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RChain

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Description

What does RChain do?

RChain aims to provide a more scalable and versatile platform for developers to create and deploy smart contracts. Smart contracts are executed through RChain’s Virtual Machine (RhoVM). RChain’s virtual machine is capable of running a large number of smart contracts on separate blockchains. This means that RChain can split the workload between parallel blockchains to improve speed and scalability.

There is also the RChain cooperative, which is a public community where members can join and gain access to various communication channels and elect board members to keep the community in order. To join the cooperative, a one-time fee of $20 that must be paid.

RChain also has a for-profit arm, called RChain Holdings, which will provide consulting services and use their profits to further RChain’s agenda.

How does RHOC work?

Given that RHOC is currently an ERC-20 token, it cannot be mined. Instead RHOC is primarily used as a medium of exchange and as an incentive token. The incentive is that RHOC is rewarded to node operators in exchange for their help to keep the network alive and for payment of fees.

Ultimately, RChain wants to launch their own network with its own native cryptocurrency called REV. At this time, the team behind RChain will convert all RHOC to REV at a 1:1 ratio. In this case, the project will have intentions of including PoS, so users can stake REV.

How can RHOC appreciate in value?

As the project itself gains value, so should the token that is part of its network. If users identify RChain as a practical solution that solves speed and scalability issues, then RHOC can appreciate in value.

All RHOC have already been distributed; there will be no new tokens created. Given this, the only force required to increase the price would be demand. WIth ~861,000,000 tokens in total, the demand can outweigh this supply.

What are the differences between RChain and its competitors?

Ethereum is RChain’s largest competitor. RChain is essentially aiming to solve the performance issues associated with existing projects like Ethereum. The biggest difference right now is that RChain does not have a live mainnet, and is actually an ERC-20 token based on Ethereum. This helps Ethereum for the time being, by bringing people to Ethereum’s network. If Ethereum can properly implement sharding (which they are actively working on) then it can be difficult for RChain to persuade users to move to their mainnet, when they launch it.

  • Mainnet Launch: December 2018
  • Open Source: Yes
  • Consensus Type: PoS
  • Technology: Blockchain
  • Total Coin Supply: 870,663,574 RHOC
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Description

What does RChain do?

RChain aims to provide a more scalable and versatile platform for developers to create and deploy smart contracts. Smart contracts are executed through RChain’s Virtual Machine (RhoVM). RChain’s virtual machine is capable of running a large number of smart contracts on separate blockchains. This means that RChain can split the workload between parallel blockchains to improve speed and scalability.

There is also the RChain cooperative, which is a public community where members can join and gain access to various communication channels and elect board members to keep the community in order. To join the cooperative, a one-time fee of $20 that must be paid.

RChain also has a for-profit arm, called RChain Holdings, which will provide consulting services and use their profits to further RChain’s agenda.

How does RHOC work?

Given that RHOC is currently an ERC-20 token, it cannot be mined. Instead RHOC is primarily used as a medium of exchange and as an incentive token. The incentive is that RHOC is rewarded to node operators in exchange for their help to keep the network alive and for payment of fees.

Ultimately, RChain wants to launch their own network with its own native cryptocurrency called REV. At this time, the team behind RChain will convert all RHOC to REV at a 1:1 ratio. In this case, the project will have intentions of including PoS, so users can stake REV.

How can RHOC appreciate in value?

As the project itself gains value, so should the token that is part of its network. If users identify RChain as a practical solution that solves speed and scalability issues, then RHOC can appreciate in value.

All RHOC have already been distributed; there will be no new tokens created. Given this, the only force required to increase the price would be demand. WIth ~861,000,000 tokens in total, the demand can outweigh this supply.

What are the differences between RChain and its competitors?

Ethereum is RChain’s largest competitor. RChain is essentially aiming to solve the performance issues associated with existing projects like Ethereum. The biggest difference right now is that RChain does not have a live mainnet, and is actually an ERC-20 token based on Ethereum. This helps Ethereum for the time being, by bringing people to Ethereum’s network. If Ethereum can properly implement sharding (which they are actively working on) then it can be difficult for RChain to persuade users to move to their mainnet, when they launch it.

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