Main net to be launched on October 31st
This is a day that our team at RioDeFi has been looking forward to for the last eighteen months. On Saturday, October 31st 2020 RioChain main net will launch. The release of the Genesis block will mark the conclusion of a cycle of intensive technical development. At the same time the launch of RioChain will mark the true beginning of RioDeFi’s ecosystem of decentralized financial services.
Our technical team recently released a detailed report describing the implications of the transitioning from the test net to the main net. Of particular note is the upgrade to Substrate 2.0 and the implementation of our test Generic Asset Bridge.
RioChain main net will launch using a phased rollout plan in order to ensure adequate security and network operations. The network will be initiated under a proof-of-authority consensus algorithm before moving to Nominated Proof of Stake, at which stage the network will run with a decentralized set of validators.
Concurrently to our main launch net we will make a beta version of RioWallet available to the public. We will then thoroughly test the cross-chain bridge on the live main net first before enabling this functionality within RioWallet.
The staking of the native RST-88 version of RFUEL within RioWallet will be added in a future update after the cross-chain functionality has been enabled.
Our technical team will release shortly our detailed development roadmap. To celebrate the release of RioChain main net, we will be launching a promotional campaign where users can participate by creating a new RioWallet. We will be releasing more details on this program later this week, so stay tuned!
RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.
To learn more about the latest developments regarding RioChain, visit: Riodefi.com