What is RChain?
What is RChain and RChain coin? Well, in this review I will go over all the details regarding the project and its cryptocurrency and guide you through what you need to do to make a profit.
RChain is a platform that focuses greatly on its scalability and ease of use for developing dApps on its blockchain. It is an open-source project that uses a unique multi-threaded blockchain structure with underlaying smart contracts. RChain coin is the token that is native to the project. The maximum supply and current total supply of tokens is 870,663,574 RHOC.
Advantages
RChain is aiming to be a completely decentralized and censor free economic blockchain. It focuses on the ability of anyone to create their own dApp or token with minimum effort. Some of the other advantages are:
- Great Scalability – implementation of Rholang Smart contracts and CASPER
- High Transactions per second – the project is aiming at achieving VISA transaction speeds
- Cooperative Gevernance
Disadvantages
One of the main disadvantages is that there is a lot of competition for RChain, for example the Ethereum Network. Some of the other cos are:
- The project is run by an organisations that is for-profit
History and Evolution
The token and project were created on 29th August 2017 by Greg Meredith. He started the project with a tremendous passion for mathematics and over 30 years of experience in driving innovative projects. He previously was the Principal Architect of Microsoft’s BizTalk Process Orchestration. Rchain had a private token sale that started on 29th August and sold out in less than two weeks hitting the goal of 15 million USD.
RChain’s Future
The computing capabilities of RChain are already natively existing in the architecture. This allows it to further expand on them in the future. The plans of the development team are to implement innovations in the consensus and increase the transaction speed, security and scalability even further.
There are three major milestones in the roadmap for the project, which are Launching the testnet in September 2018, launching of the name registry in October 2018 and finally releasing the mainnet in Q1 of 2019.
RChain Blockchain
The RHOC token has no blockchain so it is not a cryptocurrency coin. It uses the Ethereum blockchain and the ERC-20 standard for tokens. It was developed and created on the Ethereum network. The project is fresh and the blockchain is being developed as a new platform that is rooted in a formal model of current and decentralized computation. As I mentioned earlier the mainnet launch is planned for Q1 of 2019.
How to get RChain at Exchanges
Currently RHOC token is not offered with a fiat to crypto pair on any exchange. What you can do is buy BTC from an exchange that sells it for fiat money like Coinbase and transfer it to your wallet. Then you can go to an exchange that offers a BTC to RHOC pair and obtain your RChain tokens. Holding RHOC coins will guarantee you starting ahead of others when the mainnet launches. This way you can not only support the network and be a part of the community, but also trade them for a good profit in the future.
| Exchange | Buy RChain with: | Buy with Fiat Money: | |
|---|---|---|---|
| Bitcoin, Ethereum | – | Trade now | |
| Bitcoin, Ethereum | – | Trade now | |
| Bitcoin, Ethereum | EUR, USD | Trade now |
Wallets for RChain
ECurrently there is no official wallet that is used for holding Rchain tokens. I can recommend you to use one of the alternatives below
Alternative Wallets RChain token
Fortunately, any other wallet that supports ERC-20 tokens will work for RHOC holding. There are different kinds of wallets that will suit any user’s needs. They can be desktop, mobile, web and hardware wallets.
Mobile Wallets:
Web Wallets:
News
In order to be up to date with all things connected to RChain and its RHOC token, you can go ahead and visit their official website or social media like twitter @rchain_coop.