⦁ RChain is a decentralized general computation platform for building secure applications that will aim to address a variety of social, political, and economic problems. To become a blockchain solution with industrial-scale utility, RChain must provide content delivery at the scale of Facebook and support transactions at the speed of Visa.
The RChain decentralized applications platform is powered by the Rho Virtual Machine. Each instance of RhoVM executes an independent set of smart contracts on an independent blockchain and networks only when necessary. This means that RChain is partitioned (sharded) by default, resulting in a network of coordinated and parallel blockchains. This well sought-after "multi-chain" design is built with self-sufficiency in mind, and it represents a victory unique to RChain. As the platform grows, nodes simply initialize new instances of RhoVM to manage the load. This allows the platform to scale linearly while keeping performance, consistency, and code complexity constant.
Each instance of RhoVM is lightweight and multi-threaded, so multiple high-performance instances can exist on a single node. Thus, applications on RChain achieve unprecedented throughput, availability, and response time.
Key design features include:
⦁ Rho Calculus, a mathematical model of computation with formal models and formal verification.
⦁ Rholang, a strongly typed smart contract programming language.
⦁ RhoVM, a concurrent virtual machine.
⦁ Correct-by-construction software engineering.
⦁ Formally verified smart contracts (because of above reasons).
⦁ Proof-of-stake consensus protocol.
⦁ Multiple blockchains on a single node. (Compositional blockchains, which in effect allow a small node to support multiple blockchains.)
⦁ Nodes configurable as public, private, or consortium blockchains.
Namespaces will offer developers a semi-automated framework to collocate and execute sets of contracts based on their features, dependencies, and behavioral patterns. These properties can be checked statically to help developers construct type-safe environmental policies on encryption, supported interfaces, economic protocols, identity, and much more.
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2018 - present