Request Network (REQ)

An open network for transaction requests. It allows anyone to create, store and access invoices and receipts in a universal, decentralized network.

Request Network

Type	Token
Total supply	999.999.999

Basics

• Launched on:
• DeFi
• "Aims (to) become the de facto standard for exchanging fiat with cryptos."
• From their website (21-4-2020):

"By having all transaction requests in one place, companies with services like accounting, invoicing, payment processing, and auditing can plug into the same network and communicate with each other using the same single source of truth. It is built using blockchain technology and is completely decentralized. No one owns the network and the data remains verifiably immutable. Permissioned access means that the data remains accessible to those who need it, and completely private from those who don’t grant users ultimate control over their own data."

Audits & Exploits

• It says (21-4-2020) it is on 30% of an 'Encryption security audit'.

Governance

Treasury

• Plans to stake their treasury (or parts of it) in Bancor V3 (9-3-2022).

Tech

• Whitepaper can be found [insert link here].

• Consensus Algorithm:
• Capacity (TPS):
• Uses (21-4-2020) Ethereum, IPFS plus Request nodes and Request Gateways:

"Nodes receive transactions (such as the creation of a request or its acceptance), batch them, and save them on IPFS and Ethereum. They abstract IPFS, Ethereum and gas for the users. They also store all data.

Gateways make Request even easier to use than the nodes would on their own. They offer high-level APIs to Request users. These APIs then allow anyone to interact with Request seamlessly. That way anyone can manage their blockchain keys (if needed), identity, the purchase of gas, and so on. All using a clear, developer-friendly interface."

Privacy Method

Their roadmap states they want to work towards (21-4-2020): "Privacy improvements (compartmentalization, share a request, remove access)"

Roadmap

• Can be found here (21-4-2020).
• It says it is on 20% of V2, 60% of their explorer, 50% of Multis integration.
• Up next, with no timeline are: FIAT support, 'smart requests on Ethereum and other platforms', privacy options.

Usage

Projects that use or built on it

• From their website (21-4-2020):

Gilded (bookkeeping), Reqify (Shopify plugin), REQLoot (Online game) an WooReq (WooCommerce puglin).

Team, investors, Partners

Partnerships

• Has partnerships with Digi Global
• Partners (22-1-2018) with Chainlink
• According to the website (21-4-2020): Gilded (which is build with Request), Maker and Multis. Kyber, Y Combinator, WSBA, ABC and PwC France.