REI Network has revealed its latest strategic partnership with PathPulse.ai. The collaboration is aimed at integrating AI-driven smart city solutions
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REI Network, a blockchain network formerly known as GXChain, has announced a new strategic partnership with PathPulse.ai. The collaboration aims to integrate AI-driven smart city solutions into blockchain technology.
REI Network is a restructured EVM-compatible blockchain that focuses on providing a no-fee blockchain infrastructure while maintaining compatibility with the Ethereum Virtual Machine (EVM). The network is designed to be lightweight and performant.
The operational foundation of REI Network is built on a DPoS+BFT consensus algorithm, which emphasizes efficiency and energy conservation. The network consists of System Contracts, a set of intrinsic contracts that facilitate essential functionalities such as staking, inter-blockchain communication (IBC), and resource allocation.
REI, the proprietary token of the network, serves multiple crucial roles within the ecosystem. It is a medium for transaction gas fees, enabling smooth transaction verification. REI also empowers its holders with governance capabilities, allowing them to actively participate in REI DAO’s decision-making process. Additionally, individuals aiming to validate transactions within the REI Network can stake REI tokens to pledge their commitment as network validators.
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