Over the past few weeks, we at Reef have been working relentlessly in achieving our goal of becoming the blockchain for the ne
20 Oct 2022, 15:49
👨💻 Over the past few weeks, we at Reef have been working relentlessly in achieving our goal of becoming the blockchain for the next billion users
Some fundamental aspects of #ReefChain 👇
🐠 Built with Substrate:
Reef has been built on the Substrate framework, and inherits all its underlying features
This allows Reef to provide unparalleled speed, security, scalability, transaction throughput & cost efficiency
🐠 Multi VM Compatibility:
Reef is EVM compatible now, and will be compatible with more blockchain networks in the future
Developers can not only build new dApps but also port existing dApps seamlessly to Reef Chain
🐠 Fork-less upgrades:
Reef's scheduled updates eliminates the need of hard forks to make any changes in the base codes
Network upgrades can be rolled in seamlessly, without any of the complications and disruptions caused by hard forks
🐠 NPoS Consensus Algorithm:
Reef uses an advanced form of PoS consensus algorithm, known as Nominated PoS (or NPoS)
NPoS enables Reef to provide best-in-class security without being a burden on the environment
🐠 Thriving Ecosystem:
Reef isn't just a blockchain network, but an entire decentralized ecosystem designed to make Web3.0 accessible to the next billion users
🛠️ Through our grant program, we're looking to support passionate developers bring their ideas to reality. Apply for grant here:
🧵 Spread the word:
Making Web3.0 accessible to the next billion users!
Come build with us! ⚡
#BuidlTheReef #ReefChain