Difference between revisions of "Request Network (REQ)"

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Revision as of 08:59, 23 January 2022

Request Network
TypeToken
Total supply999.999.999

Basics

  • Launched on:
  • DeFi
  • An open network for transaction requests. It allows anyone to create, store and access invoices and receipts in a universal, decentralized network.
  • "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."

History

Token

ICO

Token allocation

Tech

  • 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."

Oracle Method being used

Privacy Method being used

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

Governance

Upgrades

Audits

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

Bugs

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

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

Pros and Cons

Pros

Cons

Competition

Big Holders

Team, investors, Partnerships, etc.

Team

Investors

Partnerships