Revolution Populi (RVP) is a decentralized user-controlled layer-1blockchain system that anybody can use, but only until they agree to be run and managed decentrally by a Decentralized Autonomous Organization (DAO).Layer-1 blockchain is a set of improvements to the base protocol to improve the system's overall scalability. The platform holds a goal to give consumers control over their data again.
According to the whitepaper, the network functions as acryptocurrency clearinghouse mechanism/software placed on layer-1. The platform aims to offer dimensional support to the whole crypto trading industry, beginning a new phase of professional engagement through risk management regulations and structural confidence. The platform also acts as a pillar of support for a growing data security ecosystem. Revolution Populi’s decentralized DAO layer-1 blockchain may enable atomic counterparty-risk agreement whenever it concerns cryptocurrency trading. The mechanisms may then be backed by a decentralized reserve fund, where depositors get yield whenever a deal is done, and they can receive it in RVP form.
Revolution Populi is regarded as an open ecosystem for social, gaming, and financial programs. The database seems to provide the storage of social network components that are layer-1 suitable since it may be a strong consumer app mechanism for creation and eventually consumer reach. The platform allows users to create a blockchain profile and, as a result, have complete control over their data and the profits generated from it. However, this layer-1 database is also specifically built to handle trade agreements, trade balancing, and many other back-office tasks in the financial services industry, particularly in the crypto world.
RVP is the Revolution Populi protocol's native token. Users can use the RVP token for a variety of purposes. A wide range of apps can deliver consumer services inside this layer-1 ecosystem. RVP is a decentralized proof of stake protocol, and witnesses are elected by popular vote; hence the RVP token also serves as a "maintenance" token.