How does R Pay work?

venture care
1 min readSep 21, 2017

--

Blockchain, the backbone technology behind Bitcoin, is one of the hottest and most intriguing technologies currently in the market. Smart contract, or code executed on the blockchain, bring significant advantages over existing applications and frameworks of operation.

Security and integrity

Blockchain is maintained by a large network of participants, no one actor can easily gain enough influence to submit a fraudulent transaction or successfully alter recorded data. Users can trust that transactions will be executed as the protocol commands removing the need for a trusted third party.

Pseudonymity

All transactions being added to a single public ledger, any wallet addresses is random characters that cannot intrinsically be associated with a specific individual. This enables a high degree of privacy when required.

--

--