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Reef

Reef is designing a blockchain for DeFI, non-fungible tokens (NFTs), and gaming.

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All edits by Daria Baranko

Edits on 19 Jan, 2022

Daria Baranko

edited on 19 Jan, 2022

Edits made to:

Infobox (+9 properties)

Timeline (+5 events) (+227 characters)

Description (+78 characters)

Article (+1 images) (+919 characters)

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Reef

Reliable, Extensible, Efficient and Fast blockchain for DeFI, NFTs and gaming.

Article

REEF is the native token that is used for:

Fees for processing transactions and storing data.

Running validator nodes by staking REEF tokens.

Nominating which validator nodes should be part of the network.

Reef is backed by multiple leading funds and venture capitalists including NGC, QCP, Bitcoin.com, Kenetic Capital, LD Capital, TRG Capital, Krypital Group, Genesis Block, Woodstock Fund and others.

About Reef:

Reef Chain is the EVM-compatible blockchain. It's self-upgradable and has on-chain governance. Its infrastructure also allows for EVM extensions which allows for native token bridge, scheduled calls (ie. recurring payments), and smart contract in-place code upgrades. In the near future, it will support additional VMs which will allow developers to write code in multiple programming languages. The network runs on a Nominated Proof-of-Stake (NPoS) consensus mechanism, which offers scalability and low fees.