RealTract, based on Blockchain 4.0s Smartcontract 2.0, boasts high performance with millions of transactions per second. RealTract aims to address issues such as low applicability, transaction congestion, high commissions, long confirmation delays, weak resistance to quantum attacks, slow communication and transaction speeds, inability to cross-link and merge chains, and large storage space requirements.

Project Introduction

RealTract Chain (RETchain), built upon ETH 2.0 (PoS), further evolves into Proof-of-Honor (PoH). It adopts HodgeRank to rank nodes based on their stake amount and transaction volume, encouraging DApp developers to serve as many users as possible and generate substantial transactions. PoH implements an advanced incentive system to eliminate all cheating and lazy miners, ensuring the longevity of the blockchain network. It also adopts a more advanced smart free gas policy "Gas Station" than Tron, making blockchain transactions cheaper while evenly combating spam and incentivizing miners. The introduction of Smart Contract 2.0 ("Smart Contracts for Everyone") uses a multi-layered structure with pre-set templates for non-technical users to deploy on RETchain. These smart contracts can incorporate the latest decentralized technologies in the blockchain domain (such as IPFS, ChainLink, etc.) to serve real-world use cases. On RETchain, a privacy protocol called Sec.RET is invented, the worlds first script tool-supported smart contract providing "Privacy-on-Demand" (not "Privacy-by-Default"), bringing blockchain closer to mass adoption.

Project Vision

To address the multifaceted challenges of blockchains mass application, RealTract chooses a multi-pronged approach by offering three separate packages to enhance the experience of three different types of users: Developer Experience (DX) products, User Experience (UX) products, and Enterprise Experience (EX) products. These products aim to realize RealTracts goal of creating a business-centric enterprise-level blockchain ecosystem, based on highly scalable and reliable infrastructure, filled with quality blockchain products and services, supported by a steady influx of end-users consuming services, and capable of collaborating with enterprises to scale towards mass adoption.

RealTract DX focuses on investing in the most reliable way to achieve blockchains mass application: ensuring that excellent products are developed on the RealTract ecosystem. Only by integrating the core values of key technologies such as transparency and tokenization into the blockchains design, with superior polish and usability, making it inseparable from users daily lives - will user bases be established, see these groups grow and become communities, and discover user behavior data accumulating in meaningful quantities. When aggregated user data can be used to uncover valuable insights, that moment will mark the beginning of a virtuous cycle of blockchain product evolution, inevitably leading to mass adoption.

To alleviate obstacles for enterprises developing blockchain products and services, RealTract will provide the necessary underlying technology and development tools to address numerous friction points. DX products will start with integrated development environments and blockchain interoperability software and expand to include developer-friendly platform features and policies: these will include a platform infrastructure dedicated to delivering reliable throughput of 2500 tps and above, instant response capabilities for every block within one second, and predictable operational costs based on a fixed transaction fee model. Moreover, for seamless user usage, RealTract offers platform-level support, subsidizing transaction fees for users.

Technical Highlights

● ANONYMOUS-ON-DEMAND: Enter and exit RealTract mode at any time.
● Sustainable (anti-spam, anti-hacking)
● PROOF-OF-STAKE: Fast, cheap, scalable, energy-efficient, eco-friendly, democratic.
● Portable: Allows developers to port their smart contracts to other decentralized technologies.
● Affordable: Cheaper than current decentralized alternatives, consuming less gas. Smart contracts optimized for gas usage, balancing anti-spam and economic viability.
● Fast: Speedy. Can have 5-second block times, processing thousands of transactions per second.
● Modular: Use powerful templates to customize your application to meet specific user needs.
● Finality: Each sealed block is irreversible - no past contracts can be reversed.
● Upgradeable: Fast finality matches the throughput demands of your growing user base.
● Secure: Access control firewall protecting your application from malicious modules.
Simple: Integrate with Smart Contract 2.0 with just a few lines of code, without major modifications.
● SOVEREIGN: Propose changes and vote on blockchain upgrades through governance modules.
● OPEN SOURCE: Collaborate in the free and open-source RealTract developer community.

Use Cases

● Artificial Intelligence, Machine Learning
Train machine learning models using data from multiple entities without exposing underlying datasets, allowing users to retain control over their data. Applied to training autonomous vehicles, credit scoring for P2P lending, insurance.

● Supply Chain
Ensure your supply chain is auditable and verifiable without sharing every step of your distribution network with others. If a genuine product loses its ID code, it becomes counterfeit and untradable.

● Decentralized Finance
Privacy is key to the mass adoption of open finance. Centralized exchanges are subject to the whims of their jurisdictions. Build a decentralized economy where your users can transact in a connected token economy. Construct decentralized financial services maintaining privacy and confidentiality of transactions and user data from end-to-end.

● Gaming
Gaming is one of the most obvious platforms for digital currency usage. Build an engaging game with digital commodities that can be traded directly on your platform.

● Video Streaming
Leverage our robust high-throughput consensus to enable high-performance decentralized video streaming.

● Anonymous Prediction Markets. Harness the wisdom of the crowd to build a global prediction market. RETchain provides ample flexibility to construct prediction market features in its module library.

● Cross-Border Payments
Revolutionize traditional banking by reducing friction and costs in cross-border transactions and payments.

● Real Estate Tokenization
We live in a token economy now. Everything is being tokenized. Fiats. Gold. Bonds. Storage. Computing power. Digital art. Collectibles. Buildings. More.

● Private Data Analytics
Share and run analytics using the most sensitive data, including medical records or trade secrets, while retaining confidentiality and lowering the risk of exposure or misuse. Learn more about how developers like Kara implement this.

● Secure DevOps
Run infrastructure changes and upgrades with high integrity while managing cloud credentials confidentially, executing all outbound API calls within secure enclaves for added security.

● Remote Device Control
Remotely manage IoT devices or critical infrastructure equipment with high-integrity services.

● Healthcare
Blockchains immutable architecture allows for storing electronic health record data immune to any or all hackers and vulnerabilities.

● Energy
Decentralized energy systems based on novel solar modules create efficient energy even in areas with weak infrastructure or conflict zones.

● Anti-Money Laundering/KYC
Help customers reduce onboarding wait times without repeatedly providing the same information to financial service providers. Perfect KYC/AML compliance regimes, storing personally identifiable information leveraging consistent KYC/AML.