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    Posted February 25, 2014 by
    mojo5040

    Ruby coin has been launched!

     

    On the 24th of February RubyCoin was launched, a coin that stands for freedom. You are in full control over what happens with your coin. You keep it in a wallet that’s secure to only you. RubyCoin a precious gem for its digital age is a form of cryptocurrency. Now for everyone unknown with the “cryptocurrency world”, you may not know what I’m talking about but for everyone that is known with the crypto world you might've heard of it already. It has been one of the most anticipated launches since a long time.

     

    Now first let me explain what Cryptocurrency is for everyone unknown with it, and then I will tell you why RubyCoin is such an amazing gem.
    A cryptocurrency is a digital medium of exchange. The first cryptocurrency to begin trading was Bitcoin in 2009 most crypto currencies are designed to gradually introduce new units of currency, placing an ultimate cap on the total amount of currency that will ever be in circulation. So this means it’s an electronic currency. Something your government or local authorities can’t reach!


    Now the ultimate cap of RubyCoin is only 60 million! This means there is limited quantity and everyone wants some of these RubyCoins!
    Much effort and dedication has gone into this project, RubyCoin is made by a team of developers that are very helpful, very honest and above all want to succeed. Active promotion and plans are constantly being processed and made for the greater good of this coin and to make it into something great.

    I have been fortunate enough to be present at the launch. Even though there was a small 30 minute delay from the original time which was 9 PM EST it all went well, it was a very smooth launch the developers kept everyone updated in real time and it was handled very professionally.

    Algorithm:

    Scrypt

    Block   Reward:

    For the first 5 months, rewards step down from 500, 250, 125, 75, 50.

    Block   Target:

    150   seconds

    Difficulty   Retargetting:

    Every   block

    Max   Supply:

    60 million

    Premine:

    2%

    And it uses Multi-pool resistant with Kimoto's Gravity Well

     

    This is a coin to keep your eye on.


    RubyCoin
    Nearly instant transactions
    Worldwide payments
    Zero or low processing fees
    Precious

    http://www.rubycoin.org/

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