Paralink Network (PARA) Ethereum

Paralink Network (PARA) is a multi-chain oracle platform for DeFi and blockchain applications. The platform is built on Polkadot and uses the InterPlanetary File System (IPFS). The Paralink project stands out from the rest by sourcing data through the Paralink Query Language (PQL), which increases transaction speed, finds verifiable data in databases, websites, traditional APIs and receives information from other blockchains.
Developers have the option to create requests themselves and connect smart contracts to the API, and users have the option to receive important real-world data (sports, weather, shares, currency and more). The platform receives data for DeFi applications, currently focusing on the limitations of blockchain applications and delivering a high level of security.
Paralink technology has been in development since Q2 2020. It is designed to solve the oracle problem – blockchain applications can only access the state via public interfaces on the same chain, limiting access to real world data. Paralink wants to make it easier for distribution systems to interact with each other and the real world, where Polkadot acts as a supporting structure for integration. The functionality that is available on the Paralink platform is implemented via open source software – the Paralink node.