Ring Chain

About the Company

The scope of the project is to develop a POA (POS) programmable blockchain. The blockchain will be developed using a Validator concept. Node will auto mine blocks as per the time setup by the admin (min 1 sec) and also admin can setup their own reward programs based on the community demands. Our blockchain will eliminate traditional mining which consumes a lot of energy and eradicates the usage of sophisticated / high end devices for mining. Our system will enable the Validators to validate the nodes even by using the mobile phone / Laptops, computers etc. of specific configuration & features. PoS support validators and validator is the word that was derived from PoA (Proof of Authority) where we can decide reward programs. It's a kind of a fixed algorithm in which we will have validator nodes in POA. In POA we can have our validator nodes or can sell for huge $$$ and all erc20 erc 721 can be deployed on our own chain. Also, PoA is highly secure and uses less energy. In this method we will have our own validator and our own nodes.

The idea of reaching out to the community is the root of this intuitive project. Aiming to make a difference by creating a blockchain that could give every developer's a platform where they can learn blockchain within a lesser gas fee ecosystem. Ring Cahin is an Ethereum based blockchain, permissionless and having an Ring Chain IBFT consensus algorithm with on-chain governance and Proof of Authority (POA) is advanced Proof of Stake (POS) with a Bonsai Tries data storage structure that will speed up the transaction and saves more data in the chain. This means that the user within the community has more access to all features and can have its validator giving access to vote and propose ideas that could enhance the system as well as earn a reward in different staking programs.

Ring Chain's Goal is to,

Make blockchain accessible to everyone.
Promote safety and transparency.
Eliminate the expense and complexity.