The RChain Cooperative is based in Seattle and has a history of sustainable development of blockchain technology, which is rare in the industry. It was founded by former Microsoft principal architect, Lucius Meredith who with his team of experts ensures that all members of the cooperative receive collective assistance in their blockchain endeavors. Their main area of focus is a mathematics based application called mobile process calculi which has been in existence for about three decades now. There’s another organization named RHOC (RChain Holdings) which focuses on developing a dynamic business environment to compliment the platform by promoting startups, entering into joint ventures, offering tech solutions and providing high value services.
A lot is being said and written about how most of the present day blockchain platforms are not designed for upgradation as they use outdated technology. The RChain platform is said to be disrupting the blockchain domain by making it an open source platform which will offer users the kind of benefits that they have not experienced till now. One of the main areas of focus for a blockchain is speed of processing transactions every second, which the present day platforms lack. The other important area of focus is the platform’s ability to verify smart contracts fast and at scale which most of today’s platforms aren’t able to do.
As a cooperative RChain is committed to build a platform that’s open source. This is the founder Meredith’s vision and he’s been working at it for all these years. It also means that he had seen blockchain technology developing the way it did, way back when nobody must have had the hindsight to imagine that far. As a result, his platform is acquiring the kind of scale that will allow it to host a number of blockchains on a single node. What users usually look for is security, familiarity and the ability to operate at scale and this is what Meredith’s platform offers.
What sets the RChain platform apart is use of the most advanced tools like the language RhoLang, which is defined as ‘correct-by-construction’, used to write smart contracts. The contracts that are written on RhoLang, run on a concurrent execution engine called RhoVM which provides the necessary speed and scale to the process of smart contract verification. The high level of security on this platform is based on the emerging protocol know as POS (Proof of Stake) as against the outdated POW (Proof of Work) protocol, which most new blockchains are going to avoid as it slows down the process with its much higher computation time. As an open source platform it allows innovators to contribute toward its growth for greater public benefit.
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