REI Network News

To better adapt to the trend of blockchain, REI Network is now compatible with EVM. To improve the on-chain transaction speed, REI Network has inherited the DPoS consensus mechanism from GXChain. To further reduce the on-chain costs consumed, REI Network innovatively developed a new method of staking to obtain on-chain resources. This article will focus on how is REI Network's free economic model realized? Why does REI Network require on-chain resources? REI Network is a public chain tha...

On December 30, 2021, REI Network announced the "REI Network Node Election Campaign" (https://medium.com/@GXS/rei-network-node-election-campaign-is-started-bbf0473a0380), and on December 29, the application for supernodes start 👇👇 https://forms.gle/PhrnuUKYiizDqyHA6. There are 21 nodes in the REI network ecosystem, which support the infrastructure of the REI network, including network operation, storage, computing, etc. REI network encourages all node members to take the lead in establishin...

Progress Report Jan.5-Jan.11Key points:REI Network partners with X Protocol, a Metaverse projectGXC-relay service has been developed;REI Network passed the CertiK security audit.A. Product Development ProgressREI-Network -Optimize testnet blocking delay @testing -Chainlist submit REI Network information @Merge -Optimize the node handshake protocol to reduce unnecessary messages -Optimize block producing node voting message broadcasting mechanism -Optimize the logic of replay REI-DAO: -https:/...

Progress Report Dec.29-Jan.4Key points:Last week, REI Network has been launched, while REI Network Node Election Campaign & $1,500,000 for REI Mainnet Bug Bounty was started.Upbit, the largest crypto exchange in Korea has supported REI Network mainnet upgrade and $REI token swap.A. Product Development ProgressREI-Network -Fix the error of estimates gas -Optimize the performance of get logs -Trunk code freeze -Deploy mainnet protection nodes and RPC nodes -Optimize the block generation delay o...

“You don’t own ‘web3.’ The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Know what you’re getting into…” Said Jack Dorsey, the founder of Twitter. RyanSelkis, the founder of Messari gave his reaction to what Jack Dorsey said: "Web3 is partially VC/LP owned and partially retail owned. The same is true for Bitcoin. And Twitter. But only Web3 offers users ownership without an investment of the principal."There is no dou...

REI Network mainnet was launched as scheduled on Dec.30, we are here to answer the frequently asked questions from the community about REI Network mainnet. If you have any concerns, please feel free to ask questions in the Telegram Group (https://t.me/GXChain_international)/Discord group (https://discord.com/invite/zhwWkXYtJt).1. Why is a observation period necessary for REI Network mainnet launch? How long will it take? A: In order to provide developers with a more stable development environ...

Progress Report Dec.22-Dec.28A. Staking DetailsTotal Staking Amount: 11273030.14197GXC Total Votes: 40726682.02144B. Product Development ProgressREI Network: -Optimize the code structure of the consensus engine -Optimize the code structure of the validator election -Optimize the code structure of the safe exit -Fix several issues for the current testnet, and release a new version -Main code freeze @50% REI DAO: -Optimize some components, add the ability to copy the node address -Add the displ...

Progress Report Dec.15-Dec.21A. Staking DetailsTotal Staking Amount: 10420406.88040GXC Total Votes: 38925301.22006B. Product Development ProgressREI Network: -Connected to the cluster to improve node performance -System contract performance test & optimization -Fix a synchronization issue of clique consensus -Optimize the code structure of the consensus engine -Optimize the code structure of the validator election -Optimize the code structure of the safe exit REI DAO: -Optimize node content l...

💡 From GXChain 2.0 to REI Network📌 New key points of REI NetworkIn the process of converting the native tokens of the mainnet from GXC to REI, the 1:10 split rule will be followed, so the maximum supply of REI will reach 1 billion.The team provides all the 25 million unlocked tokens as Ecology Grants, of which 5 million is used for node rewards, 5 million is used for marketing, and 15 million is used to incentivize developers.The on-chain governance module launched, the changes on the REI N...

Progress Report Dec.09-Dec.14A. Staking DetailsTotal Staking Amount: 10144853.65539GXC Total Votes:38049784.17407B. Product Development ProgressREI-Network -Repo migrated to: https://github.com/rei-network -Finished docs and glossary -Access to evmc@ 20% -Researched and run cluster to test the performance of VM -Realized cluster to improve the performance of nodesREI-Network Official Website -Published: https://proposal.gxchain.orgREI-Network Docs -Published: https://proposal.gxchain.orgREI-N...

DAO is an acronym for "Decentralized Autonomous Organization", which usually refers to a group formed for a certain task, and the task adopts the blockchain to implement rules and coordinate members to organize activities. The main benefit of DAO is that it is more open, transparent, and fair compared to traditional centralized institutions. It decentralizes decision-making power to all participants of DAO in a more reasonable manner and gives participants certain incentives to inspire people...

The advent of blockchain moves history forwards. New revolutions are always born as time goes by. Rebranded from "GXS" in the year 2017 to "GXC" to be unified with the GXChain, and finally rebranded to today's "REI". The core asset of GXChain has renamed itself three times in just a few years. But what we see is that every change of its name is the reform of GXChain, and REI Network appears for the revolution of GXChain's deficiencies. When we had the first idea about blockchain in ...