The blockchain and digital currencies in general, tend to be high on the technical side. Few outsiders can process the vast depth of meaning and rules that help drive the brave new world of money forward. This drive forward is handled differently by different players. Bitcoin (BTC) and Ethereum (ETH) have vastly different approaches to deploying currency and applications on the blockchain. This has led to some fragmentation in cases which is why players like RChain (RHOC) have started to look compelling in recent times.
The mission statement and motivation for RChain sums up what the platform and digital token is all about: “To become a blockchain solution with industrial-scale utility, RChain must provide content delivery at the scale of Facebook and support transactions at the speed of Visa.”
That’s a pretty bold mission and one developers of RHOC seem to have taken on board with a view to reimagine the way the blockchain works. The goal set in the middle of 2016 according to developers was distilled thus: build a better blockchain architecture.
What does this radical blockchain architecture look like?
Well the platform has been created to host fully decentralized blockchain applications but it’s the deployment of its RHO-VM architecture that is really creating the paradigm shift. The RHO-VM is Turing-Complete, Byzantine fault-tolerant and fully replicated. The actual working of the protocol involves the independent processing of a single instance of RHO-VM allocated to various functions which include the deployment of smart contracts. The RChain works in a sharded environment, creating a deployed network that is parallel and coordinated in most respects. The setup creates a unique and what RChain developers have called a sought-after multi-chain design. Built with self-sufficiency in mind, the RHO-VM is now setting the pace for this new methodology of deployment on the blockchain.
Of course the refined and recalibrated architecture doesn’t just deliver a unique layout. Thanks to the forward-thinking approach infused into the development process, RHOC is able to maintain a potential for scalability that has hitherto been difficult to achieve on the blockchain. RHO-VM are able to scale their instances as new nodes come online and demand the space to operate. This creates scalability in a fully linear way, allowing for the improvement of another key lagging area across the blockchain, performance.
It’s no secret that one of the more pressing issues on the blockchain aside from security is that of performance. The time to process transactions has been a less than impressive given the initial promise of completely circumventing the time-handicaps of traditional money. Developers of RHOC have deployed the multi-threaded nature of the protocol to lift performance to new levels. This is achieved through running a single node alongside multiple instances of the RHO-VM protocol.
RHOC developers have also taken the idea of dynamic namespaces and given the blockchain a new hint of visibility. By creating dynamic namespaces, developers have created a platform that offers developers who are keen on building decentralized applications, a clear semi-automated framework for getting the job done.
All these radical features have helped to attract developers to the platform as well as improve the profile of the token itself. Over the last 30 days the token has climbed to a high of $0.89, though it has also recorded a low of $0.60. The all-time high is $2.27 which highlights the fact that from current levels, there is pretty strong upside for a growing token. Market cap is $246.95M and RHOCF has seen 24-hour volume climb above $300K in recent trading sessions.