RChain is a fundamentally new blockchain platform rooted in a formal model of concurrent and decentralized computation
What is RChain (RHOC)?
RChain (RHOC) is a novel system of blockchains that maintains the use of smart contracts. It aims to provide advanced security and a programming interface that makes user-defined applications unambiguous. It is programmed in the Rholang computing language, which helps its ability to be “censorship-resistant.” RChain plans to gain robust scaling, security, and fast transaction times using parallel blockchains built for specific tasks by the Rho Virtual Machine (RhoVM).
RChain (RHOC): History
The idea of RChain started in mid-2016 out of the desire to make improvements on traditional blockchain architectures. It was introduced by former Microsoft developer Greg Meredeth, president of the Seattle-based RChain Cooperative, RChain is a for-profit operation which raised funds through an ICO process in September 2017. The rest of cooperative responsible for making changes and improvements to the platform is a diverse team of computer science and industry professionals.
The team began with an aim to give blockchain based solutions “at the scale of Facebook and support transactions at the speed of Visa,” concluding that current platforms of the time, like bitcoin and Ethereum, were not proper for performing such tasks.
How Does RChain (RHOC) Work?
The RChain platform made with the programming language Rholang. The RhoVM software is Turing-complete, byzantine fault-tolerant, and “easily replicated.”It is having skillful use of smart contract features and also can execute them in a series of parallel networks known as multi-chain. When compared to the traditional blockchain architectures, it enables for a specific set of information to be transmitted more quickly. Here all data is channeled by a single chain. RChain is developer friendly, comes with features to ensure the creation of safe, stable decentralized applications (dApps). It contributes an additional layer of security by applying the use of namespaces, an advanced filing, and classification system that defines parameters such as visibility, access, composition, and contract features.
How to Buy RChain (RHOC)?
First of all, you need to set up an RChain wallet to store your coins. You can choose MyEtherwallet for storing your coins as it is convenient wallet option for you. Then buy Ethereum by using Coinbase. Then exchange it for RChain.
RChain (RHOC) Price Prediction 2018
RHOC can be a profitable investment option. RChain price equal to 2.443 USD at 2018-02-20. If you buy RChain for 100 dollars today, you will get a total of 40.938 RHOC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-18 is 39.417 US Dollars. With a 5-year investment, the revenue is expected to be around +1513.63%. Your current $100 investment may be up to $1613.63 in 2022. RChain (RHOC) price today is $2.44 and have the current supply of 358,732,436 RHOC. The market cap value is $873,631,862, and the volume is marked as $925,065. RChain price prediction, RChain price forecast, RChain price and news, RHOC price forecast, RHOC price prediction 2018, What is the price of RChain 2018.