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.
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.