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I present a model of universal parallel computation called -Nets, and a method to translate -terms into -nets and back. Together, the model and the method constitute an algorithm for optimal parallel -reduction, solving the longstanding enigma with groundbreaking clarity. I show that the -calculus can be understood as a projection of -Netsone that severely restricts the structure of sharing, among other drawbacks. Unhindered by these restrictions, the -Nets model opens the door to new parallel programming language implementations and computer architectures that are more efficient and performant than previously possible.

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