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REI

REI Network

$0.01922
0.66%
Open
-
High
-
Low
-
Vol.
-
coindesk-loading-spinner
1H
24H
7D
1M
1Y
All
Market Cap. #583
$18,780,923
Volume (24h) #879
$867,967
Supply (Circ. / Total / Max)
976.76M / 1B / ∞
Launch Date
2019-06-28
Block Number
304,111
Block Reward
-
Last Block Size
-
Network H/s
-

REI Network Price Converter

REI Network

REI Network Information

Resources

WebsitesWebsiteWhitepaperBlog
Block Explorersreiscan.com
Code Repositoriesgithub.com/REI-Network/rei
Supported Standards
ERC-20
Industries
Platform
DeFi
Gaming
Collectible (NFT)
Communitieswww.reddit.com

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:

  1. 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.
  2. Dapp Development: The platform supports the development and operation of decentralized applications (Dapps), with a focus on areas such as DeFi, GameFi, and NFTs.
  3. 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.
  4. 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​​​.