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Redbelly Network

RBNT
$0.002781
-0.87% (24h)

Market Stats

Price
$0.002781
-0.87% (24h)
Market Cap
$7.5M
Volume (24h)
$159,769.57
Supply
2.70B RBNT
FDV
$27.81M

Shariah Analysis

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Last Screening: Q1 2024

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About Redbelly Network

The Redbelly Network is a blockchain platform designed to make financial relationships more efficient, transparent, and accountable. It uses a unique consensus system called Democratic Byzantine Fault Tolerance (DBFT) to process transactions quickly and securely, without issues like double-spending or forks. Accountability is enforced through a fraud-detection tool called Polygraph, which identifies and punishes malicious actions. The network allows tokenization of real-world assets, ensures stable transaction fees tied to fiat currency, and requires verified participants for secure interactions. It supports smart contracts linked to legal agreements (Ricardian contracts) for managing complex financial deals. With features like sharding for faster and private transactions, fiat currency settlement, and connections to other blockchains, Redbelly is built to modernize financial systems and provide accessible tools for businesses and individuals.

Consensus Mechanism

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