Introduction

Reef Chain is an EVM compatible chain for DeFi with NPoS/PoC consensus.

Get started#

If you’re looking for things you can do with Reef, check out the Reef Ecosystem.

Build on Reef#

Get started with Reef by installing the Reef node, and deploying a simple DeFi app locally in Quick Start.

For in depth tutorials on the underlying aspects of the Reef chain check out the Developer Guide and the Developer Resources.

Governance#

Validators and Nominators are essential to the Reef ecosystem.

Learn how to stake your Reef tokens and vote for validators. Highly technical users may also participate in validator elections to have a chance of becoming a paid block producer.

Why Reef?#

Reef is fast, scalable, has low transaction costs and does no wasteful mining.

Reef chain features next-gen blockchain technology, utilizing Nominated Proof of Stake, extensible EVM, on-chain upgradability, libp2p networking and state of the art cryptography.

Fees#

Reef is efficient, and has a predictable algorithmic fee model. All fees from Reef chain usage are automatically burned.

| Cost of:                    | Ethereum   | Reef       |
| --------------------------- | ---------- | ---------- |
| Making a payment            | $11.5      | $0.05      |
| Executing an Uniswap trade  | $47.6      | $0.12      |
| Deploying an ERC-20 Token   | $500+      | $1.95      |
| Minting a NFT               | $500+      | $2.16      |

*Last updated on Oct 20th 2021

Reef vs legacy chains#