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Reef is leaving the all time lows
Reef is leaving the all time lows
In August Reef hit the all time low, from there it seems to bounce. Will Reef go upwards from now?
Let’s find it out in today’s analysis.
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What Is Reef (REEF)?
Reef is a Reliable Extensible Efficient Fast Layer-1 Blockchain for DeFi, NFT & Gaming. Built using Substrate Framework, it provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase.
Reef Chain is the most advanced EVM-compatible blockchain. It's self-upgradable and has on-chain governance. Its infrastructure also allows for EVM extensions which allows for native token bridge, scheduled calls (ie. recurring payments), and smart contract in-place code upgrades. In the near future, it will support additional VMs which will allow developers to write code in multiple programming languages. The network runs on a Nominated Proof-of-Stake (NPoS) consensus mechanism, which offers scalability and low fees.
REEF is the native token that is used for:
* Fees for processing transactions and storing data.
* Running validator nodes by staking REEF tokens.
* Nominating which validator nodes should be part of the network.
Reef is backed by multiple leading funds and venture capitalists including NGC, QCP, Bitcoin.com, Kenetic Capital, LD Capital, TRG Capital, Krypital Group, Genesis Block, Woodstock Fund and others.
Reef Chain development tools include:
* Remix and EVM integrated development environments for uploading and deploying smart contracts.
* Reefscan blockchain explorer to assist with deploying validators, bonding and nominating validators, debugging contracts, and understanding network performance.
* Reef command line tools that allow developers deploy applications from local environments.
* Reef wallet for accessing and interacting with the blockchain
Source: https://coinmarketcap.com/currencies/reef/
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00:00 ⏩ Intro
00:22 ⏩ Reef is leaving the all time lows
06:22 ⏩ Thanks and Goodbye + Outro
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*Disclaimer*
Please be advised that the content of my videos are intended FOR EDUCATIONAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.
This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.
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