RealTract is based on Smartcontract 2.0 of Blockchain 4.0, with high performance speeds up to millions of transactions per second. RealTract aims to solve problems such as low applicability, congestion in transactions, high commissions, long confirmation delays, weak resistance to quantum attacks, slow communication and transaction speeds, inability to cross and merge links, and large storage space.

Project Introduction

RealTract Chain (RETchain) is based on ETH 2.0 (PoS), further upgraded to Proof of Honor (PoH), using HodgeRank to rank nodes based on stake volume and transaction volume, encouraging DApp developers to serve as many users as possible and generate as many transactions as possible. PoH also adopts an advanced incentive system to eliminate all cheating and lazy miners to maintain the longevity of the blockchain network, and adopts a more advanced intelligent free refueling policy "gas station" than Tron to make blockchain transactions cheaper, while simultaneously anti-spam evenly and motivate miners. Launched Smart Contract 2.0 ("Renren Smart Contract"), adopting a multi-layer structure and preset templates for non-technical users to deploy to RETchain. These smart contracts can be inserted into the latest decentralized technologies in the blockchain field (such as IPFS, ChainLink, etc.) to serve real-life use cases. A privacy protocol called Sec.RET was invented on RETchain as the world's first scripting tool to support smart contracts and provide "on-demand privacy" (rather than "default privacy"), bringing blockchain closer to large-scale applications.

Project Vision

In order to cope with the multi-faceted challenges of large-scale blockchain applications, RealTract has chosen a multi-pronged approach to enhance the experience of three different users by providing three independent packages: developer experience (DX) products, user experience (UX) products and enterprise experience (EX) products. These products are designed to achieve RealTract’s goal of creating a business-centric enterprise-level blockchain ecosystem based on highly scalable and reliable infrastructure, populated by high-quality blockchain products and services, supported consumer services by stable inflows of end users, and able to collaborate with enterprises to scale for large-scale adoption.

RealTract Reinforcement DX aims to invest in achieving large-scale blockchain applications, and the safest way to choose: ensure that excellent products are developed on the RealTract ecosystem. Only by integrating the key values ​​of technologies such as transparency and tokenization into the core design of blockchain and having excellent polishing and usability, can we be closely linked to users' daily lives - so that user groups can be built, see these groups expand and become communities, and discovering that user behavior data accumulates in meaningful quantities. When the aggregated user data can be used to discover valuable insights, that moment will become the beginning of a virtuous cycle of blockchain product evolution, and will inevitably be adopted on a large scale.

To alleviate obstacles for enterprises when developing blockchain products and services, RealTract will provide the necessary underlying technologies and development tools to solve numerous friction points. DX products will start with integrated development environments and blockchain interoperability software and will be expanded to include developer-friendly platform features and policies: These will include platform infrastructure dedicated to providing reliable throughput of 2500 tps and above, instant responsiveness for 1 second termination per block, and predictable operating costs based on a fixed transaction fee model. In addition, in order to achieve frictionless use of users, RealTract provides platform-level support to enterprises and subsidize transaction fees for users.

Technical Highlights

● ANONYMOUS-ON-DEMAND: Enter and exit RealTract mode at any time.
● Sustainable development (anti-spam, anti-hacking)
● PROOF-OF-STAKE: Fast, cheap, scalable, energy-saving, environmentally friendly, democratic.
● Portable: Allows developers to port their smart contracts to other decentralized technologies.
● Cheap: Cheaper than current decentralized alternatives and consume less natural gas. Smart contracts optimized for natural gas usage, setting a balance between anti-slag and economic viability.
● Fast: fast speed. There can be 5 seconds of blocking time, and thousands of transactions can be processed per second.
● Modification: Use powerful templates to customize your application to meet specific user needs.
● Ultimately: Every block stored is irreversible-no past contract can be revoked.
● Upgradeable: Fast end-of-view matches the throughput requirements of your growing user base.
● Security: Access control firewalls to protect your applications from malicious modules.
Simple: It can be integrated with Smart Contract 2.0 in just a few lines of code without major modifications.
● SOVEREIGN: Propose changes through the governance module and vote on blockchain upgrades.
● OPEN SOURCE: Together to create a free and open source RealTrac developer community.

Application Scenarios

● Artificial intelligence, machine learning
Train machine learning models with data from multiple entities without exposing the underlying dataset and allowing users to retain control over their data. It is used for training autonomous vehicles, as well as credit scores for P2P lending and insurance.

● Supply Chain
Make sure your supply chain is auditable and verified without sharing every step of your distribution network with others. If a real product has its ID code removed, it becomes a fake and cannot be traded.

●Decentralized Finance
Privacy is the key to the massive adoption of open finance Centralized exchanges are subject to the arbitrary nature of their jurisdictions. Build a decentralized economy where your users trade in a connected token economy. Build a decentralized financial service to maintain the privacy and confidentiality of transactions and user data from end to end.

●Game
Games are one of the most obvious platforms for digital currency use. Build a engaging game with digital merchandise that can be traded directly on your platform.

● Video streaming
With our strong high-throughput consensus, high-performance decentralized video streaming can be achieved.

● Anonymously predict the market. Use the wisdom of everyone to build a global forecasting market. RETchain provides you with plenty of flexibility to build predictive market capabilities in its module library.

●Cross-border payment
Completely transform traditional banking business by reducing friction and costs of cross-border transactions and payments.

●Real Estate Tokenization
We live in a token economy now. Everything is being tokenized. Fiats. gold. Bonds. Memory Computing Capability. Digital art. Collections. building. More.

●Private Data Analysis
Share and run analytics using the most sensitive data (including medical records or trade secrets) while retaining confidentiality and reducing the risk of breach or abuse. More about how developers like Kara can implement it.

●Safe DevOps
Run infrastructure changes and upgrades with high integrity while managing cloud credentials with confidentiality, perform all outbound API calls within a secure enclave for additional security.

●Remote device control
Remote management of IoT devices or infrastructure devices, no matter how critical, can be remotely managed through high integrity services.

● Healthcare
Blockchain has an immutable architecture, which makes the way in which electronic medical record data can be stored is protected from any or all hackers and vulnerabilities.

●Energy
A decentralized energy system based on new solar modules can create efficient energy, even in areas where infrastructure is weak or conflicting.

●Anti-money laundering/KYC
Helps clients reduce onboarding waiting time without repeatedly providing the same information to financial service providers. Improve the KYC/AML compliance system and store personal information that utilizes KYC/AML consistency.