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PaloAlto is a blockchain underlying technology solution that integrates the development applications of DEFY and NFT, aiming to acquire more traffic with high performance and high-frequency throughput, ensuring security, decentralization, and scalability. It can handle over one million on-chain transaction processing capabilities. Its applications include trade finance, insurance event contracts, micro and mini-payment APIs, crowdfunding activity security, as well as industry categories involved in these scenarios, including exchanges/trading platforms, IoT, games/VR, payment settlement, gaming, advertising, social networking, etc. This is achieved by combining high-performance state channels and predictors to realize on-chain data mechanisms.
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Please note that "DEFY" seems like it could be a typo for "DeFi" (Decentralized Finance), which is commonly used in this context. If "DEFY" is indeed correct, please disregard this note.