Parity Adds Support for Private Transactions and Encrypted Contracts

The implementation of  Private Transactions lets users store, modify, and view code
17 May 2018   439

Ethereum client Parity has released 1.11 Beta version, which now allows users to create encrypted contracts and transactions on-chain and warp-sync to specific blocks. 

The implementation of  Private Transactions lets users store, modify, and view code. Only those users who have permissions viewable by anyone can have access to all contracts and transactions with private transactions on public chains. Moreover, they can work with others in the open behind strong encryption.

Also, Parity has improved Warp Sync to let users get their node up to speed by downloading snapshots of the current state. The users can jump to a minimum block number to make sure they are getting the latest possible snapshot, and built-in safeguards to prevent them from falling back to normal sync methods.

The Parity Ethereum transaction queue implementation was optimized in order to increase performance significantly, and now transaction verification is done in parallel.

Previously, we have reported that Parity Technologies issued a statement, according to which they did not plan to implement EIP 999 code change that could lead to a split of the Ethereum blockchain.

Parity Ethereum Client v2.0 to be Released

Developers have created Parity Ethereum exclusively for mining pools, exchanges and other infrastructure nodes
19 July 2018   455

Parity Technologies has introduced a new version of the full node software for the Ethereum network called Parity Ethereum v2.0.0.

This major release comes with some notable changes. First and most importantly, Parity Ethereum is built to serve as expert software for production use and shouldn’t be considered end-user software or an “Ethereum Wallet.” It is meant for mission-critical use in mining pools, exchanges, or any other type of infrastructure or service provider.
 

Parity Team

The Parity Ethereum client is able to interact with various consensus mechanisms, provides the choice between the Ethereum virtual machine (EVM) and the WebAssembly virtual machine (WasmVM), and it supports private transactions and the creation of special lists of nodes to restrict access to certain contracts.

Moreover, users should not perceive the new version of the software as a product for the end-user or Ethereum-purse, as the developers have created Parity Ethereum exclusively for mining pools, exchanges and other infrastructure nodes. This version is specialized.

The client also lacks a graphical user interface, known as the Parity wallet.