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Author Topic: 【ANN】【RYO】【Cryptonight-heavy】 RyoCurrency - Privacy for everyone  (Read 15528 times)
RyoCurrency
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June 03, 2018, 02:03:22 PM
Last edit: November 07, 2018, 10:29:54 PM by RyoCurrency
 #1

Welcome to RyoCurrency


The fallout from Sumokoin's premine SNAFU and their rash decision to hard fork back to ASIC friendly Cryptonight algorithm resulted in a community backed effort to maintain the original intent of the project of improved privacy and to stay true to GPU miners with CN-Heavy.

At block height 137500 what is currently SUMO/RYO have transitioned into RYO and SUMO. Now they are running on a separate chains.



Digital Cash For Highly-Confidential Transactions

Private
Ryo is created with a high level of privacy in mind, setting Ring Confidential Transactions (RingCT) with minimum ringsize (mixin) of 12 to conceal sources/amounts transferred and make it high resistance to blockchain analysis.

ASIC-proof
The Ryo implements Cryptonight-Heavy ASIC Resistant algorythm. Ryo, as a fork from Monero which itself was initially based on the CryptoNote protocol, inherits all whitepapers and academic studies from CryptoNote and Monero Research Lab. Additionally, Ryo has pioneered technologies such as Cryptonight-Heavy, which have been used by numerous other Monero forks.

Untraceable
Ryo is untraceable; sending and receiving addresses are encrypted, transacted amounts are obfuscated by default. Transactions on the Ryo blockchain cannot be linked to a particular user or real-world identity.

Decentralized
Ryo follows Satoshi Nakamoto's vision of decentralized, trustless cryptocurrency, i.e. a secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus, and then recorded on the blockchain immutably. Third-parties do not need to be trusted to keep your Ryo safe.

Fungible
Ryo is truly fungible, thanks to built-in privacy features. Just like cash, all Ryo are equal, changeable. It is extremely unlikely that coin will ever be blacklisted by any party due to its association in previous transactions

Anonymous
Ryo allows you to use a new ghost address for every transaction you receive. Never receive coins with the same address twice, reducing the chance of linking your transactions to your spending habbits.




COIN SUPPLY & EMISSION


  • Total supply: 88,188,888 coins in 20 years(including 8M dev. fund emitted together with the block reward over 6 years.), then 263,000 coins will be emitted yearly to account for inflation.
  • More than 80 million coins are available for community mining.
  • 8,790,000 Ryo coins were burned to get rid of the original Sumokoin premine. Additionally, 100,000 coins were premined and instantly unlocked to Sumokoin devs in 2017.

The pre-mined coins have been frozen/burned in commit c3a3cb6/  blockchain_db/blockchain_db.cpp#L250-L258 as announced on reddit.

  • Coin symbol: RYO
  • Coin Units:
      
    • 1 nanoRyo  = 0.000000001 RYO (10-9-the smallest coin unit)
    • 1 microRyo = 0.000001 RYO (10-6)
    • 1 milliRyo = 0.001 RYO (10-3)

  • Hash algorithm: CryptoNight Heavy (Proof-Of-Work)
  • Emission scheme: Ryo's block reward changes every 6-months according to the following "Camel" distribution*. Our emission scheme is inspired by real-world mining production comparable to crude oil, coal and gas which is often slow at first, accelerated in the next few years before declining and becoming depleted. However, the emission path of Ryo is generally not that far apart from Bitcoin.






* The emulated algorithm of Ryo block-reward emission can be found in Python and C++ scripts at scripts directory.



WHY YOU SHOULD INVEST IN RYO

  • We have Roadmap that runs since 2017, and partially have already been completed succesfully. So we have a clear plan what to do, and what features to implement.
  • Responsible DEV team: both Fireice_uk, psychocrypt - are well known figures in crypto-world: creators of XMR-stak, former contributors to Monero coin project, that proved themselves by as top-grade specialists, that will result in the most technological asic-proof e-currency in near future.
  • We have active community: people are welcomed to ask their questions and the members of DEV team find time to support community across their tough schedule via various social media channels.



THE TEAM

Initially, the core team will consist of the following members: Fireice_uk and psychocrypt (the developers behind xmr_stak) will take leadership of all core programming on the daemon and command line wallet binaries. Mosu_forge will continue on the GUI wallet coding he started early in April. Certain team members will support the community and act as liaisons for the moment. As more projects are put on the roadmap, members of the community will be pulled into more roles,as well as new programmers will be added to the team.

Core developers: @Fireice_uk, @psychocrypt, @mosu_forge
Contributing Team: @RyoRU, @Nostradamus411, @Kesior

Credit is due to the Monero Project. Without it Ryo would not be possible. Monero is a great project, but the Ryo Team believes we can create a more secure cryptocurrency by enabling higher mixins from the start and implementing features such as anonymous transaction broadcast and faster elliptic curve crypto that improves on our predecessor.



WALLETS

Meet the first release of the new, Electron based, Ryo Wallet - Atom. Being the foundation for further development, this initial release already brings several improvements over previous GUI wallet. Read our full press release about Ryo Wallet Atom.

Current version: 1.1.0
Download link



Binaries (cli wallet):
Current version: v0.3.2.0



Other future wallet implementations:
  • - Micro-Payment Channel Feasibility Study
  • - Web/Online Wallet
  • - XMR-Stak GUI Interface
  • - Bulletproof Implementation
  • - Mobile Wallets for Android & iOS Devices
  • - Micro-Payment Channel Implementation




MINING POOLS and BLOCKCHAIN EXPLORER

We have ddos-protected official mining pool, and more pools are going to be added in nearest future.







EXCHANGES




SOCIAL MEDIA





More details at Ryo-currency.com

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RyoCurrency
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June 03, 2018, 02:10:10 PM
Last edit: January 11, 2019, 06:35:29 PM by RyoCurrency
 #2

2018
June 04.2018 - Ryo Currency start
June 04.2018 - RYO began trading at TradeOgre
June 05.2018 - GUI Wallet v0.1.1 released
June 07.2018 - Ryo is listed at Coinlib
June 08.2018 - Wallets 0.1.2 are available (added checkpoints to secure and more stable syncing the network (test and mainnet) +removed old testnet nodes)
June 09.2018 - RyoCurrency has requested all exchange listings to enter Maintenance mode for a few weeks while the Core Dev team works to move us onto a **secure and validated codebase** after the recent attacks. Nothing is more important to the $RYO project than a secure foundation. @Ryocurrency_official
June 20.2018 - Lite wallet available
June 24.2018 - RyoCurrency code will be Source-Available for 6 months upon release (EN release / RU translation)
July 02.2018 - Binaries v0.2.0 released.  First full release, including features such as multisig, wallet RPC auth, fluffy blocks, bulletproofs (not enabled yet), much shorter 'kurz' addresses for people who don't need a viewkey, and short 14-word seed secured by a proper crc-12 checksum. GUI wallet will be updated soon to 0.2 and it will be merged with Lite wallet.  More about 0.2.0 release
July 02.2018 - Pool operators and exchanges have been notified about update and fork height at block 150 000 ( 7th of July ). One of the official pools ( https://pool.ryo-currency.com ) is already running 0.2.0 software
July 03.2018 - Cryptopia announcement SUMO/RYO Update
July 04.2018 - Ryo Currency 'Free Radical' v0.2.0.1 Bugfix-Release. If you already use version v0.2.0 and do not use the tool ryo-address-validator, an update to this Bugfix-Release is not necessary.
July 06.2018 - Ryo GUI v0.2.0.1 wallet released
July 07.2018 - Ryo GUI v0.2.0.2 wallet and Ryo Currency 'Free Radical' v0.2.0.2 Bugfix-Release
July 07.2018 - 150000 v4 Fork
July 11.2018 - Trading on Cryptopia is now open! https://www.cryptopia.co.nz/Exchange/?market=RYO_BTC
August 02.2018 - Ryo v0.3.0.0 fork. Introducing dev fund, and various bug fixes.
August 07.2018 - RYO GUI/LITE 0.3.0.0 wallet is available for download
August 19.2018 - Our new paper wallet generator with full support of short seeds and kurz addresses is live
September 09.2018 - Ryo v0.3.1.0 fork
September 09.2018 - Ryo Wallet Atom - released.  [Press release]
September 21.2018 - Ryo Payments WooCommerce Gateway is released. This is not just a rebranded version of the monero wordpress plugin, it has tons of new features and makes accepting Ryo on your webstore accessible to everyone. https://github.com/ryo-currency/ryo-payments-woocommerce-gateway
September 29.2018 - Ryo binaries 0.3.1.1 security update + Atom 1.0.1 update
October 02.2018 - Ryo binaries 0.3.1.2 stabillity update
October 03.2018 - Ryo Wallet Atom 1.0.2 stabillity update
October 03.2018 -  Ryo Store - opened! Visit Ryo Store
October 12.2018 - XMR-stak update 2.5.0 with Ryo logo
October 25.2018 - The Ryo Business Room is introduced. Join our Telegram channel: https://t.me/ryocurrency PM @RyoSharkBot for an invite.
November 7.2018 - 0.3.2.0 Binaries update
November 7.2018 - 0.1.1.0 Ryo Wallet Atom update
November 13.2018 - Dev fund explorer introduced
December 12.2018 - Ryo has been added to Bisq decentralised exchange http://bisq.network/
December 31.2018 - Ryo 2018 retrospective

2019
January 5.2019 - 0.4.0.0 update public beta test phase start
BitPotus
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June 03, 2018, 02:52:31 PM
 #3

so how does this work?

Sumokoin rebranding into RYO?

or Sumokoin and RYO are now different?

Andeze17
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June 03, 2018, 02:57:13 PM
 #4

What is the relationship between RyoCurrency and Sumokoin, and why is there no mention of Sumokoin in the OP?
On The RyoCurrency website it is still referring to the SUMO coin under exchanges.
winedes
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June 03, 2018, 03:21:41 PM
 #5

RESERVED  MAYBE ITS A EXCELLENT PROJECT!
Nostradamus411
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June 03, 2018, 03:25:26 PM
 #6

so how does this work?  

Sumokoin rebranding into RYO?

or Sumokoin and RYO are now different?

Sumokoin and RYO are different.  Sumokoin is NOT rebranding to RYO any longer, Sumokoin will hard forking at block height #137500 off of the existing network and away from CN-Heavy to return to ASIC friendly CN.


The network known as Sumokoin will become the RYO network at block height# 137500, as RYO is staying on CN-Heavy.  We will soon be releasing an updated wallet with added replay protection (starting at block height #137510) for our community, so best bet is to not be making any moves in that ~40 min window before we get to active replay protection.
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June 03, 2018, 03:45:44 PM
 #7

res
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June 03, 2018, 03:49:25 PM
 #8

So this is an asic friendly coin huh? I would like to know why did the team make that decision because I'm curious if its fair or not for new adopters. Besides I don't know if newcomers can get their hands to asic hardware.

▬▬▬▬▬ ●  ▬▬▬ ● ▬▬▬▬ ● ▬▬ ●   P A R Q   ● ▬▬ ● ▬▬▬▬ ● ▬▬▬  ● ▬▬▬▬▬
▬▬▬ ● ▬▬▬ ● ▬  A GREEN, SMART AND CONNECTED CITY PLATFORM ▬▬▬► WP
MEDIUM | REDDIT | FACEBOOK | TELEGRAM | TWITTER | YOUTUBE | ANNOUNCEMENT
Nostradamus411
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June 03, 2018, 03:54:58 PM
 #9

So this is an asic friendly coin huh? I would like to know why did the team make that decision because I'm curious if its fair or not for new adopters. Besides I don't know if newcomers can get their hands to asic hardware.

No, no...that would be Sumokoin : https://bitcointalk.org/index.php?topic=1905086.0

You'll have to ask of in that thread why the move back to ASICs.


RYO is staying on Cryptonight-Heavy, ASIC resistance is the game!
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June 03, 2018, 06:00:28 PM
Last edit: June 03, 2018, 07:41:26 PM by cryptomaxsun
 #10

Dear miners and users!
Here is the Russian translation - https://bitcointalk.org/index.php?topic=4414698.0

Welcome!

Jegu.Samana
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June 03, 2018, 07:14:58 PM
 #11

Are you planning to burn sumos premine? Or this will be donation to sumokoin devs?
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June 03, 2018, 07:17:34 PM
 #12

Are you planning to burn sumos premine? Or this will be donation to sumokoin devs?

Yup, came here to ask the same. What's going to happen to the premine?

I don't think you need to get rid of all of it, but I think it's a bit high at the moment.
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June 03, 2018, 07:25:56 PM
 #13

I liked it in your coin. "Rio is not tracked, sending and receiving addresses are encrypted, transaction amounts are defaulted by default. Transactions on the Ryo block chain can not be associated with a particular user or real identity." But, as often happens - there is not enough information, about developers, design and other things, what these projects usually wrap.

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June 03, 2018, 07:55:03 PM
 #14

I don't really know the story about Sumokoin and fireice, but if they will come back to the original CN, I will switch to RYO if fireice and psychocrypt are really involved in this "new" coin.
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June 03, 2018, 07:58:14 PM
 #15

Does that mean that this will be a fork like the BTC and BCH one?

If I hold Sumokoin, will I get an equal amount of RYO?

RyoCurrency
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June 03, 2018, 08:01:17 PM
 #16

Are you planning to burn sumos premine? Or this will be donation to sumokoin devs?
The pre-mined coins have been frozen/burned in commit [c3a3cb6] as announced on reddit

RyoCurrency
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June 03, 2018, 08:14:03 PM
 #17

I don't really know the story about Sumokoin and fireice, but if they will come back to the original CN, I will switch to RYO if fireice and psychocrypt are really involved in this "new" coin.
Ryo stays cryptonote-heavy and asic-proof. Fireice_uk and psychocrypt are really involved in this coin as you may see in ANN text.
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June 03, 2018, 08:19:46 PM
 #18

Are you planning to burn sumos premine? Or this will be donation to sumokoin devs?

Burned/Obliterated/Invalidated. Take your pick, basically gone Smiley
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June 03, 2018, 08:24:39 PM
 #19

I don't really know the story about Sumokoin and fireice, but if they will come back to the original CN, I will switch to RYO if fireice and psychocrypt are really involved in this "new" coin.
Ryo stays cryptonote-heavy and asic-proof. Fireice_uk and psychocrypt are really involved in this coin as you may see in ANN text.


So I guess I could mine with my actual SUMO adress on https://pool.ryo-currency.com ?
Nostradamus411
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June 03, 2018, 08:31:24 PM
 #20

I don't really know the story about Sumokoin and fireice, but if they will come back to the original CN, I will switch to RYO if fireice and psychocrypt are really involved in this "new" coin.
Ryo stays cryptonote-heavy and asic-proof. Fireice_uk and psychocrypt are really involved in this coin as you may see in ANN text.


So I guess I could mine with my actual SUMO adress on https://pool.ryo-currency.com ?

Correct.
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