Established in 2017, RChain is a crypto project that enables smart contracts. It uses a concurrent scaling solution for better scalability compared to other cryptocurrencies. It is also faster and more secure. The other way it stands out is due to the massive tools for developers. Unlike the other smart contracts cryptos like Ethereum with limited languages, RChain supports developing decentralised applications in multiple coding languages.
The crypto runs a RChain cooperative that comprises the Rchain’s developers, investors, and users. It allows all members access to the open-source blockchain where every member has the ability to influence the future of the project.
How does RChain Work?
The RChain platform operates via the main technology called the Rho Virtual Machine (RhoVM) Execution Environment running on multiple environments, with each having a smart contract. The smart contracts then execute in multiple threads. The threads can then support various nodes at the same time. The nodes can then be made to subscribe to and process various processes within the network. With multiple processes running at the same time, RChain becomes quite scalable and comes with high speeds of transactions.
RChain beats other smart contract cryptocurrencies with features such as;
- Independence – The RChain network works such that every RhoVM only executes when necessary and each time it uses an independent set of smart contracts. The network thus runs parallel without the risk of compromising any transaction.
- Performance – While the concurrent transactions within the network might seem cumbersome, all the applications have massive output and response times.
- Tools – RChain looks to upstage the other platforms launched earlier like Ethereum and EOS. It provides various coding languages and multiple tools to help the developers use the platform. It also allows for easy connection of apps and products to the blockchain.
- Trust – the cryptocurrency provides an ideal platform where developers anywhere can access both scalable and fast decentralised solutions.
RChain Mining and ICO
At the time of launch, RChain detailed that it used the proof-of-stake (PoS) algorithm for mining. However, this is not yet demonstrated in action given the private sale. The PoS is faster and more energy efficient compared to the Proof-of-work (PoW) used by Bitcoin and Ethereum before the ETH 2.0.
RHOC tokens, the RChain crypto native token were launched and closed in 2017. The coin was worth 20 cents at the time of launch. It currently trades at $0.132 with a circulating supply of 613,715,341.08 REV. It has a market cap of $80,947,453.
Trading RHOC
If you are considering investing in crypto, RHOC remains an ideal option. Even though the coin has retained low values, it comes with various functionalities that makes it an ideal option.
RChain crypto is available in four major crypto exchanges; Token store, EtherDelta and ChaoEX. These exchanges allow you to purchase the crypto using various options like fiat currencies and other cryptocurrencies.
To store the crypto, you can use any ERC-20 compatible wallet.
