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Home » Blog » Request Defi Coin Review – Pay & Get Paid in Cryptocurrencies
DEFI

Request Defi Coin Review – Pay & Get Paid in Cryptocurrencies

Cws Team
Last updated: 19/03/2024 4:12 PM
Cws Team
5 years ago
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Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Request Defi Coin Review - Pay & Get Paid in Cryptocurrencies
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About Request Defi Coin

Request Defi Coin is an open network for transaction requests. It allows anyone to create, store and access invoices and receipts in a universal, decentralized network. By having all transaction requests in one place, companies with services like accounting, invoicing, payment processing, and auditing can plug into the same network and communicate with each other using the same single source of truth.

Contents
  • About Request Defi Coin
    • Quick Fact About Request Defi Coin
    • You’re in good company
    • Building with Request
    • Who is it for?
    • The platform
    • All you need to know
      • Ethereum
      • IPFS
      • Request Node
      • Request Gateway
      • Payment processors
      • Apps
    • Why you should develop with Request
      • Simple to use
      • Private
      • Request Gateway
      • Scalable
      • Secure

It is built using blockchain technology and is completely decentralized. No one owns the network and the data remains verifiably immutable. Permissioned access means that the data remains accessible to those who need it, and completely private from those who don’t grant users ultimate control over their own data.

Request price today is $0.033269 USD with a 24-hour trading volume of $549,477 USD. Request is down 5.81% in the last 24 hours. The current CoinMarketCap ranking is #349, with a market cap of $33,266,551 USD. It has a circulating supply of 999,912,165 REQ coins and a max. supply of 999,983,984 REQ coins.

The top exchanges for trading in Request are currently Binance, Huobi Global, OKEx, Bitfinex, and KuCoin. You can find others listed on our crypto exchanges page. The Y-Combinator backed Request Network (REQ) bills itself as a decentralized network for payment requests.

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The request can be detected and paid in a secure way, without the need for a third party. Requests are saved on an immutable ledger, which acts as a source of truth for accounting and auditing.

Quick Fact About Request Defi Coin

Coin Basic Information
DEFI Coin Name Request Defi Coin
Circulating Supply999,912,165 REQ
Total Supply999,983,984
Contract Address 0x8f8221afbb33998d8584a2b05749ba73c37a938a
Source CodeClick Here To View Source Code
ExplorersClick Here To Visit
Twitter Group Click Here To Visit Twitter Group
DocumentationClick Here To View
Project Support24/7
Official Project Website Click Here To Visit Project Website

You’re in good company

They believe payment experiences should be seamless for users and free from artificial barriers imposed by closed ecosystems. They work together with leading innovators and organizations in the decentralized financial (DeFi) ecosystem, providing them with open products, standards and infrastructure to create seamless financial experiences.

Building with Request

For integrations, we’ve created a developer page to get started quickly. Use any of our pre-developed tools, or learn more about Request by reading the documentation.

Who is it for?

Request Defi Coin enables companies and individuals to create, exchange and process payment requests and invoices through a global network. In this academy, we want to help any company dealing with crypto in their financial flows, from requesting a payment to the audit of the company.

The platform

Anyone can write on the Request Ledger and create a Request for Payment. The Request can be detected by the recipient monitoring the network (via a wallet or via a financial application). If the request is approved by the user, it can be paid with a single click. Then the request is completed and the network is updated. When a Request is created, the trade laws that are applicable to its specific case are taken into account, and taxes are applied. When necessary, advanced payment terms may be selected.

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All you need to know

Request Defi Coin brings a variety of protocols and systems together. Find out how we combine their strengths.

Ethereum

Ethereum is an open-source, public, blockchain-based, distributed computing platform and operating system featuring smart contract functionality.

IPFS

The Inter Planetary File System is a protocol and network. It is designed to create a content-addressable, peer-to-peer method of storing and sharing hypermedia in a distributed file system.

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Request Node

Nodes receive transactions (such as the creation of a request or its acceptance), batch them, and save them on IPFS and Ethereum. They abstract IPFS, Ethereum and gas for the users. They also store all data.

Request Gateway

Gateways make Request even easier to use than the nodes would on their own. They offer high-level APIs to Request users. These APIs then allow anyone to interact with Request seamlessly. That way anyone can manage their blockchain keys (if needed), identity, the purchase of gas, and so on. All using a clear, developer-friendly interface.

Payment processors

Payment processors connect Request with payment networks (such as BTC, Ethereum, Monero, and fiat networks). They detect payments and update the state of requests (like whether they have been paid).

Apps

Apps connect to the Request system to help manage payments. They can enable and streamline invoicing, accounting, crowdfunding, and more. These applications are not part of the protocol or its implementation but are built on top of it.

Why you should develop with Request

Request Defi Coin is simple to use, scales well, and ensures privacy and security. All of that is built into foundation.

Simple to use

Request gateways reduce the complexity of interacting with the blockchain. No need to manage different contracts, specific libraries, and gas (the calculable fee for every operation carried out on the Ethereum network). Gateways enable blockchain interactions as easily as any other SaaS, through HTTP APIs.

Private

Request ensures privacy and GDPR compliance. Data regarding requests is encrypted and safeguarded using elliptic-curve encryption. And while all data is saved in a public blockchain to prevent interference, it can only be read by the parties involved in the request.

Request Gateway

Gateways make Request even easier to use than the nodes would on their own. They offer high-level APIs to Request users. These APIs then allow anyone to interact with Request seamlessly. That way anyone can manage their blockchain keys (if needed), identity, the purchase of gas, and so on. All using a clear, developer-friendly interface.

Scalable

With every new version, Request can handle more and more transactions per second. That’s because the bulk of the data is saved on IPFS (see below) instead of on the blockchain. What is stored on the blockchain is the hash (the proof of the data). That way, it can’t be modified or manipulated. Transactions are batched and added to IPFS in bulk, which enables high throughput. And it leads to low costs as well.

Secure

Request is built on top of Ethereum, safeguarding security. Ethereum has been around the block for years, has seen intense usage, and remains secure. It ensures that data can’t be changed or deleted by governments, third parties, or even by us. In addition, data exists on each node, so it can’t just disappear. It’s safe from the passage of time and tampering alike.

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One of Coinworldstory's longest-tenured contributors, and now one of our editors, Verna has authored over 2600+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies. Verna Is team Members of 9 People
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