What is Parsiq (PRQ): A Beginner’s Guide to the Blockchain Data Platform

Parsiq is a blockchain platform that aims to make crypto data more useful.

PARSIQ (PRQ) is a cryptocurrency that powers this platform, allowing users to monitor and analyze blockchain activity in real-time.

It’s like having a smart assistant for your crypto transactions.

You might wonder why Parsiq matters.

Well, it helps bridge the gap between blockchain data and real-world applications.

With Parsiq, you can set up alerts for specific events on the blockchain, track transactions, and even automate certain processes.

This makes it easier for both individuals and businesses to use blockchain technology effectively.

The PRQ token plays a key role in the Parsiq ecosystem.

When you use PRQ to pay for services on the platform, you get discounts and extra perks.

It’s also traded on various cryptocurrency exchanges, so you can buy, sell, or hold it like other digital assets.

Key Takeaways

• Parsiq helps you monitor and analyze blockchain activity in real-time
• PRQ tokens offer discounts and benefits when used on the Parsiq platform
• The platform bridges blockchain data with real-world applications for easier use

Understanding Parsiq (PRQ)

Parsiq is a blockchain platform that connects on-chain and off-chain data.

It lets you build apps that use real-time blockchain info.

PRQ tokens power the Parsiq network.

The Basics of Parsiq

Parsiq helps you work with blockchain data easily.

It’s like a bridge between blockchains and regular apps.

You can use it to track transactions, monitor wallets, and get alerts.

With Parsiq, you don’t need to be a coding expert.

It has tools that make blockchain data simple to use.

You can set up “Smart Triggers” that watch for specific blockchain events.

Parsiq works with popular blockchains like Ethereum and Polygon.

This means you can build apps that use data from different chains.

PRQ tokens are important in the Parsiq system.

You need them to use Parsiq’s services and to take part in network decisions.

Network and Technology

Parsiq’s tech is built to handle lots of data fast.

It can process blockchain info in real-time, which is super useful for many apps.

The platform uses a special language called ParsiQL.

This helps you write queries to get the exact blockchain data you need.

Parsiq also has an API called Tsunami.

It lets your apps get blockchain data quickly and easily.

This is great for making responsive blockchain-based services.

The PARSIQ Network is expanding to be a full backend for Web3 apps.

This means you can build more complex blockchain apps without worrying about the technical details.

Parsiq is always adding new features to make blockchain development easier.

They’re working on ways to make the network faster and more useful for developers.

Trading Insights

PRQ has seen ups and downs in the crypto market.

Its price and trading volume change often.

You can buy and store PRQ on some exchanges.

Market Performance and Analysis

The live PARSIQ price is $0.076161 USD.

PRQ’s market cap is $21,725,575 USD.

It ranks #820 on CoinMarketCap.

PRQ’s 24-hour trading volume is $768,216 USD.

The price went up 2.35% in the last day.

This shows some interest from traders.

PRQ’s supply is important for its value.

There are 285,256,872 PRQ coins out there right now.

The total supply is 310,256,872 PRQ.

Keep an eye on PRQ’s price moves.

They can be big and fast in crypto.

Always check the latest data before trading.

Buying and Storing PRQ

You can buy PRQ on some crypto exchanges. KuCoin is one option for trading PRQ.

To buy PRQ:

1. Pick an exchange that lists PRQ
2. Make an account
3. Add funds
4. Trade for PRQ

After buying, store your PRQ safely.

You can use:

• Exchange wallets (less safe)
• Software wallets on your computer or phone
• Hardware wallets (most safe)

Always use strong passwords and two-factor auth.

Keep your private keys secret.

Don’t share them with anyone.

Economic Aspects

Let’s talk about the money side of PARSIQ (PRQ).

This crypto has some interesting economic features you might want to know about.

PRQ is the token that makes PARSIQ work.

You can trade it on various exchanges, usually against USD or other cryptocurrencies.

The current price of PRQ is about $0.076 USD.

That might not sound like much, but remember – crypto prices can change fast!

PARSIQ’s market cap is around $21.7 million.

This tells you how much the whole project is worth right now.

Here’s a quick look at some key numbers:

• Circulating supply: 285,256,872 PRQ
• Max supply: 310,256,872 PRQ

What does this mean for you? Well, there’s still some PRQ that hasn’t been released yet.

This could affect the price in the future.

PRQ has seen some ups and downs.

Its all-time high was $2.61, way higher than it is now.

But that’s pretty normal in the crypto world.

Remember, crypto can be risky.

PRQ’s price has dropped a lot from its peak.

But who knows? It could go up again.

Just be careful and don’t invest more than you can afford to lose.

Frequently Asked Questions

PRQ tokens have some key things to know about storage, trading, and value.

The PARSIQ technology also has unique features worth understanding.

How can I store my PRQ tokens safely?

You can keep your PRQ tokens in a crypto wallet.

Hardware wallets like Ledger or Trezor offer good security.

Software wallets like MetaMask also work for storing PRQ.

Make sure to backup your wallet’s recovery phrase.

Never share it with anyone.

Is PRQ supported on Coinbase?

PRQ is not currently available to trade on Coinbase.

You can buy PRQ on other crypto exchanges.

Some options include KuCoin, Gate.io, and Uniswap.

Always check an exchange’s reputation before using it.

What’s the current price of PRQ in USD?

The live PRQ price is $0.076161 USD as of November 10, 2024.

This can change quickly.

Crypto prices move fast.

Check a reliable price tracker for the latest PRQ value.

Where can I find the latest news on PARSIQ?

You can stay updated on PARSIQ through their official channels.

Check their website and social media accounts like Twitter.

Crypto news sites may also cover PARSIQ updates.

The PARSIQ subreddit can be a good source of community discussions.

What are some predictions for the future value of PRQ?

Some think PRQ could rise in value due to PARSIQ’s technology.

The platform’s features may drive demand for the token.

But crypto prices are very hard to predict.

Don’t invest more than you can afford to lose.

How does PARSIQ technology work?

PARSIQ acts as a bridge between blockchains and off-chain systems.

It lets you monitor and react to events on different chains.

The platform uses a language called ParsiQL.

This helps create smart triggers for blockchain data.

PARSIQ aims to make blockchain data more useful for businesses.