Happy International Cooperative Day! Here is RChain's vision 

The last few weeks have made the current blockchain scalability problem evident.

A problem that most everyone in the industry was aware of has been made evident and urgent in the past two weeks due to a few huge ICO’s on the Ethereum network and the imminent Bitcoin fork. Scalability is our biggest obstacle towards mainstream adoption.

*Kudos to myetherwallet for a miraculous showing.

"Early developer tests indicate RChain will be capable of providing 40,000 transactions per second, putting the platform on par with major credit card companies like Visa. Unlike credit card companies, there would be no centralized database that is vulnerable to hacks. User data will reside on RChain’s decentralized storage infrastructure, encrypted by a user’s private keys that are off-chain.

Existing blockchain developers are struggling to address several additional issues, including: efficiency of the consensus protocol, burdensome node requirements, and provable correctness of smart contracts.

RChain takes a novel approach to solving these problems...”

read the complete article An Introduction to RChain, recently featured on The Blockchain Investment Blog. 

Latest Community Debriefs

Every Wednesday the team joins in a hangout that streams to RChain’s youtube channel.

Below are timestamps with accompaning documents from the last “RChain Debrief” hangouts that are held every Wednesday at 11AM (PDT)

June 28th

 - Introduction: Casper Research updates

 - Kent demonstrates token contract in Rholang

 - Greg and Mike Stay give updates regarding Ladle Algorithm

 - Ed’s gives updates on the RChain Holdings Company

- Conclusion: Greg's reading his email regarding Global Issues

June 21st

 - Introduction: 129M RHOC’s Burned from the redemption event

 - Conversation around staking tokens total supply and issuance

 - Co-op financials document

 - Development updates:

 - Cell 1 contract now running on Rosette

 - Mike and Greg give research updates 

 - Mike discusses new hires

 - Conclusion

Cooperative Updates

Three new hires have been made since the last update with a fourth coming soon. All expected to begin work in July. Mike and Nash(Co-founders of pyrofex) are simply looking for quality all around software engineers who can work on the whole project.  

Greg, Alex, Kent, Joe, and Glenn have been working diligently on Tutorial videos for Rholang that will demonstrate the language's capability so that enthusiastic devs can start toying around immediately.

In regards to ‘official“ membership within the RChain Cooperative, it is expected that we will be good to go in all 50 States by the end of July. Leaving ample time before the first meeting in October. International membership will be complicated and we will need to consult people from other countries.

More Information

Join the conversation on slack.rchain.coop.

Collaborators are most welcome on Github/Rchain/Members.

Keep engaged in the conversations around cooperative activisim every Wednesday at 10AM(PDT) before the community debrief. 

Cheers!

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