What is the potential of REEF?
REEF has recently shown a lot of signs of potential. Reef is a layer 1 blockchain built using Parity's Substrate technology.
It was launched by Denko Mancheski in 2019 and has undergone a major transformation from a DeFi platform to a fully functional blockchain.
The network uses Nominated Proof of Stake (NPoS) to process valid transaction blocks.
Nominators stake REEF behind validators in the hope of being selected into the active validator set. When a validator successfully processes a block, the reward is shared between them and 64 nominators.
The blockchain's native cryptocurrency REEF is used to participate in governance and pay network transaction fees.
Reef Finance provides a user-friendly DeFi experience that integrates the advantages of multiple DeFi networks and has the potential to reach 0.122.
For investors seeking investment opportunities in the blockchain field, REEF is worth paying attention to.
