FAQ

ParkChain Protocol is the next generation protocol for facilitating the exchange of value in the internet era. Anyone with a computer or phone can access information, services and applications built on top of Parkchain, whether a person or organization wants to verify historical transactions between businesses, exchange assets globally, or even access banking services that are not traditionally available in developing nations.

1.What is Bridging ?

A blockchain bridge is a technology or protocol that enables interoperability between different blockchain networks. It allows the transfer of assets, data, or messages between two or more blockchain ecosystems. Here's an overview of the key concepts related to blockchain bridges.

2.What is Token Creation Tool?

Token creation is a tool for creating ERC20 tokens on the Parkchain network. In this, the user can create a token on his own, and we also provide various types of options for token creation. The options listed below are minting, burning, pause, blacklist, and permit. The user can select any option in the list for creating a new token. We implemented the access control option with the help of this token admin, giving access to anyone else.During Deployment certain fee will be deducted from user which was admin customizable.

3.What is Token Migration Tool ?

Token migration refers to the process of transferring a cryptocurrency or digital token from one blockchain protocol to another. During the token migration, we will be transferring your existing tokens from the current blockchain (Ethereum compatible blockchain) to a Parkchain while maintaining your token balance intact. This means that you will have an equivalent amount of tokens on the Parkchain as you currently hold on the old blockchain.