Description
Rainbow Network is a pioneering blockchain project combining Directed Acyclic Graph (DAG) and blockchain technologies to offer a high-speed, zero-fee platform designed for interoperability and scalability within its ecosystem. Aimed at addressing the limitations of traditional blockchains like high fees, low throughput, and poor interoperability, Rainbow Network provides an efficient platform for decentralized applications (dApps) and various use cases such as finance, gaming, and DeFi solutions. It features a native cryptocurrency for transactions and governance, staking, rewards, and advanced consensus algorithms. Moreover, Rainbow Network introduces an innovative off-chain non-custodial exchange and payment system capable of supporting any liquid asset through its unique Rainbow channels. These channels allow for instant and nearly cost-free transactions, enabling users to trade, lend, borrow, send, and receive assets entirely off-chain, with synthetic asset balances collateralized by a single asset on the parent chain. Rainbow Network thus facilitates a scalable network of fully-hedged market makers via bilateral Rainbow channels and offers multiple constructions of these c...
Rainbow Network is a pioneering blockchain project combining Directed Acyclic Graph (DAG) and blockchain technologies to offer a high-speed, zero-fee platform designed for interoperability and scalability within its ecosystem. Aimed at addressing the limitations of traditional blockchains like high fees, low throughput, and poor interoperability, Rainbow Network provides an efficient platform for decentralized applications (dApps) and various use cases such as finance, gaming, and DeFi solutions. It features a native cryptocurrency for transactions and governance, staking, rewards, and advanced consensus algorithms. Moreover, Rainbow Network introduces an innovative off-chain non-custodial exchange and payment system capable of supporting any liquid asset through its unique Rainbow channels. These channels allow for instant and nearly cost-free transactions, enabling users to trade, lend, borrow, send, and receive assets entirely off-chain, with synthetic asset balances collateralized by a single asset on the parent chain. Rainbow Network thus facilitates a scalable network of fully-hedged market makers via bilateral Rainbow channels and offers multiple constructions of these c...
