Request Network (REQ)

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

Request Network
TypeToken
Total supply999.999.999

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."

History

Audits & Exploits

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

Bugs/Exploits

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token allocation

Tech

"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

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

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

Pros and Cons

Pros

Cons

Competition

Team, investors, Partners

Team

Investors

Partnerships