Rito

Mining

Copy link
Share on X

Claim company
Report company

Description

Ritocoin (RITO) is a cryptocurrency launched in 2019 as a fork of Ravencoin, utilizing the innovative X21S proof-of-work algorithm to enhance security and decentralization by preventing FPGA, ASIC, and NiceHash mining. The project emphasizes community-driven development, with plans to introduce masternodes and deliver user-friendly features and add-on utilities. RITO maintains a fair mining environment, with the current supply at 1,832,170,913 and a circulating supply of 1,819,470,962.065459. The last known price of RITO is $0.00006117 USD, reflecting a 0.88% increase in the last 24 hours. It is actively traded on four markets with a 24-hour trading volume of $4.03. More information can be found on their official website: ritocoin.org.

Socials

Similar companies

Ravencoin

Ravencoin is a specialized blockchain for the creation and transfer of tokenized assets, uniquely focusing on this functionality to optimize efficiency.

Raven

RavenCoin (RVN) is a peer-to-peer blockchain launched in 2018, focusing on asset creation and transfer. It uses a unique asset issuance mechanism and PoW, ensuring secure and decentralized asset management and trading.

Ravencoin Classic

Ravencoin Classic (RVC) uses the X16R algorithm to enable customizable token issuance on its blockchain, supporting securities and collectibles with fast, global transactions.

Ryo Currency

Ryo Currency is a privacy-centric digital currency using CryptoNote for anonymity, featuring the user-friendly Atom wallet, and committed to ASIC-resistant GPU mining for decentralization.

ritestream

Ritestream is a decentralized platform enhancing film/series production and distribution via blockchain, enabling funding, development, and monetization with the RITE token and DAO governance for the entertainment industry.

Riecoin

RIKO

RIKO is a community-driven meme coin leveraging viral content and blockchain to build a dedicated, active user base.

ROCO FINANCE

ROCO FINANCE offers DeFi solutions on Avalanche, featuring yield farming, staking, and lending with low fees and high throughput.

realio

Realio is a DeFi and real estate platform using blockchain for asset tokenization, enabling secure, efficient investments with lower entry barriers.

Rcoin

The digital currency's better solution.

Ripio

Ripio is a leading blockchain firm in Latin America, offering a crypto wallet, trading, educational resources, and robust security to promote financial inclusion and understanding of digital currencies.

Ratecoin

Ratecoin (XRA) is a cryptocurrency . Ratecoin has a current supply of 122,449,161.79158 with 0 in circulation. The last known price of Ratecoin is 0.00067242 USD and is up 0.67 over the last 24 hours. It is currently trading on 2 active market(s) with...

FAQ

What is Ritocoin and its primary purpose?

Ritocoin (RITO) is a cryptocurrency launched in 2019 as a fork of Ravencoin. Its primary purpose is to provide a decentralized and secure mining environment using the X21S proof-of-work algorithm. Ritocoin is designed to prevent FPGA, ASIC, and NiceHash mining, ensuring a fair mining process and enhancing decentralization.

How does Ritocoin ensure security and decentralization in its mining process?

Ritocoin utilizes the X21S proof-of-work algorithm, which is specifically designed to prevent mining by FPGA, ASIC, and NiceHash. This approach ensures that the mining process remains decentralized, fostering a more equitable and secure network by making it accessible to individual miners rather than centralized mining operations.

What are the benefits of using Ritocoin over other cryptocurrencies?

Ritocoin offers several benefits, including enhanced decentralization and security through its X21S proof-of-work algorithm. It discourages centralized mining, promoting fair participation and community-driven development. Upcoming features like masternodes will further enhance network utility and provide users with user-friendly features.

How does Ritocoin's X21S algorithm compare to alternatives like Ravencoin?

Ritocoin, as a fork of Ravencoin, introduces the X21S algorithm, which differentiates itself from algorithms like Ravencoin's by providing enhanced security against centralized mining. This ensures fair mining practices by limiting accessibility to specialized mining equipment, unlike some other proof-of-work algorithms, thus promoting decentralization.

In what ways does Ritocoin support community-driven development?

Ritocoin emphasizes community-driven development by focusing on user-friendly features and utilities designed with input from its community. The project roadmap includes the implementation of masternodes and other community-inspired innovations, ensuring that the development aligns with the needs and desires of its users.

What should users do if they encounter issues with Ritocoin mining?

If users face issues with Ritocoin mining, they are encouraged to visit the official Ritocoin website and community forums for support and guidance. The community-focused project often has active user groups where miners can share tips, troubleshoot problems, and find solutions to common challenges in the mining process.

FAQ

Company is unclaimed. Do you work for or own this company?

Description

Socials

Tags