Market Cap: $2.7382T -0.140%
Volume(24h): $44.5333B -40.250%
Fear & Greed Index:

22 - Extreme Fear

  • Market Cap: $2.7382T -0.140%
  • Volume(24h): $44.5333B -40.250%
  • Fear & Greed Index:
  • Market Cap: $2.7382T -0.140%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

One article to understand what the PARSIQ (PRQ) currency is

PARSIQ empowers users with real-time blockchain monitoring, ensuring security, optimizing decision-making, and unraveling valuable insights in the crypto sphere.

Dec 29, 2024 at 08:47 pm

Understanding the PARSIQ (PRQ) Cryptocurrency

Key Points:

  • Definition: What is PARSIQ?
  • Use Cases: How is PARSIQ utilized?
  • Technology: The underlying infrastructure of PARSIQ
  • Market Performance: Historical price action and market cap
  • Partnerships: Collaborations and integrations with other entities
  • Community: The growth and engagement of the PARSIQ community
  • Future Outlook: Potential developments and growth prospects

Definition: What is PARSIQ?

PARSIQ (PRQ) is a blockchain monitoring and event tracking platform that provides real-time data analytics and actionable insights for various applications in the cryptocurrency industry. It allows users to monitor critical events, set up alerts, and obtain meaningful insights from complex blockchain data.

Use Cases: How is PARSIQ Utilized?

  • Smart Contract Monitoring: Track and analyze the execution of smart contracts, ensuring their proper functioning and identifying any potential issues.
  • Token Activity Monitoring: Monitor the transfer of tokens, such as ERC-20 and BEP-20 tokens, providing insights into market activity and whale movements.
  • DeFi Event Tracking: Observe key DeFi events, including liquidity pool activity, lending protocol actions, and price fluctuations, helping users navigate the DeFi ecosystem.
  • Wallet Monitoring: Enhance security by monitoring wallet addresses for suspicious activity, detecting unauthorized transactions, and protecting digital assets.
  • API Integration: Leverage PARSIQ's robust APIs to integrate blockchain monitoring functionality into existing applications and services.

Technology: The Underlying Infrastructure of PARSIQ

  • Real-time Event Streaming: PARSIQ continuously monitors events on supported blockchains, delivering real-time data streams for instant analysis.
  • Cloud-Based Architecture: The platform is hosted on Amazon Web Services, ensuring scalability, reliability, and global accessibility.
  • Data Extraction Engine: Advanced algorithms extract and process blockchain data, converting it into structured and meaningful insights.
  • Dashboard and Analytics: Users can access a user-friendly dashboard and advanced analytics tools to visualize, analyze, and customize their monitoring data.

Market Performance: Historical Price Action and Market Cap

PARSIQ (PRQ) has experienced significant price fluctuations since its inception. The token reached its all-time high (ATH) of approximately $6.35 in February 2022, driven by strong community support and the growing demand for blockchain monitoring tools.

The current market capitalization of PRQ is approximately $150 million, placing it among the top 500 cryptocurrencies by market cap. The token's price is influenced by market sentiment, industry trends, and the overall performance of the cryptocurrency market.

Partnerships: Collaborations and Integrations with Other Entities

PARSIQ has established partnerships with various entities in the blockchain industry, including:

  • Chainlink Partnership: Integration with the Chainlink network, providing access to decentralized oracles for enhanced data security and immutability.
  • MetaMask Integration: Support for direct integration with MetaMask, the popular Ethereum wallet, empowering users with seamless monitoring capabilities.
  • Fireblocks Collaboration: Partnership with Fireblocks, a leading digital asset custody platform, to provide secure infrastructure for PARSIQ's monitoring services.

Community: The Growth and Engagement of the PARSIQ Community

PARSIQ has fostered a growing and engaged community of users, developers, and enthusiasts. The community actively participates in:

  • Online Forums: Dedicated forums allow for discussion, knowledge sharing, and support among community members.
  • Telegram Group: The official Telegram group provides a platform for real-time communication, project updates, and community interaction.
  • Social Media Channels: Regular updates, announcements, and insights are shared on PARSIQ's official social media channels, including Twitter, Facebook, and LinkedIn.

Future Outlook: Potential Developments and Growth Prospects

PARSIQ continues to evolve and expand its capabilities, with potential developments in the following areas:

  • Extended Blockchain Support: Exploring integrations with additional blockchain networks, such as Solana, Tezos, and Cardano, to enhance coverage and support for a broader range of applications.
  • Data Enrichment Services: Enhancing data analytics by partnering with data providers and integrating additional datasets, such as on-chain social media data and market sentiment indicators.
  • Custom Monitoring Solutions: Tailoring monitoring services to meet the specific needs of enterprises, developers, and institutions, providing tailored solutions for blockchain data analysis.

FAQs

Q: What is the primary function of PARSIQ?
A: PARSIQ is a blockchain monitoring platform that tracks events, analyzes data, and provides insights to enhance security, optimize decision-making, and streamline blockchain operations.

Q: What are the advantages of using PARSIQ for blockchain monitoring?
A: PARSIQ offers real-time data streaming, cloud-based infrastructure, advanced data extraction capabilities, and customizable analytics, enabling users to track events, detect anomalies, and gain valuable insights from blockchain data.

Q: What factors influence the price of PARSIQ (PRQ)?
A: The price of PRQ is influenced by market sentiment, industry trends, the overall cryptocurrency market performance, and the development progress and adoption of the PARSIQ platform.

Q: How can I get involved in the PARSIQ community?
A: You can join online forums, participate in the Telegram group, follow social media channels, and attend virtual events organized by PARSIQ to connect with the community and stay updated on the project's progress.

Q: What is the potential for the future growth of PARSIQ?
A: PARSIQ is actively expanding its capabilities through partnerships, exploring new blockchain integrations, and developing custom solutions, positioning itself for continued growth in the blockchain monitoring and analytics domain.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Related knowledge

Which cryptocurrency websites are good for beginners?

Which cryptocurrency websites are good for beginners?

Mar 14,2025 at 04:48pm

CoinbaseUser - friendly Interface: Coinbase offers a clean and intuitive interface that is easy for beginners to navigate. The platform is designed to be straightforward, with clear instructions for tasks like creating an account, depositing funds, and buying/selling cryptocurrencies. For example, when you log in, you are greeted with a dashboard that s...

How much will Bitcoin be worth in 2025

How much will Bitcoin be worth in 2025

Mar 14,2025 at 04:23pm

Predicting the value of Bitcoin in 2025 is an extremely complex task. Bitcoin, as the pioneer of cryptocurrencies, has a price influenced by a vast array of factors, ranging from market dynamics and technological advancements to regulatory changes and global economic conditions.Market Supply and DemandLimited Supply: Bitcoin has a capped supply of 21 mi...

How to issue an ERC-20 token?

How to issue an ERC-20 token?

Mar 15,2025 at 04:20pm

Key Points:Understanding the prerequisites for ERC-20 token creation.Choosing the right development environment and tools.Writing the smart contract code.Compiling and deploying the smart contract to the Ethereum network.Testing the deployed token thoroughly.Listing the token on exchanges (optional).How to Issue an ERC-20 Token?Issuing an ERC-20 token i...

What are the core functions of the smart contract of ERC-20 tokens?

What are the core functions of the smart contract of ERC-20 tokens?

Mar 15,2025 at 11:10am

Key Points:ERC-20 smart contracts define the core functionality of a token, enabling transferability, balance tracking, and allowance for delegated transfers.Beyond basic token mechanics, smart contracts can incorporate features like burning, minting, and pausing token transactions.Advanced functionalities may include integration with other DeFi protoco...

What are the main functions of ERC-20 tokens?

What are the main functions of ERC-20 tokens?

Mar 13,2025 at 12:21am

Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...

How are ERC-20 tokens created on the Ethereum blockchain?

How are ERC-20 tokens created on the Ethereum blockchain?

Mar 13,2025 at 01:30pm

Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...

Which cryptocurrency websites are good for beginners?

Which cryptocurrency websites are good for beginners?

Mar 14,2025 at 04:48pm

CoinbaseUser - friendly Interface: Coinbase offers a clean and intuitive interface that is easy for beginners to navigate. The platform is designed to be straightforward, with clear instructions for tasks like creating an account, depositing funds, and buying/selling cryptocurrencies. For example, when you log in, you are greeted with a dashboard that s...

How much will Bitcoin be worth in 2025

How much will Bitcoin be worth in 2025

Mar 14,2025 at 04:23pm

Predicting the value of Bitcoin in 2025 is an extremely complex task. Bitcoin, as the pioneer of cryptocurrencies, has a price influenced by a vast array of factors, ranging from market dynamics and technological advancements to regulatory changes and global economic conditions.Market Supply and DemandLimited Supply: Bitcoin has a capped supply of 21 mi...

How to issue an ERC-20 token?

How to issue an ERC-20 token?

Mar 15,2025 at 04:20pm

Key Points:Understanding the prerequisites for ERC-20 token creation.Choosing the right development environment and tools.Writing the smart contract code.Compiling and deploying the smart contract to the Ethereum network.Testing the deployed token thoroughly.Listing the token on exchanges (optional).How to Issue an ERC-20 Token?Issuing an ERC-20 token i...

What are the core functions of the smart contract of ERC-20 tokens?

What are the core functions of the smart contract of ERC-20 tokens?

Mar 15,2025 at 11:10am

Key Points:ERC-20 smart contracts define the core functionality of a token, enabling transferability, balance tracking, and allowance for delegated transfers.Beyond basic token mechanics, smart contracts can incorporate features like burning, minting, and pausing token transactions.Advanced functionalities may include integration with other DeFi protoco...

What are the main functions of ERC-20 tokens?

What are the main functions of ERC-20 tokens?

Mar 13,2025 at 12:21am

Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...

How are ERC-20 tokens created on the Ethereum blockchain?

How are ERC-20 tokens created on the Ethereum blockchain?

Mar 13,2025 at 01:30pm

Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...

See all articles

User not found or password invalid

Your input is correct