Parrallel-insurance

Problem Statement

Parallel Insurance Protocol is a high-throughput, on-chain parametric insurance system built specifically for Arcology Network's parallel execution capabilities. It protects DeFi users against token rug pulls and project collapses while demonstrating the power of blockchain-native concurrency. Traditional insurance protocols face a critical bottleneck: they can't process multiple policies simultaneously due to sequential state updates. When hundreds of users try to buy coverage during market volatility, standard smart contracts create transaction queues and race conditions. Our solution leverages Arcology's concurrent primitives to enable true parallel execution: Unlimited Concurrent Policy Creation: Multiple users buy policies simultaneously without blocking each other ParallelCoin: Custom ERC20 using AddressU256CumMap for conflict-free premium transfers Concurrent State Tracking: U256Cumulative counters and per-user stats with AddressU256CumMap Automated Rug Detection: Parametric triggers using Pyth oracle price feeds to detect >70% drawdowns The Innovation: While the original "Insure The Rug" concept provides excellent insurance design, our implementation adds massive parallelism. We achieve 100% success rate on concurrent transactions where standard implementations would fail due to write conflicts. This creates a scalable insurance primitive for Web3 — capable of handling thousands of simultaneous policy purchases during market crashes when protection is needed most.

Solution

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