About ReapChain
ReapChain was created to solve the problems of the existing IoT Blockchain. Based on the Shell-Core structure, which combines public and private Blockchains, and the two-way consensus algorithm (PoDC), we have overcome the three problems of the existing Blockchain: “scalability, security, and decentralization”. Also, by giving the PID of an object through the Reap SDK, it is possible to secure clean data by improving security through mutual verification between devices and preventing the forgery of data. ReapChain is creating a new IoT Blockchain world with technology that has both complete security and transparency.
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x1fc5EF0337AEA85C5f9198853a6E3A579a7A6987 |
Price history
Time | Price | Change |
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Today | $0.00000229 | |
1 Day | $0.00000229 | |
1 Week | $0.00000229 | |
1 Month | $0.00000229 | |
1 Year | $0.000066 |
FAQ
ReapChain is a blockchain aiming to solve the “trilemma of blockchains,” i.e., scalability, security, and decentralization. The platform seeks to enable the commercialization of blockchain and implement blockchain-based DApp services. ReapChain intends to implement a secure and transparent IoT (Internet of Things) ecosystem by blockchain-izing the entire end-to-end section of the IoT industry.
According to the whitepaper, ReapChain was created to solve the problems of the IoT blockchain. Based on the shell-core structure, which integrates public and private blockchains to form a double-layered chain, and the two-way Proof of Double Committee (PoDC) consensus algorithm, the platform aims to overcome the blockchain problems of scalability, security, and decentralization. PoDC is an algorithm aiming for decentralization in constructing the double (standing and steering) committees. Also, by offering the PID (product id) of an object through the Reap SDK (software development kit, which is a tool for developing blockchain services for different DApp service providers), the platform seeks to improve security through mutual verification between devices.
In addition, ReapChain offers the following features:
The whitepaper Ver 0.8 of ReapChain (REAP) was released in the first quarter of 2020. However, pre-sale and exchange listing, token generation (TGE) and distribution, and whitepaper Ver 0.9 release were done in the third quarter of 2020. The team of ReapChain includes Jake Lee, CEO; Seungjong Lee, COO; Khan Kim, CSO; Sungjin Kim, CTO; Suho Kwon, R&D CTO; Jay Yoo, CMO; and other skilled members.
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