The present application relates to an implementation of a reliable transport protocol that provides receiver-based congestion control within a computing system. An exemplary system includes a first network device and a second network device within a network. During a handshake procedure, a transmission rate at which data can be sent as well as an acceptable corruptive loss rate for a data path between the first network device and the second network device in the network is determined. The second network device then receives data sent from the first network device at the transmission rate. When the acceptable corruptive loss rate for received data has been exceeded, the second network device determines an amount by which to reduce the transmission rate, and then sends a notification to the first network device indicating the amount by which to reduce the transmission rate for subsequently transmitted data.