Request Network will return to ETH Bucharest on April 2nd-5th

Representatives from the organization will attend both the conference and the hackathon, where a $1500 Request Network bounty has been prepared.

Request will be returning to ETH Bucharest on April 2nd-5th! Representatives from the organization will be attending both the conference and the hackathon, where a $1500 Request Network bounty has been prepared.

About Request

Request is aiming to establish a “global cooperative financial system” by bridging together disparate financial platforms. It provides individuals and entities with autonomy over their financial information and choices. At its core, the Request Protocol facilitates a cooperative framework for handling various payment requests, ranging from simple peer-to-peer transactions to more complex business invoices.

To initiate a payment through Request, an invoice is dispatched over the blockchain. The recipient can then recognize and settle this request with a single action, leading to a direct, peer-to-peer transaction. Notably, payments on Request are push-driven, eliminating the need to share personal account details. By leveraging blockchain technology, specifically Ethereum and IPFS, it reduces reliance on third-party intermediaries, which in turn lowers transaction costs and enhances user security, privacy, and data ownership. While the platform does involve transaction fees, these are essential for broadcasting updates to the blockchain and motivating miners to reach network consensus.

REQ is an ERC-20 token operating within the Ethereum framework. Each request executed with REQ is permanently inscribed on a tamper-proof digital ledger, serving both as an irrefutable record and an auditing tool.