FOR IMMEDIATE RELEASERChain - Mainnet and beyond RChain’s mission is to create a blockchain that can support global coordination for solving global problems including climate change.Seattle, WA. May 11, 2020 –
RChain Cooperative launched its mainnet blockchain on February 25, 2020. Since then, our community has developed wallets and the impressive Dappy framework has been released. Additionally, RChain REV has been listed on MXC and HotBit exchanges. This ground swell of engagement and support comes from the fact that the RChain community understands that as RChain matures it will be able to scale in a near linear fashion, so that instead of slowing down as more resources are added, it will scale up.
Over the next few months RChain will support the ability for nodes to join, not by going all the way back to the genesis block, but by going only to the last finalized state. This will enable nodes to sync up to the blockchain quickly, and continually compact the storage they maintain.
But to really get inside what makes the RChain technology different it is important to understand that it is built as a next generation database, first and foremost. Rholang offers many advanced language features, yet it is at the end of the day a query language for a decentralized, global storage and compute platform. To learn more, check out this video, (What sets RChain apart from Ethereum...).
Technology is not the only thing that sets RChain apart. The RChain Cooperative is also a community of people who understand the gravity of the situation we face in climate change and understand that we cannot wait for government or industry. We must find a way to coordinate our response to climate change now. The RChain technology provides the basis for that coordination and response. To learn more, check out Climate and Coordination podcasts.
RChain is led by Greg Meredith, one of the foremost visionaries in the blockchain space. Behind his leadership, and years of building and developing in the “decentralized” platform world, RChain is creating a platform that will transform blockchain technology and empower its users.
“Greg Meredith is a logician and mathematician with an astounding grasp of concurrency, formal verification, language design, and computer science. His knowledge is not compartmentalized, but rather reflects his holistic understanding of the fundamentals of theoretical computer science,” said Vlad Zamfir, founding member of Ethereum.
Current blockchains (e.g. Bitcoin and Ethereum) are struggling with scale, speed and security as well as being limited and only capable of processing approximately 10-20 transactions per second. RChain anticipates managing approximately 40,000 transactions per second (matching Visa’s processing capabilities).
The RChain platform’s smart contracts and the transactions represented therein are concurrent and formally verified by a compiler – so they’re fast, versatile, and secure all the while being easy for developers to adopt and utilize. At present, no other blockchain technology addresses these fundamental needs of the community.
Co-founder Greg Meredith said, “Because the RChain platform enables more trust on the Internet, it’s evolutionary.” He went on to say, “It enables innovators worldwide to create fast, scalable and decentralized solutions that are far less resource intensive, which is a significant improvement from existing blockchain solutions”.
Among the many possible applications of RChain’s technology; tamper-proof financial platforms, social networks, environmental agencies, and endless other options. These are solutions that enable every individual to finally control their own identity, reputation and data.
For more information go to: rchain.coop.
About RChain Cooperative
The Co-op is owned and controlled by its members, each member receives one vote, regardless of how many tokens are owned. The membership fee is purposefully affordable ($20) to allow people from all over the world to drive the vision of the Co-op. The Co-op owns and is responsible for the development and maintenance of the RChain platform.