Review on RChain by Fabrizio Zampieri
RChain is a blockchain project that aims to implement a scalable blockchain…
RChain is a blockchain project that aims to implement a scalable blockchain architecture that will allow applications built on RChain to scale to the level of large scale applications such as Facebook and Visa.
The project is managed by RChain Cooperative which is a decentralized organization within which members can vote on policies such as whether to hold an ICO or not. The project also has a for-profit arm to it — RChain Holdings. RChain Holdings is a company which aims to support and drive the adoption of RChain by nurturing startups and by providing consulting services.
RHOC is an ERC20 token that is currently trading on some exchanges such as EtherDelta.
Pros
- RChain is looking to compete in the blockchain space by building a better and faster version of ethereum. RChain intends to be a scalable blockchain that will be able to process transactions on the order of tens of thousands of transactions per second (TPS). The Rho Virtual Machine is core to this solution. RhoVMs are essentially sharded based on the way RChain is implemented. Team is composed by several strong core members that are experienced with blockchain projects. There is a strong advisory team. Notably, they have Vlad Zamfir who is a researcher that is also working on Ethereum’s POS protocol.
Cons
- While RChain does discuss some of important issues in its documentation, team do not dive into much detail as to how RChain will specifically solve typical blockchain' problems like historical data and network efficiency. RHOC token is tradable on few exchanges.
