Some people keep money in an online wallet that is not linked to a bank. This means that you are your own bank and have full control over your money. You don't have to get permission from a bank to use or move it, and you don't have to worry about a third party taking it away or a government's economic policy changing it, either.
This is not a world that will happen in the future. It is a world that a small but growing group of early adopters live in right now, and they are very excited about it. Many people use blockchain technology to make it easier for people to trust each other and exchange value. These are just a few of them. After that, we'll talk about the rest.
Yet, for many people, blockchain technology is still a mysterious or even scary subject. In fact, some people don't think this technology is going to be used very much in the future. There is a lot of doubt about blockchain technology today, but that's understandable because it's still very new.
What is blockchain technology?
There is a computer network called a "blockchain." This network has a shared database called "blocks." As a database, a blockchain stores information digitally in a form that can be read by computers. Blockchains are best known for their important role in cryptocurrency systems, such as Bitcoin, where they keep a record of transactions that is both secure and independent of any one person or group. A blockchain makes it possible to keep a record of data that is both accurate and safe without needing to have a trusted third party.
What is Ramestta blockchain?
The Ramestta blockchain was designed to be a public and decentralised application development platform. In addition to having the capacity to handle up to 70,000 transactions per second, Ramestta operates using a proof-of-stake consensus algorithm. The Ramestta network is both scalable and equipped with a multi-asset ledger in addition to changeable smart contracts. The name of Ramestta's native currency is "RAMA" The goal of Ramestta is to serve as a one-stop solution for all of your blockchain requirements, from the stage of development all the way to deployment. Track all your transaction on Ramascan
● Ramestta's platform comprises of:
● A fast and scalable blockchain platform
● A multi-asset ledger
● Variable smart contracts
● A native currency (RAMA)
● An easy-to-use development environment
● A one-stop shop for all your blockchain needs
Ramestta is the perfect platform for businesses and developers who want to take advantage of the benefits of blockchain technology. Ramestta is fast, scalable, and easy to use, making it the perfect choice for your next blockchain project.
Problems Faced by other blockchains:
Many decentralized apps are being proposed, however, the present blockchain ecosystem is not ready to scale to meet the expectations of end-user applications with broad adoption. Furthermore, the user experience of DApps is poor and unsuitable for average users. Slow block confirmations, hefty transaction fees, limited scalability, and a bad user experience are just a few of the major barriers to widespread adoption of blockchain applications.. Some of them are listed below:
● Transactions on the blockchain are often slow and have a poor throughput. The block size of most PoW (Proof-of-Work) based blockchain protocols is limited, and generating a block requires a certain amount of time. Due to the possibility of chain reorganisation, each transaction must additionally wait for numerous block confirmations. As a result, processing blockchain transactions can take several minutes or even hours. One of the most critical problems that blockchain technology faces today is this.
● In order to ensure that there is sufficient time for block propagation, public blockchains are required to keep a consistent amount of time lag between the production of consecutive blocks. In addition, the size of the blocks themselves should be kept to a minimum in order to facilitate rapid dissemination of the blocks throughout the network. Because of this, the number of transactions that may be contained within a single block must be kept to a basic standard.
How Ramestta has changed the game:
Ramestta has solved the problems faced by other public blockchains
Fastest transactions:
The Ramestta Network is a high throughput blockchain that employs consensus given by a specified selection of Block Producers. These producers are chosen for every checkpoint by a group of Stakers. The Ramestta Network then employs a Proof Of Stake layer to authenticate the blocks and post regular proofs of the blocks produced by the Block Producers to the Ramestta PoW mainchain. This assists in attaining high level of decentralisation while keeping incredibly quick (almost less than one second) transaction confirmation times. The Ramestta Network gives its users the fastest transactions with the best level of security.
High transaction Throughput:
The Ramestta Network is a blockchain network that generates blocks using a Block Producer layer. This allows the system to generate blocks at a high rate. Decentralisation is ensured by PoS checkpoints that are pushed to the Mainchain . The Ramestta Network can theoretically reach the quickest transactions per second on a single side chain as a result of this. Because of its usage of Blockchain technology, the Ramestta Network is able to attain this high degree of performance. Blockchain allows for the creation of a decentralised and distributed ledger for the recording of transactions. This ledger is then duplicated across the network's nodes, guaranteeing that every node has a complete record of all transactions. This decentralised architecture enables scalability, redundancy, and security. The Ramestta Network makes use of these Blockchain features to create a network that can manage a large number of transactions per second.
Scalability:
Blockchain networks have the potential to revolutionise the way we conduct transactions. The Ramestta Network is one such network that has the capacity for millions of transactions per second with the usage of multiple side chains. What's more, the mechanism to do so has already been demonstrated with the first Ramestta proof-of-concept with the first Ramestta side-chain. This means that new chains can be added in due course of time, making the Ramestta Network one of the most scalable and versatile blockchain networks available today. With its ability to process transactions at lightning speeds, the Ramestta Network is poised to become the go-to choice for businesses and individuals looking for a blockchain solution that can keep up with their fast-paced lifestyles.
The architecture of Ramestta blockchain:
Because the Ramestta Network's primary goal is broad user adoption, a deep dive into the network's technological design should begin with a user experience. When transferring tokens on a PoW-based network, users must wait for block confirmation, which can take anywhere from 14 to 20 seconds. Even then, users must wait for many block confirmations to be certain that the transaction is complete. Furthermore, a huge number of transactions block the PoW network during high loads, and gas fees grow on each transaction to gain faster confirmations. The Ramestta Network is offered as a possible solution to these issues.
The ecosystem of Ramestta platform mainly comprises of following components:
● First and most important are the end user.
● Then there are the DApp developers. They will presumably utilise the Ramestta Network to scale their applications and deliver a better UI/UX to their users.
● Stakers must deposit/stake tokens to be eligible, and they play a critical part in the Ramestta Network. They use the PoS consensus technique to validate transactions and suggest milestones on the Ramestta (PoW) mainchain.
● Stakers choose block producers, which allows for speedier blockchain production times.
Main ecosystem:
Ramestta Network is devoted to offering a scalable and user-friendly infrastructure for the success of third-party decentralised applications. As with Ethereum and other platform foundations, the governing body will encourage various Base chain DApps to construct and migrate their user-facing applications / transactions to the Ramestta Network. It will also provide grants and funding to third-party app developers for the development of a variety of use cases over the Ramestta Network, including:
A user friendly infrastructure:
The Ramestta Development Team will has followed a simple approach to keep things simple and seamless. The team has done this by building additional infrastructure around the Ramestta Network, such as user-friendly wallets for individual users and merchants, payroll dashboards, payment SDKs, and other open source tools.
Instant Payments:
The Ramestta Network will offer a user interface, payment APIs and SDKs for DApps, merchants, and consumers, allowing them to instantaneously accept or pay in cryptocurrency assets.
A Decentralised Exchange:
Trades on the Ramestta Network are faster and cheaper than on other exchange platforms, according to expectations. Using the Ramestta Network, decentralised exchanges and trustless, reliable and easy crypto transactions can be supported. If you want to keep your digital assets safe, you need to use an exchange that isn't tied to any one company.
Easy swaps:
The Ramestta contract lets consumers to pay with any crypto token they like, and the receiver will get paid in their preferred assets. The Ramestta Network can manage cross-chain crypto asset interaction via atomic swaps.
Liquidity Provider:
When transferring crypto assets, third parties have the ability to use the Ramestta Network to swap any tokens for other tokens. This is accomplished by utilising the 0x liquidity pool or other liquidity providers. In the case of fiat, the Ramestta Development Team is considering the possibility of working together with fiat liquidity providers in the currencies of important nations.
A wallet:
We've worked with WalletConnect to create the easiest way to access the Ramestta Network's features from your mobile device, as well as a secure means of storing your private keys. The mobile app also connects seamlessly to the browser-based DApps you're already using. To keep their keys safe, users can use DApps on browsers and on a growing number of other devices in the future. With the Ramestta wallet, app developers can quickly and easily get their users onboarded with Ramestta sidechains.
The RAMA token:
The Ramestta Network's native digital utility token (RAMA Token) is a major component of the ecosystem on the Ramestta Network, and is intended to be accepted as the network's principal token. On the Ramestta (PoW) Layer 1 blockchain, RAMA Token is issued as RAMA-20 standard compliant digital tokens. The RAMA Token is intended to be a utility token that serves as a means of payment and settlement amongst participants in the Ramestta Network ecosystem.
RAMA Tokens provide financial incentives for individuals to contribute to and sustain the Ramestta Network's ecosystem. The RAMA Token is used as a unit of exchange to calculate and pay for the costs of computing resources utilized.There would be no motivation for users to spend resources to participate in activities or provide services for the benefit of the entire ecosystem on the Ramestta Network without the RAMA Token, the Ramestta Network would be incomplete.
Trade Rama Coin :
https://www.hotbit.io/exchange?symbol=RAMA_USDT
https://arthbit.com/trade/RAMA_INR
A more secure option:
Ramestta provides a highly secure platform for all types of blockchain activities.
● Ramestta Network provides Fraud Proofs on the mainchain to improve transaction security. The method allows anyone on the mainchain to report data of transactions that they believe are fraudulent. If the challenge is successful, the fraudsters' stakes are reduced, and the challenger receives the reduced cash as an incentive for identifying the scam. This can be thought of as an ongoing high-reward bounty program for anyone interested in investigating the validity of transactions on the Ramestta Network.
● Merkle proof for block inclusion and transaction inclusion must be submitted for enhanced security.
Follow us to get updated:-
https://www.facebook.com/Ramestta/
https://twitter.com/ramestta
https://www.instagram.com/ramestta/
https://t.me/ramestta_blockchain
https://www.linkedin.com/company/ramestta