Ramestta

Ramestta (RAMA) is a public blockchain network that seeks to address scalability and usability issues in the cryptocurrency space while maintaining decentralization and security. It is an off/side chain scaling solution for existing platforms, providing decentralized applications (DApps) and user functionalities with scalability and an enhanced user experience. Ramestta Network aims to enhance the speed of transactions on blockchain networks, with a target of 70,000 transactions per second. It also seeks to lower the cost and complexity of these transactions. Ramestta is an open-source project, built by a decentralized team of contributors from around the globe.

Ramestta operates as a Proof-of-Stake (PoS) blockchain network with a Layer 2 solution. It provides a framework for building and connecting Ethereum Virtual Machine (EVM)-compatible blockchain networks. Developers can simply change the Chain ID to enjoy faster EVM executions identical at the bytecode level. They can use their familiar and standard Web3 tooling to easily migrate to Ramestta. Users can continue to use their existing wallets, paying minimal fees for transactions. Ramestta bridges can connect any Proof-of-Work (PoW) and PoS chains, aiming to provide a more secure, open, and powerful solution.

Ramestta is designed to be a utility token within its network's ecosystem, serving as a means of payment and settlement among members. It is used to pay transaction fees for prospective DApps that operate on the Ramestta blockchain, as well as for staking to secure the network. Ramestta also provides a platform for developers to build and scale their decentralized applications (dApps). It aims to offer a scalable solution with a transaction capacity of 70,000 transactions per second in a single sidechain, potentially making it a suitable platform for high-volume, fast-paced applications.

Ramestta is an open-source project developed by a global community of collaborators or developers. It was created with the vision of an open, borderless world where people and machines can collaborate and exchange value globally and freely, without gatekeepers or intermediaries. The project was built by a decentralized team of contributors from all over the world, who believe in a world where communities thrive, unconstrained by artificial borders and archaic regulations. The project continues to evolve, with its mainnet now live.