Parity Protocol
{"type": "project", "title": "Parity Protocol", "logoImg": "bafkreihasqanrlxh2bawfbue2rupehcgc75dw72iebojtwozg2mapsijku", "website": "https://blitlabs.xyz/", "bannerImg": "bafkreih6djlffqz5wzt3wquyhbpn5x4uacvwtb7kzuujkkx2sqsqr6dtmy", "createdAt": 1743356717631, "userGithub": "Arya-A-Nair", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"type": "EthereumEip712Signature2021", "created": "2025-03-30T17:39:50.393Z", "@context": "https://w3id.org/security/suites/eip712sig-2021/v1", "proofValue": "0x47d71bce76ac4ea179773b955ef04996e4c285b13c10d577b1582d630b0498f173caa7af1ec8108c6a07590f4dccfd03d27bf830a8921aa8e3f3e532c2b054501c", "eip712Domain": {"types": {"Proof": [{"name": "@context", "type": "string"}, {"name": "created", "type": "string"}, {"name": "proofPurpose", "type": "string"}, {"name": "type", "type": "string"}, {"name": "verificationMethod", "type": "string"}], "@context": [{"name": "nullifiers", "type": "NullifiersContext"}, {"name": "provider", "type": "string"}], "Document": [{"name": "@context", "type": "string[]"}, {"name": "credentialSubject", "type": "CredentialSubject"}, {"name": "expirationDate", "type": "string"}, {"name": "issuanceDate", "type": "string"}, {"name": "issuer", "type": "string"}, {"name": "proof", "type": "Proof"}, {"name": "type", "type": "string[]"}], "EIP712Domain": [{"name": "name", "type": "string"}], "CredentialSubject": [{"name": "@context", "type": "@context"}, {"name": "nullifiers", "type": "string[]"}, {"name": "id", "type": "string"}, {"name": "provider", "type": "string"}], "NullifiersContext": [{"name": "@container", "type": "string"}, {"name": "@type", "type": "string"}]}, "domain": {"name": "VerifiableCredential"}, "primaryType": "Document"}, "proofPurpose": "assertionMethod", "verificationMethod": "did:ethr:0xd6f8d6ca86aa01e551a311d670a0d1bd8577e5fb#controller"}, "issuer": "did:ethr:0xd6f8d6ca86aa01e551a311d670a0d1bd8577e5fb", "@context": ["https://www.w3.org/2018/credentials/v1", "https://w3id.org/vc/status-list/2021/v1"], "issuanceDate": "2025-03-30T17:39:50.393Z", "expirationDate": "2025-06-28T17:39:50.393Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x1fFad62Ff966C6d230724801e8308cA381da7d27", "@context": {"provider": "https://schema.org/Text", "nullifiers": {"@type": "https://schema.org/Text", "@container": "@list"}}, "provider": "ClearTextGithubOrg#theblitlabs#77779003", "nullifiers": ["v0.0.0:Dr7lC5OUwE6a+PaeqVsYbazqbQzt18GghaSQRA4/6eg="]}}}, "description": "### **Parity Protocol: Decentralized Compute for Everyone**  \n\n#### **What is Parity Protocol?**  \nParity Protocol is a **decentralized compute network** that allows anyone with a computer to **rent out their unused processing power** and earn crypto rewards. Instead of relying on centralized cloud providers, Parity enables individuals to **contribute their idle compute resources** to execute tasks submitted by users—creating a distributed, trustless alternative to AWS Lambda.  \n\n#### **How It Works:**  \n- **Task Allocation:** A central allocation server manages task distribution, but **execution happens on any volunteer's system**—whether it’s a high-end workstation or an everyday laptop.  \n- **Task Execution:** When a task (like running a Docker container) is submitted, it gets broadcasted across the network.  \n- **Competitive Processing:** Multiple runners attempt to execute the task.  \n- **Validation & Rewards:**  \n  - The **fastest executor** receives the highest payout in **PAR tokens**.  \n  - The **second-fastest executor** acts as a verifier. If their output matches the fastest executor’s result, rewards are distributed.  \n  - If the outputs don’t match, additional verification steps ensure correctness.  \n\n#### **Why It Matters?**  \nMany people use their computers for lightweight tasks like **browsing, coding, or office work**, while their hardware is capable of much more. Parity **unlocks this underutilized potential**, allowing users to **monetize their idle compute power** while providing affordable, distributed computing to developers and researchers.  \n\nBy creating an **open, decentralized, and community-powered compute layer**, Parity Protocol democratizes cloud computing—reducing reliance on Big Tech while fostering **a fairer, more accessible digital economy**.  \n", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "theblitlabs", "projectTwitter": "labsblit"}