Greg Meredith and Vlad Zamfir on RChain's plan for high transaction capacity

0:00it's January 7th 2017 and on this episode of the Crypto Coin Show I overview the are chain project a decentralized peer-to-peer digital currency designed to be highly scalable from the get-go with almost 40,000 transactions per second and running on the proof of stake consensus protocol could it be the next aetherium stay tuned to find out I'm Ashley Addison from event change

0:25audio and this is the Crypto Coin Show where I decrypt the facts to keep you on track in the crypto world our chain is the work of Greg Meredith who is a mathematician and developer who created a form of math called row calculus he was formerly the CTO of scenario another blockchain project currently under the ticker a MP Greg has advised for the etherion project and collaborated with

0:49proof of steak or POS protocols with vitalic butyrin and Vlad Zamfir POS is a newer protocol which is also planned for the etherion blockchain Greg designed our chain aiming to solve the social political and economic problems on a platform capable of coordinating human activity at a high scalable level arty and cooperative and our chain Holdings the for-profit entity of the project are

1:14built both based in Washington State and these are chain guys have had eight years of studying Bitcoin and aetherium blockchains to understand that right now they can't scale very well Bitcoin has huge transaction fees and the network often has over 100,000 pending transactions in aetherium cannot scale past more than a few dozen transactions per second although they are working on

1:35these upgrades like proof of stake and Casper protocol to scale aetherium as well Vlad Zamfir is one of the top developers of aetherium working on the Casper proof of stake protocol and back in September Vlad joined the our chain co-op as well in my mind he is one of the greatest minds in crypto so participation in our chain development could be game-changing early testing of

1:58our chain has proven it is capable of more than 40,000 transactions per second much higher than a Bitcoin and ethereal block chains are currently capable of inside of our chain there are a variety of component features the Rho calculus which is a mathematical model of computation with formal models of verification for transactions the Rho Lang which is a smart contract

2:19programming language the Rho VM virtual machine which is similar to a theorems EVM virtual machine and the proof of stake protocol and the nodes that can run public or private blockchains our chain is one of the many alternative programmable high-capacity block chains that could potentially take over a theorem in the future other block chains competing so to say

2:41with etherium and our chain our Neo Geo's Cardno cute and zelicah our chain has talked about supporting sister chains the first one may be being shares per our comm sister chains our chains that create a mutually beneficial relationship of multiple parties working on the same base at first communication they can't talk to each other but their goal is working on intellect protocols

3:06and internal communications between block chains they recently also came out with a working node called our chain node hello version 0.1 it is the initial milestone release of the node software along their flight to the mercury release I'll put a link to their blog post on the announcement in the details down below as for the our chain team edie ech hold

3:30is the CEO of our chain holdings and has led multiple large-scale projects with over 30 years of experience in the technology industry Greg Meredith is the president of our chain co-op and the powerhouse behind our chain Kenny Rowe is the chief operating officer and the head of operations at maker Dow and he's a senior consultant at coin fund Evan Jenson is the secretary of our chain and

3:54also the legal counsel and vlad Zamfir is the most known for his research and design work on the casper proof of stake consensus protocol for the etherium project but he is partnering with our chain to ensure they are highly scalable as well how our team came about originally was through a token swap of a MP tokens in a private presale the our chain our hoc ticker is currently listed

4:18on the decentralized exchange through Delta and also on ku coin exchange and when it was listed it started at about 15 to 20 cents American as of this video it is sitting somewhere between two and three dollars American with a market cap of 350 to 400 million dollars and this isn't even listed on any of the larger exchanges yet like bit tricks finance and Polonia acts so you