Reef is a Layer-1 blockchain designed for DeFi, NFT & Gaming, aiming to be Reliable, Extensible, Efficient and Fast. Using the Substrate Framework, it targets high scalability-supporting near-instant, low-cost transactions-and it is compatible with Solidity and EVM, so developers can move their DApps from Ethereum without modifying the codebase.

Reef Chain is an advanced EVM-compatible network. It is self-upgradable and features on-chain governance. Its infrastructure also supports EVM extensions, enabling capabilities such as a native token bridge, scheduled calls (for example recurring payments), and smart contract in-place code upgrades. In the near term, it plans to add further VMs so developers can build with multiple programming languages. The network uses Nominated Proof-of-Stake (NPoS) consensus, which is intended to deliver scalability and low fees.

REEF is the native token used for:

Covering fees for transaction processing and data storage.

Operating validator nodes through staking REEF tokens.

Choosing which validator nodes participate in the network.

Reef is supported by multiple prominent funds and venture capitalists, including NGC, QCP, Bitcoin.com, Kenetic Capital, LD Capital, TRG Capital, Krypital Group, Genesis Block, Woodstock Fund and others.

Reef Chain development tools include:

Remix and EVM-integrated development environments for uploading and deploying smart contracts.

Reefscan blockchain explorer, helping with validator deployment, bonding and nomination, contract debugging, and monitoring network performance.

Reef command line tools that let developers deploy applications from local setups.

Reef wallet for accessing and interacting with the blockchain