About Reef

Reef is a fast, reliable, and scalable Layer-1 blockchain designed for DeFi, NFTs, and gaming. Built on the Substrate framework, it offers near-instant, low-cost transactions and supports Solidity and the EVM, enabling easy migration of Ethereum DApps. Reef Chain is an advanced EVM-compatible blockchain with self-upgradability and on-chain governance, featuring EVM extensions for native token bridges, scheduled calls, and smart contract upgrades. Future support for additional VMs will allow multi-language coding. It uses a Nominated Proof-of-Stake (NPoS) consensus for scalability and low fees. The REEF token is used for transaction fees, data storage, validator staking, and validator nomination. Reef is backed by NGC, QCP, Bitcoin.com, and others. Development tools include Remix, EVM IDEs,...