This article was first published on RChain Cooperative - Medium
RChain Celebrates One Year Anniversary of Mainnet Going Live
By Steve Henley
Mainnet Goes Live
February marks the one year anniversary of the launch of mainnet, a major technical achievement for RChain.
REV Genesis was 1582631986995 milliseconds (Wed Feb 25 2020 11:59:46 UTC) after the Unix epoch at 00:00:00 UTC on 1 January 1970.
With the advent of mainnet, RHOC token holders received an equal number of REV tokens added to their REV wallet.
The RHOC token was a ERC 20 token based on the Ethereum platform. RChain’s native token is the REV token.
Visit http://revdefine.io/#/ to view the RChain platform transactions history.
Three Epochs and Counting
Among the RChain other successes over the past year are the epochs. At the start of each epoch REV token holders have the opportunity to stake tokens on the RChain Cooperative node validators. Staked tokens provide network security on the proof of stake (PoS) consensus blockchain. An epoch length is 250,000 blocks which is approximately four months. Token holders that stake REV currently receive a seigniorage reward of 7%. At the end of each epoch participants can elect to rollover their tokens to the next epoch or cash out their staked tokens and/ or their reward.
RChain coop members presented several ideas and user stories at the Ideation Workshop to promote the development of decentralized applications (dapps) and developer tools. Ideation Workshop winners received REV token rewards.
Submitted ideas included:...
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RChain Cooperative - Medium