RChain profile
RChain Profile (REV)
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RChain

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RChain is a fundamentally new blockchain platform rooted in a formal model of concurrent and decentralized computation. The RChain Cooperative is leveraging that model through correct-by-construction software development to produce a concurrent, compositional, and massively scalable blockchain. he industry has spoken, the blockchain platforms of today, and as they are currently built, are not fit for scale or speed, they continue to lack security and they are not designed for the masses in the developer community. We have all heard of the problems within the ever expanding blockchain space. The fact that scalability isn’t just the giant elephant in the room, it’s that elephant that hastaken over the room. They are slow. Security – one needs to look no further than the recent events of not just (Initial Coin Offerings) ICO’s being hacked but exchanges, wallets and entire systems as well. The blockchain space is not for everyone - there a limited few developers in the world today that can build upon any of the existing blockchains. Greg is the founder and visionary behind RChain, with a tremendous passion for mathematics and over 30 years of high level experience driving innovative technology projects. Greg is the Co-founder, President and Member of the Board of Directors of The RChain Cooperative. Previously he was the Principal Architect of Microsoft's BizTalk Process Orchestration, Principal Architect of Microsoft's Highwire offering as well as Principal Architect of ATM Network management solution for ATT/NCR and Co- designer and developer of MCC's Rosette/ESS technology. No discussion about Greg would be complete without mentioning his unwavering passion/devotion (understatement) to the environment. he Co-op is the organization that develops the open-source RChain platform software. It’s an open and community-driven initiative with multiple communication channels through which all are welcome to participate. The Co-op is dependent on participation from its members. This will be crucial for governance, innovation and adoption. Rhain has cooperatively sold $15 million worth of RHOC (valued at $0.20 each at the time) during its sale. The current iteration of RChain RHOC is an ERC-20 token on the Ethereum blockchain. Once the RChain mainnet launches (tentatively scheduled for the end of 2018), RHOC tokens will convert to REV tokens at a 1:1 ratio. The tokens are used to compensate node operators for computing and storing system contracts, along with bandwidth resources. They’re also a staking currency used for consensus and validator bonding.

Read more in the whitepaper:
  • Platform
  • Cryptocurrency
  • Blockchain Platform
  • Distributed Computing
  • Smart Contract Platform
  • no technologies
  • Smart Contracts
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REV
Community Ratings RChain REV

5/5

(2 reviews)
Ratings and reviews left by our members do not impact the profile score.
CR

Cryptoman 2 years ago

RChain is the most legit $crypto Its popular in both English and Chinese My favorite part is that it's run by a co-operative. Its a rare legal structure that gives rise to more decentralization. Its rare because it takes an immense amount of effort to maintain a co-op
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JI

jimscarver 3 years ago

rchain is not even close to being a scam. Mainnet is running and getting better every day. It is the only chain that enforces the process calculus so concurrent execution can be trusted, it has a superior object capability security model. Nobody else supports last finalized state so that validators need not keep the entire history and nobody else is aiming to support behavioural typing that proves correct process execution. The concurrency model with sharding and name space decentralization means that sooner or later it will support unlimited transactions cost effectively and I believe the price is bound recover many times over so I am taking advantage of the current ridiculously low price of the REV. I expect in the long term to make up much more than I lost. https://www.hotbit.io/exchange?symbol=REV_BTC
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5/5

(2 reviews)
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RChain News

  • RChain (REV) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Tuesday: What's Next?

    Wed, Feb 9, 2022 1:03 PM

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    Thu, Oct 28, 2021 12:36 PM

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  • Troubles behind it, massively scaleable RChain’s prospects ‘have never looked better’ - Stockhead

    Tue, Oct 26, 2021 7:06 PM

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