2.1 Project Introduction

PemChain is an innovative platform that integrates cloud computing clusters with blockchain technology, aiming to reward users with on-chain incentives for sharing cloud computing power and to achieve seamless integration with the blockchain through its unique Slot technology. Our goal is to provide an efficient, secure, and scalable solution to meet the growing demands of decentralized applications (DApps) and smart contracts.

PemChain leverages the advantages of hybrid blockchain technology to overcome the limitations of existing blockchain systems. By utilizing a hybrid Proof of Work (PoW) consensus algorithm and efficient node management, it ensures high security and scalability, providing blockchain solutions suitable for various industries. This will accelerate the popularization and practical application of blockchain technology in real life.

PemChain addresses the challenges of traditional blockchains by introducing a hybrid blockchain system that combines the advantages of public and private blockchains. The hybrid blockchain architecture integrates the openness, transparency, and security of public blockchains with the high performance, scalability, and energy efficiency of private blockchains.

PEM adopts a hybrid consensus mechanism that combines Proof of Work (PoW) and Byzantine Fault Tolerance (BFT) mechanisms. In the initial phase, BFT algorithms such as Practical Byzantine Fault Tolerance (PBFT) are used to achieve rapid consensus and high TPS. Gradually, an appropriate balance between PoW and BFT is struck to enhance security and decentralization. This innovative hybrid consensus algorithm is expected to not only ensure the performance and stability of the main network but also to guarantee its security.