RChain (RHOC)

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RChain (RHOC) is a cryptocurrency made by mathematician Greg Meredith in 2016. It is a cooperative-built blockchain platform that uses a proof-of-stake (PoS) consensus algorithm to provide a fast, secure, and scalable technology platform. 

The RChain blockchain-based platform aims to address the world's greatest problems including climate change, data security, digital identity, and many other challenges the world collectively faces today. It intends to do this by providing a platform that promotes the proliferation of social coordination technologies. Additionally, RChain claims to be a breakthrough in concurrent computational systems that unshackles the blockchain. The project also claims to have ultra-fast and globally scalable transactions at low execution costs while maintaining security at scale.  

The RChain platform is said to be built, nurtured, and governed cooperatively in a transparent and open-source cooperative with members from around the world. The RChain cooperative was formed in January 2017 to steward the development and progression of the RChain platform. RChain Co-op members experiment with governance models and provide support for RChain to become and maintain its place as a publicly owned and operated information utility. To become a member of the RChain Cooperative, you must pay a one-time fee of $20 and spend at least $10 on fees once the platform launches. 

RChain has a maximum token supply of 1,000,000,000 RHOC, a total supply of 870,663,574 RHOC, and a circulating supply of 373,789,868 RHOC. RChain held a private token sale in August 2017 where qualified investors purchased RHOC tokens with a minimum investment of $50,000. The RChain cooperative raised a total of $15 million by selling tokens at $0.20 each.

RChain Newsletter October 2020

22 Nov 2020 1 minute read 0 comments ervin-lemark

A newsletter by RChain Cooperative Tech update RChain has been on MainNet since February 2020. Since that time, the network continues to advance towards our Mercury release. The team is currently implementing Last Finalized State and Block Merge....

RChain Cooperative and Blockchain Overview

14 Aug 2020 1 minute read 1 comment Crypto JBro

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 presi...

A Quick Overview Of RChain Project

15 Sep 2019 6 minute read 3 comments Rumi

Overview RChain іѕ а соореrаtіvе blосkсhаіn platform that uѕеѕ Prооf-оf-Stаkе соnѕеnѕuѕ fоr fаѕtеr trаnѕасtіоnѕ, which іtѕ dеvеlореrѕ сlаіm mаkе іt the fіrѕt truly ѕсаlаblе blосkсhаіn ѕуѕtеm. Sіnсе іtѕ іnсерtіоn, hоwеvеr, а lоt оf high-рrоfіlе blос...