INTRODUCING RANGERS PROTOCOL
The crypto world has revolutionalized the payment system; it has shifted us from the old and traditional ways of financial transaction to a secured and decentralized system. The introduction of some digital currencies such as bitcoin, etheureum, etc has made wealth accumulation easily achievable and eases the method of payment across the globe. People are now creating value through blockchain technology. There exist several crypto platforms where people had actually derived satisfaction from, but in a bid to make the block chain technology to touch and influence all area of human life
With the development of cryptocurrencies, what first comes to your mind is fast transactions and lower fees. So many projects have adopted Ethereum blockchain, and they are faced with some problem of high transaction fees and dull transaction because of congestion on Ethereum nodes. For instance, a project that is on Ethereum blockchain, after running there they always cannot pay out token bought during the ICO rounds, because of it takes 27 usdt to carry out one single transaction on Ethereum blockchain. They always look for alternative chains that is fast and lower transaction fees, like Binance chain or Polygon chain.
Since these problems has lasted for a very long time on Ethereum blockchain a unique team has developed a project called Rangers Protocol, that will help and solve these problems.
Rangers protocol has developed a platform that is unique, fast, easy and free to use. Rangers protocol platform will enable the use of many chains on it. If you make use of Rangers protocol platform will only need to do a cross chain on the platform that is very easy and less fees to do that.
ABOUT RANGERS PROTOCOL?
Rangers Protocol is a future virtual-world-proofing blockchain infrastructure fully compatible with Ethereum and natively supports NFT and complex applications. We integrate cross-chain, NFT, and EVM protocols and expand on this basis, allowing developers to freely create complex decentralized applications that adapt to various scenarios while giving users an experience similar to Internet applications.
BRIDGING AND CROSS-CHAIN TECHNOLOGY
One of Rangers Protocol’s visions is to become the bridge for blockchain assets’ circulation and connect with various public chains. Thus, digital assets can operate smoothly between Rangers Protocol and the public chain based on the concept of decentralization. For assets that pass-through Rangers Protocol – whether they are public chain assets locked to Rangers Protocol or public chains – Rangers Protocol has adopted a distributed signature-based consensus system and smart contracts deployed on public chains that verify distributed signatures to ensure the safety of users’ assets. The cross-chain architecture of Rangers Protocol is shown in the following scheme. Rangers Protocol Connector node is the primary generating node of the relay chain. In contrast, Rangers Protocol Engine node and Ethereum are the actual bearers of cross-chain data
CONSENSUS MECHANISM
BLS+VRF
VRF, or Verifiable Random Function, is an algorithm for generating random numbers. The advantage of using VRF is the relatively low power consumption. With the latest algorithms, verifying the legitimacy of VRF has been very fast, and it is an efficient consensus algorithm. In Rangers Protocol, the VRF algorithm is used to select candidate block packers and candidate block verification groups. The BLS signature algorithm was proposed by three people from the Department of Computer Science at Stanford University: Dan Boneh, Ben Lynn, and Hovav Shacham. BLS’s main idea is to hash the message to be signed to a point on an elliptic curve and use the exchange property of the bilinear mapping E function to verify the signature without revealing the private key. Rangers Protocol is mainly used to aggregate each member’s signature in the verification group for the candidate block to generate the verification group signature.
TEAM
Below are the Rangers protocol social media handles for more news you follow them https://rangersprotocol.com/
https://twitter.com/rangersprotocol
https://www.facebook.com/Rangers.Protocol
https://t.me/RangersProtocolAnnouncement
https://medium.com/rangersprotocol
https://t.me/RangersProtocol
https://linktr.ee/rangersprotocol_community
https://discord.gg/2VtwvqDKUF
Bitcointalk Username: CR77
Wallet Address: 0x365F4449d7F8C9E63C0Bf4296559B6a2D6920b99