Review on RChain by francis fernandez
Rchain: a fast and scalable multifunctional platform
The challenge for cryptocurrency project cryptors has always been to improve the scalability of transactions. This challenge was taken up by the creators of Rchain; by creating an ecosystem that promises to beat the speed of its predecessor cryptocurrencies.
Rchain is a cross-functional platform using immutable ledger technology; to develop applications aimed at the meteorological field, data privacy, bio-identity and many digital solutions in different fields.
Token:
Rchain uses the native RHOC token to power the operations executed within its platform.
These cryptocurrencies must be stored within a wallet of the Rchain ecosystem.
The purchase of RHOC is available in at least 4 exchange houses.
Technology:
Rchain has an infrastructure free of intermediaries and external controls that guarantee the security and speed of the network.
This property also contributes to its interoperability with other private and public networks that perform synchronously on the network to perform smart contract validations.
For this Rchain relies on its virtual Rho machinery that performs a range of specific functions; individually executed by custom smart contracts.
Platform utilities:
• It is used to carry out almost instantaneous transactions due to its great network scalability.
• Allows you to create non-custodial applications with efficient performance.
• Allows creators of blockchain projects to use its protocol as a base tool, due to the use of the Rholang algorithm that provides an easy interface to the network.
Rchain is a comprehensive and robust ecosystem, with a powerful technological capacity and a multifunctional platform that can provide decentralized solutions in different fields.
This positions it in a prime position with respect to many cryptocurrencies.
Pros
- It is a highly efficient platform
- Used in various fields of application
- Offers low rates for network operations
Cons
- No downsides
