What is Rilcoin (RIL) ? How does it work ?
October 16, 2017 12:02 pm
Rilcoin (RIL) is a peer-to-peer digital currency that offers quick, and approx. zero cost payments that can be performed by anyone throughout the world.
Rilcoin is a cryptocurrency to that will be based on a technology equivalent to Fiat Currency. If any of the features that wouldn’t be similar to fiat currency, then it will be made appropriate through smart contracts. Its flexibility to avail all the benefits of fiat currency makes it a profitable one among all the other cryptocurrencies. It will be the first cryptocurrency having qualities of fiat currency.
Rilcoin (RIL) is going to be an open source and international payment network which would be utterly decentralised excluding involvement of any central authority. Mathematical puzzles protect the system and let users access their financial accounts.
Rilcoin (RIL) enables quicker transaction confirmation times and provides enhanced storage efficiency than any other cryptocurrency.
Rilcoin (RIL) is intending to become an established platform for the people who’re whether comfortable or not with the concept of cryptocurrencies by acquiring enough technical support, liquidity as well as trade volume.
The Rilcoin (RIL) blockchain can handle a high level of transaction volume. Because of fast block generation process, Rilcoin network can perform more transactions without modifying the associated software in the near future. In turn, sellers/users/merchants would be benefited with faster confirmation times, and at the same time, they have the efficiency to wait for further confirmations while selling important ticket attributes.
How Rilcoin Do Work?
Miners who will make a successful transaction will be rewarded with Rilcoins after transaction accomplishment. Investors who are going to participate in Rilcoin ICO will be rewarded with Rilcoins. Currently, there are 30 Million of Rilcoin tokens for this particular level of the project. Each token costs $1. The Rilcoin network is scheduled to create 5.4 billion Rilcoins as of now.
The concept of Rilcoin is being introduced to provide a new structure to asset management system. Asset management mainly refers to any system that manages and analyse things of value to an entity. It may be utilized for both tangible as well as intangible assets. Asset management is a process of deploying, upgrading, operating, maintaining, and disposing of assets that will be cost-effective.
Rilcoin is going to be an entirely new platform for asset management systems which will provide a unique perspective to financial tools as well as investment tactics. It will propose users to invest in cryptocurrencies assisted by Blockchain safety and real-world assets that would introduce a whole new way of investing.
Rilcoin Wallet encryption facility is also there to let you protect your wallet where you’ve stored your Rilcoins. It will help you monitor transactions as well as your account balance, but you have to enter a password before spending Rilcoins. This facility is to provide secured functionality to get rid of viruses’ and Trojans’ attacks as well as a security check before transferring payments.
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