What is Parity?
Parity is Ethcore's initial fully-featured, Ethereum-compatible, blockchain implementation. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. It is the first in a series of planned software releases by Ethcore and the culmination of more than two years of lessons learnt designing and implementing blockchains by the best minds in the industry. Implemented in Rust, it uses the cutting edge, highly sophisticated hybrid functional langauge to create a blockchain client which is uniquely high-performance, low-footprint and reliable.