New EVM-compatible Public Chain REI Network Completed The “Better POS” Hard Fork Upgrade

Key Points:

• REI Network completed the “Better POS” hard fork upgrade at block height 9629061.
• The pledge rate will improve the stability and security of the chain and prepare for the overall activity of the chain and the ecological expansion of the chain.
• Additionally, REI Network and Coinstages have a media partnership.

The new EVM-compatible public chain REI Network completed the “Better POS” hard fork upgrade at block height 9629061.

The pledge rate will improve the stability and security of the REI Network and prepare for the overall activity of the chain and the ecological expansion of the chain.

Additionally, REI Network and Coinstages have a media partnership. Coinstages, a cryptocurrency company that offers infographics on cryptocurrency projects based on reliable market data, will assist the chain with marketing and networking to succeed.

The “Better POS” hard fork upgrade includes the following contents:

1. Introduce the small black room mechanism to punish “super nodes” that lose more than 300 blocks in a day;
2. Change the minimum threshold of the protection mode of REI Network from 10% (100 million), reduced to 7% (70 million);
3. Introduce support for the snapshot function;
4. Improve the EVM performance of the blockchain, which is expected to increase by 5 times.

REI Network is an EVM-compatible public blockchain. It has the advantages of being free, lightweight, and developer-friendly as an Ethereum parachain. REI is the native token of the project. The current use cases for REI include paying gas fees, governance, and stake to become a validator. The project consists of the following major components working in conjunction: the REI DAO, DPoS+BFT Consensus Algorithm, and System Contracts.

The existing high-cost and low-efficiency issues with public chains will be efficiently resolved by the chain. As a result, GXChain can support DeFi, GameFi, and NFT development, as well as the free and inexpensive application creation and quick application migration. It can also be shared and symbiotic with the EVM ecosystem.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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