What is Raptoreum?
Raptoreum (RTM) is a secure cryptocurrency and asset platform that operates under the ticker symbol RTM. With its innovative features, the Raptoreum project enables the creation of assets and the generation of smart contracts, providing users with access to an extensible and flexible smart assets platform. This robust and secure blockchain network is designed to support the integration of non-fungible tokens (NFTs) and smart contracts.
The project's primary goal is to drive mass adoption of its network by addressing one of the main challenges faced by the crypto industry. Raptoreum aims to simplify the process of tokenization, allowing anyone to easily and intuitively tokenize their assets of interest. By increasing decentralization and enabling mining for everyone, the project strives to attract a wide range of users. Additionally, Raptoreum incorporates various features to control token inflation and enhance scalability.
The platform introduces a novel algorithm called GhostRider, specifically developed for the project. This algorithm significantly contributes to the overall decentralization of the network. By incorporating an asset layer on the blockchain, users can effortlessly create NFTs. Moreover, the platform supports multiple programming languages, providing flexibility for the creation of smart contracts. Decentralized applications can also be built on the Raptoreum blockchain network.
To ensure network security, the platform adopts a proof-of-work consensus mechanism. The Raptoreum smart node network offers additional features, including larger smart contract sizes and lower transaction fees compared to other smart node platforms. The project guarantees sufficient resources for large-scale data processing and job execution required by decentralized applications. Smart nodes act as devices that form a second layer on the network.
The native token of Raptoreum is RTM, which serves as an incentive for smart nodes that validate raw transactions and provide various services, such as private messaging and private send on the blockchain. The whitepaper emphasizes that smart nodes also store and execute smart contracts and perform other essential functions on the network. RTM is a mineable cryptocurrency.
The development of Raptoreum began in November 2018, and the platform was officially released in the first quarter of 2021. The project originated as a fork of Ravencoin in August 2020, leveraging the team's extensive security experience. The name "Raptoreum" derives from the Victorian term for a bird of prey, symbolizing the team's expertise and comprehensive skill set. RTM tokens are available for trading on various cryptocurrency exchanges.
To create new RTM tokens, the platform implements a unique mining algorithm known as GhostRider. This algorithm aims to maintain decentralization by preventing ASICs from dominating the network. GhostRider combines mining technologies and methodologies from different algorithms, allowing individuals to mine RTM tokens using their CPU and GPU. The mining hardware requirements include an eight-core CPU, 16 gigabytes of RAM, and a minimum of 512 gigabytes of solid-state drive (SSD). By becoming a supernode in the network and utilizing the proof-of-work consensus mechanism, anyone can participate in mining the native token.
Nodes that provide security to the contact layer receive 15% of the block rewards, while additional nodes secure the network and receive 5% of the block rewards. With this incentivized mining process, the Raptoreum network ensures the stability and integrity of its operations.
In conclusion, Raptoreum (RTM) presents a compelling solution as a secure cryptocurrency and asset platform. With its focus on mass adoption, the project aims to overcome the barriers faced by the crypto industry by offering an easy and intuitive tokenization process for users. The innovative GhostRider algorithm ensures decentralization and opens up mining opportunities for individuals, contributing to the project's overall goal of widespread participation. With a robust smart assets platform, support for multiple programming languages, and the utilization of smart nodes, Raptoreum provides a versatile and secure blockchain network for the creation of NFTs and smart contracts. As Raptoreum continues to evolve and gain traction, it holds the potential to revolutionize the digital asset landscape and drive the adoption of blockchain technology to new heights.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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