A Drupal 8 version has been created, the alpha2 version is working with Drupal 8 beta 4. We try to keep the 8.x-1.x-dev branch compatible with the Drupal 8 HEAD. It currently has the same functionality as the Drupal 7 module.
The Drupal 8 version has been a complete rewrite of the module. It is now based on the Entity Reference Revisions module which is in core. Paragraphs defines: