RChain Cooperative and Blockchain Overview

RChain Cooperative and Blockchain Overview

By Crypto JBro | Crypto JBro | 14 Aug 2020

The RChain cooperative has been building their new type of blockchain since January, 2017.  Their mainnet recently went live after some delays!  Here's my video explaining their project:

Brief Overview

Their founder, Greg Meredith, is also the president of their cooperative.  He was a developer at Microsoft, as the principal architect of BizTalk and Highwire.  The "president" title seems strange to me since I thought cooperatives were supposed to be run by democratic councils.  I guess I need to research that a bit more!

Anyway, Meredith has created an entirely new programming language for smart contracts, called Rholang.  It allows for computing processes to be run at the same time on the chain.  This is different from say, the Ethereum Virtual Machine (EVM) which verifies and adds files one after the other.  Right now, their stack is on top of a Java Virtual Machine and Scala.

Rholang is based off another Meredith invention called the Rho Calculus.  There is actually another math paradigm called Rho Calculus, so if you decide to study further, be aware of that.

These new designs were built for a blockchain that is scalable, more energy friendly, and faster than existing networks.  Rholang also seems more simple than having to deal with Solidity and the Web3 JS library for Ethereum smart contracts.

After long delays in launch and a ton of money expended, I am impressed that RChain has pushed through.  Their cooperative model was also fascinating to study.  I hope that more people look into this project and help them realize their goals of improving the world through technology.

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Crypto JBro
Crypto JBro

I love to teach blockchain and crypto technology using simple terms to regular people. I believe the new "crypto wealthy" must focus on healing the planet in a new techno-agrarian society or the environment will collapse and we'll all be dead.

Crypto JBro
Crypto JBro

Free video lessons about the decentralized Internet, crypto, blockchain, and DApps (beginner friendly - I try!). I like to educate and interact. You can support my work by sharing my stuff on social and leaving a comment or question.

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