What is RChain? RChain (REV) is a Blockchain-based platform that focuses on limited transaction speed and scalability issues. cryptocoin.com In this article, we answered the questions asked by investors such as what is RChain, what it offers, what is REV, what it does, how to buy it. Let’s examine this project together, which aims to offer high scalability to its users.
What is RChain?
Popular Blockchain platforms such as Bitcoin (BTC) and Ethereum (ETH) suffer from limited transaction speeds and scalability, in addition to their numerous benefits. RChain (REV) is a Blockchain platform that aims to solve these inefficiencies. The platform uses various methods to achieve transaction efficiency and a high degree of scalability. Accordingly, it has a number of innovative methods in the field of computational mathematics, Blockchain and programming. These methods greatly increase the efficiency of the network, allowing users to get a much better experience.
What does RChain offer?
Founded by mathematician Greg Meredith, the platform has the following solutions:
- The sharding method that divides the blockchain’s public ledger into smaller, more manageable partitions.
- A modified Proof-of-Stake consensus mechanism designed by Greg Meredith, founder of RChain.
- Rho-calculus, a computational methodology developed by Meredith.
- The general purpose programming language Rholang, also an invention of Meredith.
Using these methodologies, RChain gains the advantage of processing 40,000 to 100,000 transactions per second. This is well above transaction speeds on most larger blockchains. Accordingly, Bitcoin can process 5-6 transactions per second, while Solana can process 65,000 transactions. This is a factor that is expected to increase the adoption of RChain by users. Because faster networks mean faster processing. Developers can save time and money through high scalability.
What is REV? What does it do?
The RChain ecosystem allows developers to produce their own decentralized applications. It uses the Rholang programming language for this. Built on the principles of rho-mathematics, this language organizes computations according to the principle of concurrency. Thus, developers gain access to high-level productivity. Users can use networked asset sending and decentralized applications. At all these points, REV coin comes into play as a payment method. Accordingly, REV coin is RChain’s native cryptocurrency. Users can earn passive income by staking with this altcoin.
What is RChain? How to take REV?
REV, the 1169th largest cryptocurrency according to CoinMarketCap data, is currently only traded on the MEXC exchange. Interested investors must first access and become a member of this exchange. Next, they need to deposit an asset in their wallet according to their RChain parity. Thus, they can place a buy order on the relevant parity.