Reef Chain is a Layer 1, EVM-compatible blockchain based on Substrate. Its infrastructure also enables EVM extensions, allowing for native token bridging, scheduled calls (e.g., recurring payments), and in-place code upgrades of smart contracts. With lower gas costs and turbo-fast transactions, thanks to the Nominated Proof of Stake consensus mechanism, Reef offers high scalability and affordable transactions to the NFT, Metaverse, GameFi, and DeFi communities.
Reef Chain is a Layer 1, EVM-compatible blockchain based on Substrate. Its infrastructure also enables EVM extensions, allowing for native token bridging, scheduled calls (e.g., recurring payments), and in-place code upgrades of smart contracts. With lower gas costs and turbo-fast transactions, thanks to the Nominated Proof of Stake consensus mechanism, Reef offers high scalability and affordable transactions to the NFT, Metaverse, GameFi, and DeFi communities.
Reef aims to be the future blockchain for DeFi, NFTs, and gaming. Our layer 1 blockchain is fast, scalable, has low transaction costs and does no wasteful mining. Reef features next-gen blockchain technology, utilizing Nominated Proof of Stake, extensible EVM, on-chain upgradability, libp2p networking and state of the art cryptography.