Topic: [ANN] | Rhodiumcoin(RHO) | Scrypt Pow | Exchange | Mining | Payment - page 8. (Read 10867 times)
August 07, 2016, 01:47:08 AM
August 07, 2016, 01:37:41 AM
437500 RHO
Rhodium is a chemical element with symbol Rh and atomic number 45. It is a rare, silvery-white, hard, and chemically inert transition metal. It is a member of the platinum group. It has only one naturally occurring isotope, 103Rh. Naturally occurring rhodium is usually found as the free metal, alloyed with similar metals, and rarely as a chemical compound in minerals such as bowieite and rhodplumsite. It is one of the rarest and most valuable precious metals.
Rhodium is among the world's rarest and most valuable precious metals. It, like other platinum group metals, offers extraordinary corrosion resistance - even against the most aggressive chemicals.
Jewelers often apply a rhodium layer to white gold and sterling silver to enhance the appearance and prevent tarnish, but 80% of world production is dedicated to automotive catalytic converters.
Like other platinum group metals, most of the mine production occurs in South Africa and Russia. Turmoil and political interference often disrupt supply, making prices volatile. The price briefly touched on $10,000 per ounce in 2008.
The Cryptocurrency for the precious metals market. The rarer something is, the more value it tends to have.
Rhodiumcoin is the Digital Currency. You are most welcome regardless of your nationality if you have interest in Rhodiumcoin. It is based on Litecoin scrypt hash algo.
What is Rhodiumcoin?
Rhodiumcoin is an open decentralized cryptocurrency. Anyone interested can join Rhodiumcoin network and take part in currency development. As well as the Internet, Rhodiumcoin is international by its nature.
Rhodiumcoin allows safe and secure transactions around the globe and offers the convenience of instant fee-free money transactions.
In order to distinguish Rhodiumcoin network from Rhodiumcoin currency, the latter is referred to as RHO. For instance, current Rhodiumcoin emission rate is 1 RHO each 600 seconds.
Join Rhodiumcoin
Rhodiumcoin is an open cyptocurrency. Therefore anyone willing can become a user of the currency and voluntarily take part in operation of the network. The only thing you need to do is to download special software that will create a wallet for you. With help of this software you will be able to send money to other users and receive payments from them.
Rhodiumcoin algorithms don’t allow other users to know your wallet balance, to whom you send money and where you receive your funds from.
You can take part in operation of the network by allocating computing power of your computer. Due to this mechanism, transaction processing is decentralized, which allows a person to be not only a user, but also a participant.
There are two ways to obtain Rhodiumcoins. You can take part in network maintenance and get a reward for it, or buy RHO directly on exchanges.
Rhodiumcoin Transactions
Fiat money transactions between people are carried out through an intermediary, a bank or financial institution. Transaction reliability is guaranteed by an agent who conducts the transaction.
Transactions between Rhodiumcoin users are carried out through the Internet. Transaction privacy is protected by secure cryptographic algorithms whereby no one can identify who sent the money, who the receiver was, and what amount of money was transferred.
Rhodiumcoin transactions processing is done by the whole network of users. Yet no participant has access to the transaction details. All transfers are fully anonymous.
The transactions processing requires a considerable amount of computational resources. Those users who joined the network may allocate time of their computers for transaction processing. As a reward they receive RHO. Such process is called mining.
Safety and reliability
The reliability of Rhodiumcoin is defined by total computational power of all the computers that take part in transactions processing. The greater the processing power, the more reliable the network.
In so doing all money stored in your wallet is already protected during the transaction processing and the safety doesn’t depend on network reliability. Your money is safe anyway.
How Rhodiumcoin works
Alex has 30 RHO in his wallet. He wants to order pizza delivery to his place which costs 1 Rhodiumcoin, taxes and delivery included.
Alex places an order on the website. Right after that he receives 1 RHO bill that contains the pizzeria Rhodiumcoin wallet address. Alex broadcasts the following instruction to the Rhodiumcoin network: send 1 RHO from Alex_address to pizzeria_address.
Once each computer in the network receives this insutruction it checks whether this RHO Alex wants to transfer actually belongs to him. However a computer can’t find out neither who transferred this RHO to Alex, nor his balance. A computer simply checks conformity of sender’s signature. It has no access to personal data.
Each computer in the network collects the transactions that need to be processed and packs them up in a block. Each block should comply with specific rules, which is a difficult task to solve. Hence, each computer in the network works on calculating suitable transaction block form. This is required to protect the network from transaction forgery.
At some point one of computers in the network may be lucky to find the correct block structure. Then this computer puts the block into its blockchain file, which represents the database for all performed transactions. Then this computer broadcasts the new block to all other computers in the network so that they could also update their blockchain files. The transaction is completed and the owner of the computer that was the first to find the correct block structure gets a reward.
After the transaction is done, 1 RHO belongs to pizzeria and no longer to Alex. The Rhodiumcoin blockchain contains all data required for pizzeria owner to use this 1 RHO for his own goals.
This whole process takes about than 2 minutes, and the pizzeria owner will get paid before he even starts to cook Alex's pizza. Moreover, in order to get paid with Rhodiumcoins he only needs a computer with the Internet access. No fees, no intermediaries.
You can easily convert Rhodiumcoins into U.S. dollars and vice versa through the exchanges.
Rhodiumcoin specification
Block time: 600 seconds. It takes 600 seconds to check the authenticity of a transaction and process it. This time is used to apply cryptographic algorithms, and make the payments secure.
Total coins: 437500 RHO. Rhodiumcoin emission is limited. Each 600 seconds a new batch of roughly 1 RHO is emitted and distributed between miners as reward which makes zero-fee transactions possible.
Learn more about Rhodiumcoin
Rhodiumcoin employs open source technology. You can familiarize yourself with the source code and cryptographic algorithms of all programs.
If you happen to be a mathematician, a cryptographer, or a programmer we're eager to discuss any technical details about Rhodiumcoin that you might find interesting.
If you are a businessman or an entrepreneur, we will be glad to answer any your questions on how Rhodiumcoin can help to decrease the costs of your business and make it easier for you. Contact us anytime.
Github: https://github.com/Rhodicoin/Rhodiumcoin
Official name: Rhodiumcoin
Symbol: RHO
Rhodiumcoin Features
Official Website: www.Rhodiumcoin.tech
Twitter:https://twitter.com/RHODIUMCOINS
Slack:https://rhodiumcoin.slack.com
Windows Wallet: http://rhodiumcoin.tech/rhodium-qt-windows.zip
Linux wallet: http://rhodiumcoin.tech/rhodium-qt-linux.tar.gz
Linux Daemon:http://rhodiumcoin.tech/rhodium-daemon-linux.tar.gz
Coinexchange:https://www.coinexchange.io/market/RHO/BTC
Coinminers.net
http://coinminers.net
Rhodium
stratum+tcp://coinminers.net
wallet address as username password of your choice (it does not matter what you choose)
Port: 3240, Diff: 1024
Port: 3241, Diff: 2048
Port: 3242, Diff: 8192
Port: 3243, Diff: 16384
- Announcements
- Explorer
- Exchange
- Website wallet
- Android wallet
- Payment system
- Rho 2.0 blockchain
...
Explorer: http://cryptoguru.tk/index.php?Currency=RHO
-Follow : 0.1 RHO
-Bounus for miner 0.15 RHO for 1 MH/s every day
-Bounty 5 RHO/Article
-Translations 2 RHO
SIGNATURE CAMPAIGN
SIGNATURE CAMPAIGN BOUNTY : 1000 [RHO]