RChain is designed to implement scalable blockchains. This type of scalability allows any application using RChain to scale to very high levels. It makes sense to use the RChain platform because it enables users to process transactions to the tune of many thousands per second.
RChain Virtual Machine
In addition, the RChain (RHOC) Virtual machine lies at the very heart of the platform. Next, this platform also provides concurrency on the blockchain. This means the complex processes can be broken down and processed individually before they are then recombined.
Before using RChain (RHOC) platform, make sure you understand scaling blockchains. The TPS or transactions per second is a yardstick that you can use in order to assess the scalability of the RChain (RHOC) platform. However, when using TPS, make sure that it deals with real data only. There is no sense in relying on TPS that is lab based as the results will vary quite drastically.
Proof of Stake
RChain aims to use Casper Proof of Stake, invented by Vlad Zamfir, one of the proposed for scaling solutions for formal verification of smart contracts on the Ethereum blockchain. RChain doesn’t use the same programming language as Ethereum does but uses the RhoLang programming language, where smart contracts are “internally concurrent”. Vlad Zamfir, known for his work for the Ethereum Foundation, has joined the RChain Co-op’s Board of Directors.
Cooperative Governance
Each Cooperative members receive one vote regardless of how many tokens they own. The Cooperative has a Board of Directors made of nine seats. Different Board seats have term lengths: 3 year board director seats: Greg Meredith, Vlad Zamfir, Ian Bloom. 2 year board director seats: Kenny Rowe, Evan Jensen, Alexander Bulkin. 1 year board director seats: Navneet Suman, Hendrik Jan Hibolling, David Currin
Historical data
TPS is but one aspect of scalability and though it has relevance, it only deals with one part of the overall problem. It is equally important to factor in historical data and network efficiency. The former deals with the way that historical data is handled in a scalable way. Second, it is important to understand the way in which a network passes huge amounts of transactions per second in the most efficient manner possible.
14 milestones
When using the RChain (RHOC) platform, keep in mind that its milestones are divided into fourteen different milestones. The fourth milestone is the most relevant because it is the milestone that is going to bring the RChain test net on the same level as the Ethereum POS Update known as Serenity. The fourteenth milestone has yet to be fully developed and will not be implemented any time soon.
Competing with the big players
The RChain (RHOC) platform is going to be competing with some major crypto chains like Ethereum and Bitcoin. It shares most in common with Ethereum and it is also going to be competing with the likes of NEO and Icon as well as Dash and Ripple.
Team
The RChain (RHOC) team is quite complete in every sense and has a strong core that is manned by experienced people who understand the blockchain projects intimately. An advisory team is there that includes Vlad Zamfir who researches and works on the Ethereum POS protocol.
The focus of RChain is obviously scalability. RChain claims it will be able to do 40.000 transactions per second when the main net goes live, with future enhancement that are even higher. The RChain cooperative, based in Seattle, plans to have the main net operational by Q3 2018. Before the main let goes online, RChain is an ERC-20 token named RHOC on the Ethereum blockchain, upon the launch of the RChain blockchain they will be converted to another token called REV.
Finally, the RChain (RHOC) platform is going to compete with major players and to ensure a competitive edge, it is now engaged in building a better as well as quicker Ethereum version. To succeed, it must also not be disruptive. Currently, the RChain (RHOC) platform needs to do more in making it a more effective and scalable platform.
