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What is ReapChain (REAP) coin and how does it work?

by Financial Economy

ReapChain was created to solve the problems of the current IoT Blockchain. Based on the Shell-Core structure, which combines public and private Blockchains and a two-way consensus algorithm (PoDC), it aims to tackle the three issues of the current Blockchain: “scalability, security and decentralization”. Information about some topics that what is ReapChain (REAP) coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about  Gifto (GTO) coin.

What is ReapChain (REAP) coin and how does it work?

Reap Coin, a token developed by ReapChain, is a new mainnet project to solve existing Blockchain triad, block generation time and transaction processing speed issues and integrate efficiently with IoT. REAP Coin is a native token running on the Ethereum blockchain and serving on the Reap Chain network.

The Shell-Core structure solves the current Blockchain triad, realizing the efficient convergence of the Blockchain and IoT industry. The new hybrid Blockchain is implemented through the shell-core structure and the PoDC consensus algorithm, in which public and private Blockchains are perfectly fused to solve the triple problem of the existing Blockchain.

ReapChain token features!

REAP coin features can be listed as follows:

  • The Reap Chain platform implements a dual-layer chain model that adds to the mainnet protocols. In this model, there is a fake cell block outside and a real blockchain inside.
  • In the pre-approval process of the transactions made in this system, a simultaneous data processing algorithm is created for DAPPs.
  • It provides a decentralized application by combining public and private cell blocks with the POCD structure.
  • With this platform, the problem of security vulnerabilities of private blockchains is solved and full security is tried to be provided.
  • The real-time data processing speed in blockchains is removed.
  • Problems for DAAP development without a proprietary technology in blockchains are resolved.

Which exchange is REAP coin on?

ReapChain coin is listed on some cryptocurrency exchanges such as KuCoin, Gate.io, LBank, etc.

How to buy REAP coins?

ReapChain coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

REAP coin supply!

Total supply of ReapChain coin is 1.892.300.000 REAP.

REAP coin price!

As of May 17, 2022, at the time of the writing, 1 ReapChain coin price is around $0,06 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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