Last Updated: 16/08/2022
Official Website: https://request.network/en/
The performance and stability of the Request Network are guaranteed by the utility token Request (REQ), which was introduced in 2017. The Request Network itself is a decentralized payment system built on Ethereum that allows anyone to send and receive money safely. It does away with the need for intermediaries to offer a less expensive, more secure payment option that supports all world currencies. When a user creates a payment request, they specify the amount to be paid as well as the address to which it should be sent. The user can additionally specify the payment terms and conditions, converting a straightforward request into an invoice. The user may then share their request to be compensated by their counterparty after this is finished.
Everyone involved can simply keep track of all the invoices and payments for accounting purposes because every step is recorded and saved on the Request network. In order to comply with each country's trade regulations, requests are also integrated with international law.
The counterparty can detect the request and pay it with a single click in a peer-to-peer manner on Request by simply submitting an invoice across the blockchain. One of Request's main advantages is the fact that payments are push-generated rather than pull-generated. Users are not required to divulge any account information. Additionally, the usage of blockchain technology reduces the need for third-party processors, which lowers transaction costs.
Additionally, apps built on top of the Request Network open-source protocol offer their consumers a significant advantage. Users can interact with a variety of financial tools that complement one another. Because apps cooperate with one another here, it is the antithesis of the capitalistic and compartmentalized web2 economy. As an illustration, a business might create an invoice using an app. The payment request is received by a second app, which permits it to be paid. The invoice can then access fast funding using a third DeFi app.
The Request Network uses decentralized blockchains like IPFS and Ethereum to give users more security, privacy, and control over their data. In order to broadcast a change to the blockchain network, the platform does charge transaction fees. To encourage miners to come to an agreement over the state of the network, transaction fees are used.
Request network services are so good that even other coins like 88mph, Aave, Gnosis, Ocean and many other coins are using them for invoices.
The founders of Request are Christophe Lassuyt and Etienne Tatur.
Request tokens are built on the Ethereum (ETH) network and can be stored in any wallet compatible with ERC-20 tokens. All ERC-20 tokens including Request token can be stored on the Ethereum blockchain using MyEtherWallet, allowing users to interact with the network without additional software.
The Atomic Wallet is another wallet provider that supports the Request (REQ) coin. This software wallet can be downloaded on to a desktop or mobile device and offers a wide range of features such as, enhanced anonymity, decentralisation, and security.
Trust Wallet - a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options.
Similarly, a user-friendly option to keep your $REQ secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting to your MetaMask wallet.
You can Buy & Sell Request (REQ) by heading over to the Buy Coins page of our website. Request (REQ) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $REQ has never been easier, simply place your order and provide your wallet address. Once your payment arrives Request (REQ) will be sent directly to your wallet.
If you choose to Sell Requesst (REQ) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
Block explorer: https://etherscan.io/token/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the reader's responsibility to complete their own research and due diligence.