Topic: ✅[ACTIVE CONTEST][RVO][PoS] REVO - Layer 1 Decentralized Public EVM Blockchain ✅ (Read 1748 times)

!!EARN FREE RVO BY CLAIMING A NODE IN YOUR COUNTRY!!!





Introducing REVO

The blockchain world is full of opensource projects and services that want to consolidate on well-defined technological aspects however. For example, Bitcoin has its roots in protocol security and decentralization, Ethereum is focused on decentralized applications (DApp -Smart Contracts), Solana focuses on speed, Polkadot on interoperability, ZCash on anonymization of transactions through zero-knowledge protocols (zk-SNARK). Other projects, such as Filecoin and Storj, were instead born to favor decentralized storage space. Nano and it's costless transactions can be a good example too. But this can be dispersive in some contexts, and leads to enormous confusion in business integration processes. Developing a blockchain in itself is not too complicated a job, the real challenge is precisely to bring together all these technologies and bring an easy, comprehensible and compatible ecosystem to the world.

The concept behind REVO is precisely to group all the leading technologies in a single blockchain ecosystem.
This not only allows transactions to be processed autonomously, efficiently and securely, but also able to meet the needs of those companies and Enterprise-level applications which need a certain type of features, effectively breaking down all the barriers that make this technology too complicated for industries to digest.

Specs
Algortihm: PoS v3
Block time: 30 Seconds
Difficulty Retarget: Every block
Genesis Date:  2022-10-10 18:53:20
Accounting: UTXO Model
AAL Addressing: Account Abstraction Layer Inerhited from QTUM
EVM: Fully EVM/Solidity compatible
Ligthning Network: Fully compatible
Sidechains: Enterprise Self Notarizing Sidechains
OGP: yes
Feerate: 0.0001 RVO/kB
Premine: 105.000.000 RVO

Detailed Technical Data available at this link -> https://revo.network/technology
Full Revo Blockchain Whitepaper available at this link -> https://heyzine.com/flip-book/bf81330a53.html

Useful Links and Media
Official Website: https://revo.network/
Telegram Channel: https://t.me/revoblockchain
Linkedin: https://it.linkedin.com/company/revo-blockchain-technologies
Team: https://revo.network/members
Mainnet Block Explorer (Mainnet): https://mainnet.revo.network/
Testnet Block Explorer: https://testnet.revo.network/

Revo Public API: https://revo.network/public-api
Revo Public Web Solidity IDE: https://remix.revo.network/
Revo Public API: https://revo.network/public-api

Revo Network Stats: https://revo.network/network-stats
Revo Node Map:  https://revo.network/map

YouTube Channel (ITA): https://www.youtube.com/@revoblockchain
BRS Summit Event Speech (ITA): https://www.youtube.com/watch?v=cQj1lVE9X0U
Blocknote Summit (ITA): https://youtu.be/q-9vnN32f-E

Wallets & Source code
Revo Source Code: https://github.com/revolutionchain/revo
All Downloadable Releases (with Virustotal checksum): https://github.com/revolutionchain/revo-public-release

Windows GUI: https://github.com/revolutionchain/revo-public-release/releases/download/Mercury-0.22.1/Revo-Mercury-0.22.1-Windows-x64-GUI.zip
Windows Daemon + CLI: https://github.com/revolutionchain/revo-public-release/releases/download/Mercury-0.22.1/Revo-Mercury-0.22.1-Windows-x64-Daemon+CLI.zip
Raspbian Daemon + CLI: https://github.com/revolutionchain/revo-public-release/releases/download/Mercury-0.22.1/Revo-Mercury-0.22.1-Raspbian-x64-Daemon+CLI.zip
Linux GUI: https://github.com/revolutionchain/revo-public-release/releases/download/Mercury-0.22.1/Revo-Mercury-0.22.1-Linux-x64-GUI.zip
Linux Daemon + CLI: https://github.com/revolutionchain/revo-public-release/releases/download/Mercury-0.22.1/Revo-Mercury-0.22.1-Linux-x64-Daemon+CLI.zip

Exchanges

XeggeX (RVO/USDT): https://xeggex.com/market/RVO_USDT
XeggeX (RVO/BNB): https://xeggex.com/market/RVO_BNB

PoS Reward Schedule

Even if Revo was born as service chain, here in the headquarters we have decided to entrust the Revo blockchain with a completely different supply schedule from what has already been seen. We love playing with numbers. To honor Bitcoin, the blockchain from which we take the accounting model, we have marked the number 21. (Bitcoin has a max supply of 21,000,000 BTC) The next link is made with the Fibonacci series, replacing the generic halving model, which is used by all other cryptocurrencies. The Fibonacci sequence is composed of a series of numbers, where the next number is given by the addition of the two numbers before it.

0, 1, 1, 2, 3, 5, 8, 13, 21 ...

One of the fascinating things about the Fibonacci sequence is the direct link to the Golden Ratio. The golden ratio or golden mean, represented by the Greek letter phi (ϕ), is an irrational number that approximately equals 1.618. The golden ratio results when the ratio of two numbers is the same as the ratio of their sum to the larger of the two numbers. When we take two successive numbers (one after the other) of the Fibonacci series, their ratio tends to approach ϕ. This also aims to symbolize that Revo, over the years, wants to achieve perfection.

from		to		Year		Changes		Block Reward		New RVO		Total RVO		Approx RVO/year
1		5000		2022		0		21000		105.000.000,00		105.000.000,00		n/a
5001		1000000		2023		0		21		20.895.000,00		125.895.000,00		20.895.000,00
1000001		2000000		2024		1		13		13.000.000,00		138.895.000,00		13.000.000,00
2000001		4000000		2026		2		8		16.000.000,00		154.895.000,00		8.000.000,00
4000001		7000000		2029		3		5		15.000.000,00		169.895.000,00		5.000.000,00
7000001		12000000		2034		4		3		15.000.000,00		184.895.000,00		3.000.000,00
12000001		20000000		2042		5		2		16.000.000,00		200.895.000,00		2.000.000,00
20000001		33000000		2055		6		1		13.000.000,00		213.895.000,00		1.000.000,00
330000001		>		2076		7		0		0,00		213.895.000,00		0,00

To ensure a very high distribution and ecosystem centralization, the amount of preminated coins linked to Team and Founders, Business Development, Research, Education and Bounty will not be used for staking. Given also the objective of avoiding any type of initial centralization of the Revo blockchain, only a small part of the Business Development allocation can be used by the Development Team to keep the blockchain active in the early stages (See avoiding nothing at stake error).

Even if taken for granted, given the above scheme, the new RVOs will over time exceed what was initially pre-allocated for the initial premine.

Premine Schedule

This initial supply of 105 million RVOs is distributed with the aim of growing the community around Revo and promoting the decentralization of the system.



Of the initially created coins, 51%, or 53,550 million RVOs, will be allocated for validators and early node adopters in a single locked smart contract that will regulate free airdrop distribution. All allocation will be distributed to node adopters. Revenue from the physical and virtual node sales from RevolutionChain Italy funds the constitution of the Revo Foundation, including system development, marketing, financial and legal consulting.

24%, or 25,2 million RVOs, will be used for commercial and community development, academic research, education, and market expansion. Of this, 15% will be used for business development, including expansion of industry-related applications, supporting DApp (Distributed Application) development, business expenses (legal, compliance, accounting, consulting), marketing and public relations, and token swaps. The remaining 9% will be used to support academic research, developer education, promotion of Revo blockchain technology, and cooperation with the open-source community.

21%, or 22,05 million RVOs, will be allocated to the Founding Team, and Development Teams that will follow Revo blockchain development before (and after) it's source code release.

4%, or 4,2 million RVOs, will be allocated for bounty programs and community initiatives.


Initial RVO distribuition and Self funding

Learn more about Economic Model here -> https://heyzine.com/flip-book/bf81330a53.html#page/55

Although not being able to talk about actual values and numbers (Revo is in early stage and does not yet exist on any exchange at the time of writing), the decision to deploy an initial set of nodes was not taken lightly or for commercial reasons. When you participate in an online airdrop, 99% of the time you redeem something that often doesn't even interest you, and like you, tens of thousands of other users. There is no contribution to the intrinsic value of the project by the claimers, who, after a future listing, will look forward to cashing out.

For the Revo network, on the other hand, whoever receives the coins will do so solely and exclusively for merit, tangibly supporting the network, its security and redundancy itself. This differentiates between a solid and a bad community (which is the thing we care about most at the moment).

Revo, the Development Team and the Foundation finance the work on the blockchain thanks to the services they build in the ecosystem. The distribution of RVOs is not linked to an ICO (Initial Coin Offering) nor to an IPO (Initial Public Offering). None of Revo's related counterparties will intend to undertake a public sale of RVO coins. Revo coin act as gas (RVO) and it's used to run the DApps (Decentralized Applications) that will be distributed on the platform. Selling physical and virtual Revo validators is our way to fund our project.

So how do you become a validator?
It is important to underline that Revo is not a permissioned blockchain, but a full permissionless one. The validators can at any time transfer RVO to other subjects, who independently (thanks to the open source code) have the immediate possibility to compile a wallet and become new validators. The model that has been established is seen as necessary for technical and operational issues which provide for the free transfer of RVO.

Early Adopters can purchase a physical validator node and become eligible to receive a quantity of coins with which to participate in the PoS with a free airdrop. The quantity is chosen randomly and automatically between 2000 and 5000 coins by the same distribution smart contract). For MicroNodes, which are an entry level hardware release, the fixed airdrop amount is 200 RVO. The code that governs the distribution system is open source and completely transparent.



Airdrop Smart Contract deployed at https://mainnet.revo.network/contract/1a8adc319c6c459ce7d3a6cc7ce963187ab86905/
Join as Early Adopter validator here --> https://join.revo.network/

Sidechains

Full Sidechains Technical explanation here -> https://heyzine.com/flip-book/bf81330a53.html#page/36

The scheme and the operating model of a Sidechain on Revo is in itself very simple: Revo acts as a primary public blockchain (being in fact public, decentralized and free) on which a dedicated Smart Contract is loaded  has the task of functioning as a connector and save area for the SideChain timeline. Each data block is notarized on chain in epochs to avoid spamming too many transactions on the primary blockchain.



The above protocol is in fact a layer 2. It means that it is completely independent from what the primary blockchain is: it only exploits its primary characteristics. Revo exists also in its enterprise version dedicated to big Companies: is a blockchain working on PoA protocol (Proof Of Authority), designed and optimized down to the smallest detail to guarantee over 10,000,000 transactions per second for intesive use case scenarios.

This does not mean that the SideChains will be a closed environment, far from it. The entire source code of the Smart Contract will be made open source to allow any existing blockchain to self-notarize on Revo, using a native environment with minimal transaction and data saving costs.

The current Bitcoin block generation time is 10 minutes; i.e., every ten minutes, a new block is mined. In ten minutes (600 seconds), Bitcoin can average around 2,759.12 transactions based on previous assumptions. In other words, the Bitcoin blockchain can currently guarantee only 4.6 transactions per second

Revo implements a fully dynamic and scalable block size, thanks to the decentralized onchain governance protocol. Thanks to a very precise consensus mechanism, the blockchain itself is able to correctly size the block size from a few bytes up to a few tens of megabytes.

By default, the maximum size per block is 2,000,000 bytes, with an average transaction weight of around 320 bytes, along with block spacing of just 30 seconds, Revo can include up to 6250 transactions in a single block, which, compared to Bitcoin leads to a share increase of 1360%, with a theoretical TPS of over 210 validations per second.

Should the need arise to scale in terms of TPS, the community can freely and independently propose and vote on raising the maximum limit for block sizes through the OGP protocol. Given the importance of keeping revo as decentralized as possible, the only physical limitation in terms of scalability is the only network latency between network nodes.