Reflective Venture partners are a privately owned and managed digital currency fund that originates from an ongoing partnership with the RChain cooperative. The RChain cooperative is a third-generation Blockchain applications platform currently under development.
The cryptocurrency aims to support RChain in its struggles to advance an open-source, decentralized PoS platform to get a solution for the deficiencies of existing Blockchain architecture through speed, versatility, and scale.
Reflective Ventures Launch Of Fund One
Reflective ventures partners announced the firm’s initial fund dubbed (Fund one) amounting to 100 million RHOC which represents RChain Cooperative’s native digital currency. It Is a way to support its investment and development of Blockchain-specific distributed applications (dApps) and decentralized solutions.
The coin currency’s plans to fund a minimum of twelve dApps in 2018 will be a significant mentor and directly assist with each startup.
“We are determined to funding, development and finally developing the next generation of Blockchain innovation. Our team made up of startup founders and seasoned executives from different disciplines such as marketing, tech and financial industries will influence its experience to evaluate staff and build each developed team and also offer hands-on access to the RChain Blockchain platform.” Said Greg Heuss, the managing partner of reflective Venture partners
Rholag RChain Coop Crypto Fund Partners Programming Language
According to Greg Meredith, the president of RChain cooperative confirmed that they are currently using Rholag programming language to address the challenge of scalability and smart contracts security. The main reason is to develop a Blockchain platform that can scale and safely process transactions loads.
Also, RChain cooperative aims to work with Reflective Ventures to identify and organize Blockchain startups on the RChain platform. They also proposed to increase awareness, interest, and adoption of between early stage Blockchain specific dApps, business enterprises consumers and talented consumers.
The Team Behind RChain Cooperative
RChain was developed by Greg Meredith, a mathematician and software engineer who previously worked with giant tech companies like Microsoft. The board members and include; Vlad Zamfir who serves as the lead researcher for Ethereum foundation (Casper Proof of Stake protocol) and Alexander Bulkin who is the co-founder of Coin fund among other reputable members.
A team of RChain cooperative members who were involved in the private token sale for members includes industry experts who have previously worked with companies like Microsoft, Google, Amazon, Facebook, and IBM.
The Primary Role Played By Reflective Ventures Partners
In agreement to its principal objectives of discovering and creating valuable and expensive opportunities for RChain Cooperative and membership, the digital currency will ensure that all dApp token capitalization events will be a priority and will be offered to the entire RChain membership.
It is a fact that the partnership between Reflective Ventures partners and RChain cooperative will be significant in supporting the development of Blockchain-distributed applications (dApps) and decentralized solutions. Apart from that, the partnership will ensure they train and provide hands-on-access to the RChain Blockchain platform.