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REI Network
$0.02492
5.24%
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REI Network Information
REI Network Supported Platforms
About REI Network
REI Network, originally GXChain, is a public blockchain framework that prioritizes Ethereum compatibility, high performance, and a nearly zero-fee transaction system. This approach is achieved through a unique staking and resource management design, making on-chain activities almost cost-free for users. The network supports various Dapps with a focus on sectors like DeFi, GameFi, and NFTs. Developed by the GXChain Foundation, REI Network represents a strategic evolution in the blockchain domain, aiming to offer more efficient and user-friendly blockchain solutions.
REI Network is a public blockchain platform that evolved from GXChain. It offers solutions for decentralized data exchange and is designed to be lightweight, Ethereum-compatible, and high-performing. A key feature of the REI Network is its near-zero fee transaction system, achieved through an innovative design of staking and resource management. This system significantly reduces the cost of on-chain transactions, making them almost free for users. Additionally, the network supports a range of decentralized applications (Dapps) and focuses on low resource consumption through its unique tokenomics.
The REI Network is utilized for several purposes:
- Staking and Voting: Users can stake their REI tokens to participate in network governance. By voting for validators, they can earn rewards and contribute to the network's security.
- Dapp Development: The platform supports the development and operation of decentralized applications (Dapps), with a focus on areas such as DeFi, GameFi, and NFTs.
- Free Gas Transactions: One of the key features of the REI Network is its ability to offer almost zero-fee transactions. This is achieved through an innovative design where staked tokens are used to replace on-chain resources.
- Fast Transaction Processing: The REI Network is engineered for speed, with an average block time of 3 seconds and a transaction per second (TPS) rate of over 3000. This ensures a quick and efficient user experience.
The REI Network was developed by the GXChain Foundation. It represents a comprehensive evolution of the GXChain ecosystem, focusing on improved stability, security, and technological advancement. The rebranding from GXChain to REI Network was part of a strategic move to adapt better to the evolving blockchain landscape and to position the network as a more modern and robust platform.