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REQ

Request Network is a decentralized protocol. Anyone can contribute to the protocol's development and submit pull requests on Github. The founders of Request are Christophe Lassuyt and Etienne Tatur.

Christophe Lassuyt is currently president of the board at the Request Network Foundation. Etienne Tatur is currently the vice-president of the board at the Request Network Foundation. Both are YCombinator alumnis. You can find out more about the current team here.

The payments on Request Network are performed by simply sending an invoice through the blockchain; the counterparty can then detect the request and pay it with one click in a peer-to-peer manner. The fact that the payments are push-generated instead of pull-generated is one of Request Network's key advantages. There is no need for users to share their account information. The use of blockchain technology also eliminates the need for third-party processors, resulting in a reduction in transaction costs.

Additionally, apps building stuff people want on top of Request Network open-source protocol provide a key benefit to their users. Indeed, users can interact with a suite of financial tools which work with each other. It's the opposite of the capitalistic and siloed web2 industry because here, apps work with each other. For example, a company originates an invoice from an app. A 2nd app receives the payment request, allowing it to be paid. Then the invoice can draw on instant financing on a third DeFi app

Request Network leverages decentralized blockchains such as Ethereum and IPFS for an increased level of security, privacy and data ownership for the end-user. The platform does have transaction fees, which is a cost that is required to broadcast a change to the blockchain network. The transaction fees are used to incentivize miners to reach consensus on the state of the network.

REQ can be stored on wallets such as Metamask, Argent, MyEtherWallet, Ledger, imToken, Trezor, Atomic Wallet, Jaxx Liberty and Trust Wallet.

REQ is an ERC-20 token that can be spent to use the Request Network.

The REQ tokens’ initial supply was 1,000,000,000. You can check the current supply on the community dashboard.

The REQ tokens are available to exchange on open markets through mainstream cryptocurrency exchanges. Decentralized alternatives also support REQ, allowing you to seamlessly exchange REQ directly from your own wallet. Always verify that the REQ address is this one: 0x8f8221afbb33998d8584a2b05749ba73c37a938a. On Polygon, its address is 0xb25e20de2f2ebb4cffd4d16a55c7b395e8a94762.