Rari Chain is a cutting-edge blockchain technology built on the Arbitrum framework, offering an EVM-compatible solution that emphasizes performance and efficiency. It is uniquely designed to cater to the burgeoning NFT market by embedding royalties directly at the node level, a feature that vastly benefits creators. By leveraging Layer 3 technology, Rari Chain provides low-cost, ultra-fast transactions while ensuring scalability and security. Its architecture is meticulously crafted to support the NFT ecosystem, enabling creators, collectors, and traders to engage in a more sustainable and economically viable environment.

Consensus Mechanism

The consensus mechanism of Rari Chain is a pivotal aspect of its architecture, ensuring network security and transaction integrity.  Rari Chain adopts a variation of the rollup technology utilized by Arbitrum. This approach combines the benefits of Layer 2 scaling solutions with Layer 3's flexibility and customization options. 

The consensus mechanism is designed to achieve high transaction throughput and low latency, making it ideal for applications requiring quick and reliable transaction processing. It ensures that the network remains decentralized and secure, preventing fraud and double-spending without compromising on speed. As a Layer 3 chain, Rari Chain settles onto an L2 (such as Arbitrum Nova via Orbit in this case) and often offers cost reductions and other useful abstractions. 

Protocols

Rari Chain incorporates a variety of protocols aimed at enhancing the user experience and expanding the use cases of blockchain technology. These protocols are tailored to support the unique needs of the NFT ecosystem, including seamless creation, buying, selling, and trading of NFTs. The chain’s protocols also facilitate embedding royalties directly into transactions, ensuring creators are fairly compensated. Furthermore, Rari Chain supports smart contracts, enabling developers to build decentralized applications (dApps) that can operate efficiently within the NFT space and beyond. These protocols are designed with a focus on interoperability, allowing for easy integration with other blockchains and systems.

Use Cases

The use cases of Rari Chain is primarily centered around the NFT sector. By offering a platform with embedded royalties, creators can receive ongoing compensation for their work, encouraging more artists and creators to enter the digital space. The blockchain’s high throughput and low transaction fees make it an attractive option for dApps, particularly those in gaming, digital art, and collectibles. Additionally, Rari Chain's infrastructure supports the creation of decentralized marketplaces, enabling peer-to-peer transactions without intermediaries. Its scalable and efficient framework paves the way for innovative use cases in decentralized finance (DeFi), supply chain management, and beyond, showcasing the versatile potential of Rari Chain in revolutionizing various industries.