RChainHow & Where to Buy RChain A Step-by-Step Guide to Buying RHOC
- Sign up at CoinSwitch, the #1 rated RHOC exchange.
- Fund your account with cash or crypto.
- Buy
RHOC
- STEP 1Find the Best RHOC Exchange
Ease of useVery EasyTime to 1st Buy24h Volume$Coins361This mobile aggregator platform collects data from all major exchanges, making it possible to swap a large number of cryptocurrencies at highly competitive rates. Mobile app-only CoinSwitch Kuber is the most popular cryptocurrency exchange service in India, with over 4 million users. Hassle-free arbitrage and trading process.
Go to CoinSwitch and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.
This is completely normal and all exchanges we list on this page have security in place to protect your personal info.
- STEP 2Fund Your Account
It is now time to add funds to your newly created exchange account. This will allow you to purchase RChain
RHOC quickly.Upon signing up at the exchange, you should be shown easy to follow instructions to buy RHOC with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for RHOC.
Frequently Asked Questions About Buying & Selling RChain (RHOC)
How do I Buy RHOC with Crypto?
If you want to buy RHOC with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for CoinSwitch and send your crypto to your account.
You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to CoinSwitch.
You will then copy that address and paste it into the wallet holding your cryptocurrency and send.
Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.
How do I sell RChain (RHOC)?
To sell RHOC, simply reverse the buying process described above. You will likely need to trade your RHOC into a USD coin like 
USDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.
What is RChain?
RChain is a novel system of blockchains that heavily emphasizes the use of smart contracts. RChain hopes to provide advanced security and a programming interface that makes user-defined applications unambiguous. It is programmed in the Rholang computing language, which helps its ability to be “censorship resistant.” RChain aims to achieve robust scaling, security, and fast transaction times using parallel blockchains created for specific tasks by the Rho Virtual Machine (RhoVM).
Some of the potential applications of the RChain platform and RhoVM include financial services, monetized content delivery networks, marketplaces, governance solutions, DAOs, and RChain’s own flagship decentralized social platform.
History of RChain
RChain arose as an idea in mid 2016 out of the desire to make improvements on traditional blockchain architectures. Founded by former Microsoft developer Greg Meredeth, president of the Seattle-based RChain Cooperative, RChain is a for-profit operation which raised funds through an ICO process in September 2017. The rest of the cooperative, which is responsible for making changes and improvements upon the platform, is a diverse team of computer science and industry professionals. The team started out with a mission to provide blockchain-based solutions “at the scale of Facebook and support transactions at the speed of Visa,” concluding that current platforms of the time, like bitcoin and Ethereum, were not suitable for accomplishing such tasks.
With much of the system still under development, ICO participants were rewarded with ERC20-compliant tokens under the symbol RHOC, which are to be later reimbursed at a 1 to 1 ratio for RChain platform-native REV tokens upon initial launch of the project.
How RChain Works
The RChain platform is constructed using the programming language Rholang. The RhoVM software is Turing-complete, byzantine fault-tolerant, and “easily replicated.” It makes skillful use of smart contract features, having the ability to execute them in a series of parallel networks known as a multi-chain. This allows for specific sets of information to be transmitted more quickly than that of traditional blockchain architectures, where all data is channeled through a single chain.
RChain is developer friendly, with built-in features to help to ensure the creation of safe, stabile decentralized applications (dApps). It adds a layer of security by employing the use of namespaces, an advanced filing and classification system that defines parameters such as visibility, access, composition, and contract features. Namespaces are used to designate properties to smart contracts, including the terms under which they are executed, and which parts of the network they are to effect. In this way, RChain is not a rival of bitcoin or Ethereum because its potential applications are extremely broad and undefined.
Why RChain?
- Extremely fast transaction settlements, low fees, highly scalable
- Open-source API allows for a wide array of user-made dApps
- Namespaces help define “type-safe environmental policies” including type of encryption, supported interfaces, economic protocols, and identity
- Sophisticated smart contracts enable meta-programming, reactive data streams and pattern matching