Reef Description
Reef chain combines the best features of most popular blockchains while maintaining full smart contracts compatibility. Reef chain is an EVM-compatible blockchain for DeFi. It is fast, scalable and has low transaction costs. It is built using Substrate Framework, and has on-chain governance. Transfer your existing applications from Ethereum onto Reef chain without having to modify your Solidity code. Transfer liquidity between Ethereum and Reef chains by deploying ERC-20 assets already on Reef. Reef chain was designed with sustainability and upgradability in mind. Reef chain uses next-generation blockchain technology. It utilizes Nominated Proof Of Stake consensus, EVM Extensions, and state-of-the-art cryptography. The community-elected Technical Council makes it possible to self-upgrade.
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Incredible technology Date: Aug 08 2022
Summary: Capable blockchain not well known without enough users to test features often. A good chance it will be in the top 10 chains within a few years.
Positive: Intricate staking protocol with a very capable interchangeable chain able to sustain entire game ecosystems.
Negative: Bad marketing and no mobile on-boarding access available.
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