What is REITs CHAIN?
REITs CHAIN global asset digitization ecological public chain, is decentralized and open source public chain with smart contracts. With a rich Web3+DeFi+NFTs+DAOs+Metaverse new ecology. With PoW+DPoS hybrid mechanism, two ledgers running simultaneously, decentralized, high throughput, security, encryption, privacy and other features, and more flexible mining method and more stable block output, it will provide unlimited new opportunities for various asset digitization services. It becomes a super underlying service public chain that supports a large number of commercial-grade applications.
The mechanism of PoW is prone to bifurcation due to different community consensus, thus generating different blockchains and communities, and the dominant force of bifurcation is mainly miners and developers, which will bring great uneasiness to investors. And the introduction of DPoS consensus mechanism will be good to avoid the community split generated by the fork.
The DPoS mechanism is efficient and responsible for selecting legitimate transactions from the transaction storage pool, packing them into blocks, and then broadcasting them to the network via the p2p protocol, while the implied PoW requires miners to complete a certain proof of workload to prevent the main chain from forking, and establishes an elimination mechanism, so that any node that makes a false entry or has a biased record within 14 seconds will be eliminated. Thus, speed, security and decentralized nature are taken into account. This will make the community and ecological development more stable, orderly and effective.
So to summarize, when you send RCH to someone, the transaction must be added to the block which will get mined. The updated state is then shared with the entire network.
What is REITs Chain's API?
The best Blockchain APIs allows you to request information about the main objects in the blockchain, such as blocks, transactions and addresses.
It is also possible to obtain information on unspent transaction exits (UTXO), contracts, statistics and address balances.Paying with bitcoin is an attractive payment method, mainly because its transaction fees are not large compared to other popular online payment methods.
This fact contributes to profit growth, a more competitive pricing model and the ability to offer services to customers around the world at affordable prices.One of the main obstacles associated with accepting payments in Bitcoin is the need to create a unique Bitcoin address or account for each new user.
These generated addresses must be monitored and secure.
To use the Blockchain API (application programming interface) to receive payments, you need to fill out a special form.
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