Measures absolute and relative price fluctuations over several time frames and other variables.
Calculates returns in comparison to moving averages and other factors.
Measures the ability to scale, upgrade and other technological weaknesses or strengths.
Evaluates public acceptance, participation of developers and other key factors.
RChain is building a blockchain with the hopes of becoming the next generation ecosystem. In that sense, RChain is competing against the current main crypto chains (Bitcoin and Ethereum) as well as competing against Dash, Ripple, and NEO to become the next generation blockchain. It’s a crowded space for sure but if it’s token value means anything, it has gained ground while almost all of its competitors have floundered.
Bitcoin’s transactions per seconds (TPS) is abysmal (only 3-7 per second) and RChain has made it their goal to be capable of delivering a 100,000 TPS. However, RChain has yet to prove that it can deliver this TPS in the real world.
But that’s just one aspect of RChain that will prove if it is ultimately successful. RChain can also improve the network efficiency in other ways. While RChain has yet to answer on the specific problems and solutions they have provided a detailed roadmap of their project which has proven beneficial to their token value.
RChain is built upon the idea that current blockchains are slow and unscalable and will so. RChain’s mission is to improve upon the inspiring blockchain’s potential by utilizing the Rho Virtual Machine which are sharded to provide a proof of stake on the RChain. The RChain requires developers to use the Rholang (a programming language which is inspired by Python and focuses on improving the concurrency of smart contracts).
The RChain team is a fairly well-rounded team. They have a good mix of people to deliver on the technical side of a project like RChain. However, their rating goes down when you consider that some team members have been apart of failed projects.
RChain is a blockchain project that aims to implement a scalable blockchain architecture that will allow applications built on RChain to scale to the level of large-scale applications such as Facebook and Visa.