What Is RChain (RHOC)?
RChain uses Reflective High-Order Calculus (RHOC) to enable fast and secure transactions it believes is stronger than anything else in blockchain. Of course, the most technically sound projects don’t always win, and it’ll take strong partnerships to achieve its goal. The platform uses two tokens, RHOC on the Beta and REV on the mainnet, to tokenize onchain transactions.
Who Is RChain?
Rchain was designed by Seattle, Washington mathematician Greg Meredith in 2016. He is also a co-creator of the math behind the project. It is now maintained and operated by the RChain Cooperative, which, as you can imagine from the name, is a coop.
Use Cases of RChain
RChain can be used for any decentralized application (dApp) and serves as a launchpad like Ethereum, NEO, and others before it.
How to Mine RHOC and REV
RChain currently uses an ERC-20 token (RHOC) for transactions. It will be swapped 1:1 for REV once the mainnet launches. Neither can be mined. Instead, they’re generated via Proof-of-Stake (PoS).
Notable RChain Partners and Investors
RChain has a lot of Seattle-based support, with partners including Reflective Venture Partners and Resonate. While Seattle is only one city, it’s also the tech hub that spawned Microsoft and houses Nintendo of America, among other successful global tech companies.
Learn More About RChain
If you want to learn more about RChain, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.