Parasol Launches zk-Powered Perpetuals Engine on Solana Blockchain

The platform’s new engine uses app-specific blockspace to improve speed, fairness, and predictability in perpetual futures trading on Solana.

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Summary

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Terms & Concepts
  • zk-powered: Refers to zero-knowledge technology that allows transactions or computations to be verified without revealing underlying data.
  • Perpetual Futures: A type of derivative contract without an expiry date, allowing traders to hold positions indefinitely.
  • App-specific blockspace: Dedicated blockchain capacity reserved for a particular application to ensure consistent performance.