privacy on your DApps. Descartes executes massive computational tasks off-chain, on a Linux virtual machine fully specified by a smart contract. The results of the computations are fully verifiable and enforceable on-chain by honest Descartes node runners, preserving the strong security guarantees of the underlying blockchain. Defeat the scalability limits of Ethereum, with million-fold computational gains, while preserving the strong security guarantees of the blockchain.
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BNB Smart Chain (BSC) is a blockchain platform developed by Binance, designed to enable decentralized applications (dApps) and smart contracts. It operates as a parallel chain to Binance Chain, combining high-speed transactions with the programmability of Ethereum-compatible smart contracts. BSC uses a Proof-of-Staked-Authority (PoSA) consensus mechanism, which enhances scalability and efficiency while reducing transaction costs. It is compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily port dApps and projects from Ethereum. BSC has become a popular choice for decentralized finance (DeFi), gaming, and NFT ecosystems, offering users a fast, low-cost, and secure platform for blockchain-based innovations.
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Hemi
Hemi is a breakthrough modular Layer-2 blockchain protocol that seamlessly merges Bitcoin’s rock-solid security with Ethereum’s versatile programmability by embedding a full Bitcoin node into an Ethereum-compatible EVM, known as the Hemi Virtual Machine (hVM). This architecture allows developers to write Solidity smart contracts that natively access Bitcoin data without relying on bridges or synthetic assets. Using its proprietary Proof-of-Proof (PoP) consensus, Hemi achieves “superfinality,” anchoring transactions in Bitcoin blocks for high integrity and resistance to reorgs, all while maintaining fast finality. Its Hemi Bitcoin Kit (hBK) gives developers the tools to build truly Bitcoin-powered DeFi applications, such as lending, staking, automated market makers, MEV systems, and multi-chain DAOs, using real BTC as collateral or yield sources.
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ParaState
Founded: 2020
www.parastate.io
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