|All Time High:|
|Market Cap: |
|The price of #REV today is $0.012 USD.|
The lowest REV price for this period was $0, the highest was $0.012, and the exact current price of one REV crypto coin is $0.01203.
The all-time high REV coin price was $4.98.
Use our custom price calculator to see the hypothetical price of REV with market cap of BTC or other crypto coins.
|The code for RChain crypto currency is #REV. |
RChain is 5.5 years old.
|The current market capitalization for RChain is $5,807,111.|
RChain is ranking upwards to #1154, by market cap (and other factors).
|The trading volume is modest during the past 24 hours for #REV.|
Today's 24-hour trading volume across all exchanges for RChain is $78,155.
|The circulating supply of REV is 482,732,163 coins, which is 48% of the total coin supply.|
|REV has very limited pairings with other cryptocurrencies, but has at least 1 pairing and is listed on at least 1 crypto exchange.|
|Note that there are multiple coins that share the code #REV, and you can view them on our REV disambiguation page.|
RChain Cooperative — Impact Summary
RChain Cooperative — Impact Summary - By Lucius Gregory Meredith 1 RChain’s Raison d’etre 2 RVote 3 Self-sovereign Data 4 RChat 5 Sponsored Content 6 Ultimate Green Chain 7 The Wizard of R’s 8 Conclusion — 1 RChain’s Raison d’etre - If you watch Bill Gates’ 60 Minutes interview from 2021, you will see him acknowledge that dealing with the consequences of climate change will require global coordination on a scale exceeding that of WWII. Yet, nowhere in the interview does he mention coordination technologies that work at global scale. RChain was designed from the ground up to provide global scale coordination. While this has many business applications and provides the first realistic Web 3.0 platform, its central purpose is to support a decentralized grassroots self-organized response to climate change. — 2 RVote - Decentralized decision making is critical for decentralized grassroots self-organization. RChain, as a decentralized organization itself, developed RVote first to serve its own needs. RChain is a cooperative based on democratic principles such as ‘one member one vote.’ RChain’s membership is worldwide with a large constituency in China, another in Eastern Europe, another in the UK, yet another in South America, and still more in North America. Since 2017 we have come together every October to vote in the new board of directors and decide membership wide items of business invo...
Three Lessons the Blockchain Didn’t Learn from Web 2.0 (but should!)
By: Anthony Garone and Lucius Gregory Meredith There’s a tendency in the tech world to toss out old tech and go all-in on a new replacement. “Oh, don’t use that. That’s the old thing! Use the new thing instead.” This is advice best suited to those who adapt quickly to technological change — in other words: a small percentage of humanity. Jumping quickly to “the new thing” may come with harmful second- or third-order consequences for a majority of people. This is especially true for energy-hungry technologies like cryptocurrencies that have adverse effects on our planet. These technologies haven’t even reached global scale yet, so we may only be seeing only the beginning of what’s to come. Despite the potential or actual costs of adoption, today’s technology innovators are racing toward revolutionary new ideas, like decentralization, scalable architectures, self-sovereign data, NFTs, and blockchains. At RChain, we wholeheartedly and enthusiastically rejoice at the global excitement for these technological changes, and they are core to what we are building ourselves. But new tech needs to make life better for its users, especially when we’re considering billions of users. One particular blind spot for innovators appears to be Web3, the next evolution of the world wide web. There are three lessons the blockchain hasn’t yet learned from Web 2.0, but should. Web 3.0 won’t succeed without: Advance...
Greg Meredith’s Open Letter to Tesla
17 May 2021 Dear Zach, i am writing to you in my capacity as president and founder of RChain Cooperative (rchain.coop). Having seen Tesla’s very public flip flop on BTC, i was very encouraged. Yes, blockchain is an incredibly important development. No, BTC (in fact any proof-of-work protocol) is not a responsible implementation of the key ideas. These are exactly the right conclusions. With those very conclusions in mind, in 2017 we founded RChain Cooperative with the singular purpose to build the world’s most scalable, environmentally responsible blockchain. RChain is now over a year in mainnet, releasing key features such as last finalized state and block merge which allow not having to go all the way back to genesis block to guarantee transaction integrity and concurrent execution of isolated transactions, respectively. What is so important about blockchain that it merits top to bottom re-engineering? Over the past three decades i have looked with profound concern at the consequences of climate change and concluded that if humanity wants to get out of this alive it will have to coordinate and cooperate in a manner it has never before witnessed. Recently, even Bill Gates conceded, in his recent 60 Minutes interview, that it will take global coordination and cooperation at a scope and scale surpassing what was seen during WWII. Yet, in that same interview Bill does not mention a single coordination technology in all the...
Atticbee’s AMA in the China community, English transcript | 2021/03/03
Guest: Atticbee, a member of the China community of RChain Cooperative, graduated from Zhejiang University and Carnegie Mellon University with a major in computer science, and later settled in the United States and worked in the IT industry for a long time. As a blockchain technology enthusiast, I began to pay attention to RChain’s technology in 2017, had a lot of communications with members of the RChain cooperative, and have been promoting the awareness of RChain’s unique technology in the Chinese community.. — Zora: People familiar with the RChain project know that Atticbee has made a lot of contributions to the RChain China community. He follows closely the development of the RChain project, and organizes and shares knowledge so that everyone can easily understand this technology. Zora: Q1 — Please briefly introduce the RChain project itself, let us deepen our understanding of the project. Atticbee: We recently made a one-page introduction of RChain. I just copy and paste here: Based on the revolutionary Rho calculus, RChain solves a series of problems preventing blockchain platforms from mainstream adoption. Its fast and scalable conflict detection algorithm accompanied with Casper CBC consensus allows: – all nodes to produce and verify blocks concurrently without global epochs so it becomes the first smart contract platform to achieve single-shard scalability. – large data to be stored directly on c...
Happy Birthday RChain Mainnet!
RChain Celebrates One Year Anniversary of Mainnet Going Live - By Steve Henley — Mainnet Goes Live - February marks the one year anniversary of the launch of mainnet, a major technical achievement for RChain. REV Genesis was 1582631986995 milliseconds (Wed Feb 25 2020 11:59:46 UTC) after the Unix epoch at 00:00:00 UTC on 1 January 1970. With the advent of mainnet, RHOC token holders received an equal number of REV tokens added to their REV wallet. Visit tgrospic.github.io to check REV token balance. Join the RChain Discord server at discord.com if you need assistance. The RHOC token was a ERC 20 token based on the Ethereum platform. RChain’s native token is the REV token. Visit revdefine.io to view the RChain platform transactions history. — Three Epochs and Counting - Among the RChain other successes over the past year are the epochs. At the start of each epoch REV token holders have the opportunity to stake tokens on the RChain Cooperative node validators. Staked tokens provide network security on the proof of stake (PoS) consensus blockchain. An epoch length is 250,000 blocks which is approximately four months. Token holders that stake REV currently receive a seigniorage reward of 7%. At the end of each epoch participants can elect to rollover their tokens to the next epoch or cash out their staked tokens and/ or their reward. — Ideation Workshop - RChain coop members presented several ideas and...
Why block merge matters and how RChain is solving the scalability problem.
by Nutzipper — Feb 13, 2021 This article aims to explain how RChain can reach horizontal scalability, targeting one of the key ingredients of RChain platform — block merge. Some preliminary results of implementation analysis are included in the end. Blockchain is effectively a computer, replicated across a number of nodes. Two basic offerings are cryptographic proof of state transition + economic incentive for making sure one cheating is going to be punished. This article is targeting the first part of the equation — state transition. Early incarnation of blockchain application as cryptocurrencies gave birth to a notion of public ledger. This public ledger contains, in the simplest case, a list of balances. But just a list is not a good model for such a ledger, so usually more sophisticated models are used, like UTXO for Bitcoin and some others. Ethereum developed a state model (EVM) that allows storing turing complete state machines, thus enabling executing arbitrary smart contracts. Entities that are allowed to introduce changes to the state, changing balances, making transactions, invoking smart contracts — are miners, or validators of the network. In case of PoS networks, once some state change is introduced, it should be verified by other validators, and the Sword of Damocles should punish thee daring cheating (or, in simple words, the cheater will lose its stake). This is the basic principle o...
Blockchain Gets Lean and Accessible
Last Finalized State Implementation RChain, a blockchain consumer cooperative based in Seattle, Washington, recently achieved a technical milestone with the implementation of Last Finalized State (LFS). What exactly is LFS? Let’s break it down. The genesis block is the first block of any blockchain. The RChain genesis block, for instance, was created on February 24th, 2020 with the launch of main-net. Since that time new blocks have been created, one on top of each other, building the blockchain. The first epoch of 250,000 blocks was completed in June 2020. The second epoch of 250,000 blocks finished in September 2020. As a result of this constant growth and expansion of the chain of blocks, it has become increasingly more difficult for node validators to set up a node and become an exact mirror image of all other nodes on the network. This process of updating to be identical to other nodes is commonly referred to as achieving current state. With LFS new node validators can quickly arrive at the current state. How is this possible? With LFS RChain can now remove the blocks from the blockchain (for instance, a group of 250,000 blocks) which in turn lightens the blockchain. Having far fewer blocks to process for update creates greater efficiency which allows new node validators to quickly arrive at the current state. Any valid finalized block can serve as a genesis block for a fresh node validator as a starting point for ...
RChain Newsletter — October 2020
RChain Newsletter — October 2020 - Tech update RChain has been on MainNet since February 2020. Since that time, the network continues to advance towards our Mercury release. The team is currently implementing Last Finalized State and Block Merge. Earlier this week, they were able to demonstrate significant scaling performance! See this demonstration by Nutzipper. Greg Meredith: “Now we have evidence that RChain scales by adding nodes. Here is a picture of the DAG created by a 10 node network. The nodes are able to propose and validate blocks concurrently. This scaling happens because of the combination of our version of CBC-Casper and the concurrent execution model of rholang and rspace. These architectural components fit together to deliver both vertical and horizontal scaling. As you add processors to a node, it gets faster, and as you add nodes to the network the whole network gets faster. This is what we promised. This is what we have delivered.” Annual General Meeting (AGM) October 24th 2020 has been a big year for RChain — from launching MainNet in February to our recent exciting scaling demonstration last week as we approach block merge! This year’s Annual General Meeting is October 24th and we will be voting on four Board of Director Nominees as well as one item of business. RVote at the AGM! 2020 marks the first year that RChain will be using our own on‑chain voting DApp for our Annual General ...
The madness behind the method
Recently Vitalik Buterin posted the following question: Does living in a universe that runs by laws of physics count as being “governed by an algorithm”? (I have my own detailed answer to this, but curious what other people’s response is) i responded because the assumptions implicit in this question cause me to worry that people, especially people who work in technical fields, such as software engineering, have a very skewed view of science. Folks who are not really thinking about the foundations of science may not know that the general scientific consensus is that we never know the laws of physics or any other field of science. We have provisional proposals that may be overturned at any juncture. For example, after 400 years of supposed stability in the last decade the physics of optics was rewritten exposing new optical phenomena and materials. Many proposals that we consider to be the cornerstones of our understanding of the natural world are actually not very stable at all. Despite its success and vaunted accuracy, general relativity is not even a scientific theory. The Einstein field equations require knowing the stress-energy tensor (distribution of matter/energy for the whole universe). That’s not even testable. Only approximations of this theory are testable. Furthermore, the theory is not compositional, meaning that you can’t piece together more complete descriptions of physical systems from less complete ...
A capital idea
When we ask ourselves “What is capital?” different proposals come forward from the community and even from within our own minds. Capital is energy. Capital is information. Capital is a set of beliefs. i want to encourage both a broader and yet deeper and more focused line of thinking. Think about voting. Think about games. Think about the expression of sentiment (likes, emojis, etc) right here on Medium or on social media platforms like Facebook or Twitter. All of these are coordination patterns for coordinating human behavior that — remarkably — share with capital a common set of features. Now, abstract these features and make them programmable and decentralized. Then you will have a public utility for coordination. This is a view of of both the origin and future of capital i want to hone in on. As a precursor to this line of thinking, i suggest Yuval Harare’s Sapiens. He makes the key point: coordination is Homo Sapiens super power. Further, he observes that capital is one of the tools for focusing and amplifying coordination. What he doesn’t say directly, but is easy to work out is that in moving from an industrial implementation to a digital one, the physical inequities intrinsic to a physical monetary record (inherited from an architecture of centralized minting backed by armed enforcement of distribution rules and norms) were transferred from the physical to the digital and then accelerated. This acc...
More RChain (#REV) News
|RChain: 3 Lessons Web 3.0 Can't Afford to Ignore
There's a tendency in the tech world to toss out old tech and go all-in on a new replacement. 'Oh, don't use that. That's the old thing! Use the new thing instead.' This advice is best suited to those who adapt quickly to technological change-in other words: a small percentage of humanity.
Jumping quickly to 'the new thing' may come with harmful second or third-order consequences for most people; this is especially true for energy-hungry technologies like cryptocurrencies that adversely affect our planet.
These technologies haven't even reached a global scale yet, so humankind may only be seeing the beginning of what's to come.
Despite the potential or actual costs of adoption, today's technology innovators are racing toward revolutionary new ideas, like decentralization, scalable architectures, self-sovereign data, NFTs, and blockchains. RChain wholeheartedly and enthusiastically rejoices at the global excitement for these technological changes, and they are core to what Rchain is building.
But new tech needs to make life better for its users, especially when considering billions of users. One particular blind spot for innovators appears to be Web 3.0, the next evolution of the world wide web.
There are three lessons the blockchain hasn't yet learned from Web 2.0 but should. Web 3.0 won't succeed without:
The most powerful search mechanisms the world has ever seen.
Let's look at how these solutions work today and how th...