The Reef project was created by Denko Mancheski. REEF, a project created to provide liquidity flow to protocols in the decentralized finance world, transforms complex processes for liquidity flow into easier and developer-friendly.
In addition to the ability to easily develop applications on Reef, the ability to perform transactions quickly and inexpensively brings the project one step further. REEF coin, which is both a governance and service cryptocurrency within the Reef ecosystem, operates on both the Ethereum blockchain and the Reef blockchain.
How Does the Reef Blockchain Work?
Reef blockchain is EVM compatible blockchain. It has on-chain governance that can be updated in a decentralized way. With its EVM compatible infrastructure, the Reef network supports many features such as creating bridges with other chains and smart contracts. The Reef blockchain will also support additional VMs that will allow developers to write code in multiple programming languages.
The Reef blockchain works with the Nominated Proof-of-Stake (NPoS) consensus algorithm. With this algorithm, the blockchain can be easily measured and transaction fees can remain low. REEF coin is the local currency of the Reef chain. The REEF coin is also available on the Ethereum and BSC networks and can be converted at a 1:1 ratio with the native Reef blockchain coin.
$reef Price Prediction
For the reef coin, which is increasing in popularity day by day,will test the upper band of the falling channel in the short term. My medium-term expectation is $0.1, and my long-term expectation is $1.
(not investment advice)