Power Notes: RChain (RHOC)

RChain (RHOC) is billed as a scalable [1] blockchain solution using technology that leverages a Turing-complete [2], Byzantine Fault-Tolerant [3] Virtual Machine (RhoVM) to achieve a "network of coordinated and parallel blockchains."

Smart contracts will been written using Rholang: A new language developed specifically for the smart contracts performed on the RVM (Rchain Virtual Machine). [4]

Founder: Greg Meredith

Tokens In Cirulation: 344,086,289
Tokens in Existence: 861,185,194 RHOC (According to the Rchain GitHub, no more will be minted)

Key Scope: Safe, Scalable, Decentralized, Industrial-scale "Multi-Chain" utility blockchain

Interesting Notes:

• Price @ Print: $2.28 RHOC
• Based in the United States (Washington State)
• Proof of Stake
• Rholang language will present formal semantics
• Greg Meredith Controversy

[1] Scalable: The ability to withstand a substantive increase in usage and adoption while maintaining the efficiency and dependability at each incremental increase.

[2] Turing-Complete: Many applications can be built or designed on the platform. Think Ethereum (but not)

[3] Byzantine Fault-Tolerant: Communicating in a trustless environment.

[4] Rho Virtual Machine (Direct From Link): Each instance of the Rho Virtual Machine (RhoVM) maintains an environment that repeatedly applies the low-level rho-calculus reduction rule, expressed in the high-level Rholang contracting language, to the elements of a persistent key-value data store. The “state” of RhoVM is analogous to the state of the blockchain.