In the rapidly evolving landscape of digital assets and decentralized applications, Rikeza Chain stands out as an innovative solution designed to bring programmability and interoperability to blockchain technology. Leveraging a Proof of Authority (PoA) consensus mechanism, Rikeza Chain supports rapid block times and reduced fees, ensuring secure and stable transactions. This dual-chain architecture not only facilitates high-speed trading but also seamlessly integrates with Ethereum’s tools and decentralized applications, making it a versatile platform for developers and users alike. Dive into the world of Rikeza and explore the future of decentralized finance and asset management.

What is Rikeza Chain?

Rikeza Chain is an advanced blockchain solution aimed at enhancing programmability and interoperability within the blockchain ecosystem. Utilizing a PoA consensus mechanism, Rikeza Chain ensures short block times and lower transaction fees. The most bonded validator candidates through staking become validators and produce blocks. The system's double-sign detection and other slashing logic guarantee security, stability, and chain finality.

Key Features of Rikeza Chain

• Programmability: Rikeza Chain supports smart contract functionality and is compatible with the Ethereum Virtual Machine (EVM). This allows developers to port their projects from Ethereum with ease.
• Interoperability: The chain supports cross-chain transfers and communication, making it a versatile platform for various blockchain applications.
• Low Fees and Fast Transactions: The PoA consensus mechanism ensures lower fees and faster transaction times compared to traditional blockchain networks.

What Can You Do with Rikeza Chain?

Rikeza Chain aims to create an alternative marketplace for issuing and exchanging digital assets in a decentralized manner. Here are some of the functionalities it offers:

• Send and Receive RIK: Users can easily send and receive RIK tokens.
• Issue New Tokens: Developers can issue new tokens to digitalize assets and use Rikeza Chain as the underlying exchange/transfer network.
• Smart Contract Deployment: With EVM compatibility, developers can deploy smart contracts and DApps seamlessly.
• Transaction History and Block Exploration: Users can explore transaction history and blocks on the chain via RIK SCAN, API, and node RPC interfaces.

Getting Started with Rikeza Chain

For those interested in exploring Rikeza Chain, the first step is to read through the FAQ and the getting started guide. These resources provide comprehensive information on how to use the platform, issue new tokens, and develop on Rikeza Chain.

Who Are the Founders of Rikeza?

Rikeza Blockchain Ltd was launched in November 2021 by Mohit Shukla and his team. Mohit Shukla, a blockchain programmer and entrepreneur, serves as the CEO of Rikeza. Before founding Rikeza, he was the Director of Study'n'Learn and the CEO of P2P Software's. The team also includes Akshay Kumar, a full-stack developer and blockchain engineer who played a crucial role in implementing Web3 technologies.

Introduction to Rikeza Chain's Technology

Rikeza Chain relies on a PoA consensus system that supports short block times and lower fees. The most bonded validator candidates through staking become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.

EVM Compatibility and Smart Contracts

Rikeza Chain supports EVM-compatible smart contracts and protocols. This compatibility allows developers to port their projects from Ethereum easily. Users can also configure applications like MetaMask to work with Rikeza Chain by tweaking a few settings.

Interoperability and Dual-Chain Architecture

Rikeza Chain's dual-chain architecture supports cross-chain transfers and communication, making it an ideal platform for fast trading and decentralized app development. The chain is optimized for scaling high-performance DApps that require a smooth user experience.

On-Chain Governance and Staking

Rikeza Chain employs a Proof of Staked Authority (PoSA) mechanism, bringing decentralization and community participation into the fold. The native token, RIK, serves as both the gas for smart contract execution and tokens for staking.

Asset Management with RIK20 Tokens

RIK20 is a token protocol on Rikeza Chain that extends the functionalities of the standard RIK20 tokens. It includes additional interfaces such as getOwner and decimals. This protocol is designed to facilitate the digitalization of assets and enhance liquidity options.

Migrating Projects to Rikeza Chain

Rikeza Chain is ready for other projects to migrate their tokens to take advantage of its performant transactions and native marketplace features. More information on how projects can set themselves up for this migration will be available soon.

Technology Details

For those interested in the technical aspects of Rikeza Chain, here are some key points:

• Consensus Mechanism: Rikeza Chain uses a PoA consensus mechanism, ensuring short block times and lower fees.
• Software Stack: The chain supports EVM-compatible smart contracts and protocols.
• Network Layout and Roles: The network layout includes validators, full nodes, and other participants who ensure the smooth functioning of the chain.

Running a Full Node

Running a full node on Rikeza Chain allows participants to listen to and broadcast live updates on transactions, blocks, and consensus activities. This is crucial for developers who want to build wallets and tools to help users interact with DApps.

Market Data and Statistics

Here are some key statistics about Rikeza Chain's market performance:

• Current Price: $0.0000
• Market Cap: $0.00
• 24h Price Change: -13.52%
• 7d Price Change: -59.06%
• 30d Price Change: 16.10%
• 24h High: $0.0001
• 24h Low: $0.0000
• All-Time High: $0.0018 (2023-06-20T12:40:00.000Z)
• All-Time Low: $0.0000 (2024-02-27T08:22:00.000Z)
• Circulating Supply: 0.00
• Total Supply: 10,000,000,000.00

Conclusion

Rikeza Chain is poised to revolutionize the blockchain landscape with its innovative approach to programmability and interoperability. By leveraging a PoA consensus mechanism, the chain ensures secure, stable, and low-cost transactions. Its EVM compatibility and dual-chain architecture make it a versatile platform for developers and users alike. Whether you're looking to issue new tokens, develop smart contracts, or explore transaction history, Rikeza Chain offers a comprehensive solution for all your blockchain needs.

For more information, visit the Rikeza Chain GitHub repository and explore the full proposal. Stay tuned for more updates on how to migrate your projects to Rikeza Chain and take advantage of its advanced features.

Feel free to reach out to our support team at contact@rikeza.io for any queries or assistance.