RChain (RHOC) Coin

rchain logo

What is RChain?

A blockchain is a number of digital records which are roped together using cryptography. The use and the idea of a blockchain emerged from the desire to reduce intermediaries such as banks or credit cards and create a decentralized ledger system so that then only the buyer and seller will interact. The chances of fraud reduce this way. An example is the RChain.

RChain is a blockchain governing the community. The aim to creating RChain was to allow RChain-based applications to scale to the large-scale level applications, like Visa and Facebook. To join the RChain cooperative, potential members from all or any financial backgrounds have to pay a fee of 20$. This then gives multiple benefits to the customer such as allowing members to vote and elect Board members or even access to RChain’s discord files.

How Does RChain Work?

RChain’s architecture was designed by a branch of math called mobile process calculi to increase the platform’s scalability.  This platform can support any kind of blockchain (public or private) which are secured through Proof of Stake consensus protocol. In order to pay all the functionality available on the platform, you’ll use the local currency, which is known as RHOC tokens. These tokens are built on the ERC20 standard.

Benefits of RChain:

Major benefits or RChain cryptocurrency are:

  • Speed: RChain’s architecture has the ability to allow thousands of transactions per second.
  • Tools: RChain’s tools are unmatchable in the market.
  • Trust: much safer decentralized system without clutter.
  • RChain cooperative: this is a public group in the RChain which allows its members to access and develop RChain’s blockchains.

How to Setup RChain?

The first thing to do is to have a wallet to store RChain coins. The most convenient one is EtherWallet. Create a new wallet and then download a keystore file (the option will be given). After this, a private key will be given to you. You then have to enter your address (where your RChain coins will be sent).

How Much Does RChain Cost?

The current coin price is 1.61$ although it keeps rising or fluctuating according to the market. In short, RChains are fast, efficient and protected blocks of digitized records aiming to reduce fraud. RChain gives the opportunity to all members of the public to join RChain and give their valued input to make RChain even more successful. Every transaction has kept an eye on through nodes in the blockchains with RChains.

How to Invest In RChain?

Sites, like Kucoin or EtherDelta, will be used to exchange your current coins (mostly Ethereum) for RChain or to invest in them.

Key Features of RChain:

  • The RHO Virtual Machine Execution Environment: In the heart of the platform, the RHO- virtual machine execution environment helps in achieving speed and scalability. The RHO-VM execution environment runs several of RHO-virtual machines at a time. Since RChain’s blockchains run in a coordinated and parallel way, each machine executes one independent set at any time when it is necessary.
  • Smart Contracts: Rholang stands for reflective higher order language and this is the language used to create RChain’s smart contracts. For them to be scalable, the contracts follow a formal verification system which the RHOVM complies to and executes.
  • Namespaces: A namespace is a number of named channels used to locate a network resource. Namespaces allow smart contracts on a blockchain to be visible to all around the blockchain.
  • RXhain’s decentralized application platform is managed with Rho Virtual Machine

RChain (RHOC) Specification

Date:

Consensus Algorithm:

Token Type:

Available Supply:

Maximum Supply:

2017-07-22

Proof of Stake

ERC-20

358,732,436

861,185,194

RChain (RHOC) Roadmap

Q4 2017

RhoLang specification published

Q1 2018

Demonstration of Casper proof-of-stake consensus

Q2 2018

Alpha release, allowing developers to set up multiple nodes
that demonstrate Casper and large-content delivery

September 2018

Platform Release “Mercury”

RChain (RHOC) Wallets

myetherwallet

MyEtherWallet

ledger

Ledger Nano S

RChain (RHOC) Exchanges

kucoin exchange for solaris‎

Kucoin

etherdelta

EtherDelta

chaoex

ChaoEX

ooobtc

OOOBTC

token store

Token Store

idex

IDEX

abucoins

Abucoins

RChain (RHOC)

Team of the RChain (RHOC)

Greg Meredith president of rchain

Greg Meredith

PRESIDENT OF THE RCHAIN COOPERATIVE

Ed Eykholt co founder ceo of rchain

Ed Eykholt

CO-FOUNDER AND CEO OF THE RCHAIN COOPERATIVE

Kenny Rowe chief operating officer of rchain

Kenny Rowe

CHIEF OPERATING OFFICER

Evan Jensen secretary of rchain

Evan Jensen

SECRETARY OF THE RCHAIN COOPERATIVE

Aleksandr Bulkin co founder and managing partner of rchain

Aleksandr Bulkin

CO-FOUNDER AND MANAGING PARTNER AT COINFUND LLC

Ian Bloom open source linux and dao enthusiast of rchain

Ian Bloom

OPEN-SOURCE, LINUX, AND DAO ENTHUSIAST

David Currin

David Currin

Vlad Zamfir

Vlad Zamfir

Hendrick J Hillbolling

Hendrick J. Hillbolling

Navneet Suman

Navneet Suman

RChain (RHOC) Explorer

Summary

So, RChain is specially designed to solve lots of blockchain-related issues: speed, scalability, safety and more. If you need more detailed information, concerning the RChain project, you may find in the whitepaper.