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Rchain
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Rchain logo Rchain ICO Review | |
| Rchain ICO | |
| Ticker: | RCOH |
| ICO start: | 0000-00-00 00:00:00 |
| ICO end: | 0000-00-00 00:00:00 |
| Price: | 1 RCOH = 2.40 USD |
| Tokentype: | ERC20 |
| Hardcap: | 15 000 000 USD |
To become a blockchain solution with industrial-scale utility, RChain must provide content delivery at the scale of Facebook and support transactions at the speed of Visa. After due diligence on the current state of many blockchain projects, after deep collaboration with Ethereum developers, and after understanding their respective roadmaps, we concluded that the current and near-term Blockchain architectures cannot meet these requirements. In mid-2016, we resolved to build a better blockchain architecture.
Contents
Description
The RChain Cooperative and its partners are building a public, Sybil-resistant, and censorship-resistant computing utility. This is an open source project. It will be a blockchain-based platform for specifying, verifying, building, and running decentralized protocols (“smart contracts”) that form the base for decentralized applications. On top of this technology platform, a broad array of solutions can be built, including financial services, monetized content delivery networks, marketplaces, governance solutions, DAOs, and RChain’s own flagship decentralized social platform.
The decentralization movement is ambitious and will spawn solutions that provide awesome opportunities for new social and economic interactions. Decentralization also provides a counter-balance to abuses and corruption that occasionally occur in some organizations where power is concentrated, including large corporations and governments. Decentralization supports self-determination and the rights of individuals to self-organize. Of course, the realities of a more decentralized world will also have its challenges and issues, such as how the needs of international law, public good, and compassion will be honored.
They admire and respect the awesome innovation and intentions of the Bitcoin and Ethereum creators, and other plat- forms that dramatically advanced the state of decentralized systems and ushered in this new age of cryptocurrency and smart contracts. However, we also see symptoms that those projects didn’t use the best engineering and mathematical models for scaling and correctness in order to support mission-critical solutions. The ongoing debates about Bitcoin scaling and the June 2016 issues with The DAO smart contract are symptomatic of foundational architectural issues. As an example question: Is it scalable to insist on an explicit serialization order for all transactions conducted on planet earth?
RChain’s requirements, originating from RChain’s decentralized social product and its attention & reputation econ- omy, are to provide content delivery at the scale of Facebook along with support for transaction volume and speed at the scale of Visa. After due diligence on the current state of many blockchain projects, after deep collaboration with Ethereum developers, and after understanding their respective roadmaps, the RChain leadership concluded that the current and near-term Blockchain architectures cannot meet these requirements. Therefore, RChain and partners resolved to build a better blockchain architecture. Together with the blockchain industry, we are still at the dawn of this decentralized movement, and it is now the time to lay in a more correct architectural foundation.
The journey ahead for those who share this ambitious vision is as challenging as it is worthwhile, and this document summarizes that vision and how we seek to accomplish it. They compare the blockchains of Bitcoin and Ethereum, outline the RChain architecture, rationale for its creation, and pointers to initial specifications.
Team
| name: | title: | links: | group: | photo: | iss: |
|---|---|---|---|---|---|
| Greg Meredith | President of The RChain Cooperative | Greg Meredith photo | 2.8 | ||
| Kenny Rowe | Chief Operating Officer | Kenny Rowe photo | 5.8 | ||
| Evan Jensen | Secretary of The RChain Cooperative | Evan Jensen photo | 2.8 | ||
| Aleksandr Bulkin | Co-Founder and Managing Partner at CoinFund LLC | Aleksandr Bulkin photo | 2.8 | ||
| Ian Bloom | Open-source, linux, and DAO enthusiast | Ian Bloom photo | 2.8 | ||
| David Currin | David Currin photo | 2.8 | |||
| Vlad Zamfir | Vlad Zamfir photo | 2.8 | |||
| Hendrick Hillbolling | Hendrick Hillbolling photo | 2.8 |
External links
Rchain on Twitter
Rchain on Telegram
Rchain on Facebook
Rchain on Medium
Rchain on Bitcointalk
Rchain on Github
Rchain on Discord
Rchain on Youtube
Rchain Official Website
Rchain Whitepaper
