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Author Topic: 【ANN】【RYO】【Cryptonight-GPU】 RyoCurrency - Privacy for everyone  (Read 37274 times)
RyoCurrency
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June 03, 2018, 02:03:22 PM
Last edit: February 24, 2020, 06:02:44 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 (later replaced with CN-GPU) mining algorithm.

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 was conceived with the highest levels of privacy in mind. From day one, Ring Confidential Transactions (RingCT) with minimum ringsize of 25 were implemented to conceal every transaction. Ryo Blockchain analysis is impractical. Have piece of mind knowing that what you choose to do with your money is your business, not anyone else's.

ASIC-proof and developing
The Ryo implements Cryptonight-GPU ASIC/FPGA/BOTNET 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: Uniform payment IDs / CN-Heavy / CN-GPU / Wallet GUI SOLO mining.

Untraceable
As privacy is the core foundation of Ryo, sending and receiving addresses are encrypted and transaction amounts are obfuscated by default. Disposable ghost addresses conceal your real Ryo address from senders, allowing for truly anonymous and untraceable transactions. Our uniform payment ID system, makes transactions that use payment ID-s untraceable and hides the very fact that you use ID-s.

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 because of its built-in privacy features. Just like cash, nobody knows who had possesion of any particluar coin before them. Even better than cash, nobody knows the identity of who they're sending their coins to. It is extremely unlikely that Ryo will ever be blacklisted by any third party due to any association in prior transactions.

Anonymous
Ryo allows you to use a new ghost address for every transaction you receive. Never receive coins with the same address twice, even further reducing the astronomically tiny chance of you and your transactions to be traced.



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.

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 GPU (Proof-Of-Work)
  • Emission scheme: Ryo's block reward changes every 6-months according to the following "Plateau" 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.

* These numbers were calculated by the Python script in this repo. Raw spreadsheet data (Excel, Gnumeric) of both current and proposed models are also available in this repo: Github.



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 and priorities
Ryo wants to be a cryptocurrency that can be used easily by average users, not only developers, so we focus on:
  • Developing GUI wallets for both desktop (Win/Mac/Linux) and mobile along with online wallet for beginners.
  • Working with payment gateways to make RYO a viable cryptocurrency accepted widely among merchants.
  • Keeping improvement in coin security, untraceability, privacy and speed.
Core developers: @Fireice_uk, @psychocrypt, @mosu_forge
Contributing Team: @RyoRU, @Nostradamus411

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 ringsize from the start, implementing new private transaction system that retrofits to support old payment ID system.


WALLETS

Local GUI wallet:
Previous Ryo desktop GUI Wallet and Ryo LITE Wallet have been merged into one GUI wallet. The development of a brand new wallet, built from scratch using modern Vue.js and Electron frameworks, resulted in the release of Ryo Wallet Atom.
Available platforms: Desktop / Laptop
press release about Ryo Wallet Atom with added SOLO-Mining function.
Current version: 1.3.2
Windows: Installer version | Zip version
MacOSX: DMG
Linux: Linux (AppImage) | Archive (.tar)
Source Code (Github)


Local CLI wallet:
Current version: v0.5.0.0

WEB wallet:
Keeping your privacy and security in mind was our top priority of guiding principals from the start of design & development for RYO. With that we released our ultra-fast WEB based wallet - Ryo Wallet Quasar.
Quasar brings the user friendly interface of our desktop GUI wallet (Atom) to the web.
Available platforms: Desktop / Laptop
Location: ryowebwallet.com



MINING POOLS and BLOCKCHAIN EXPLORER






EXCHANGES




SOCIAL MEDIA




More details at Ryo-currency.com

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June 03, 2018, 02:10:10 PM
Last edit: September 09, 2019, 09:27:11 AM by RyoCurrency
 #2

2019

June 04.2018 - Ryo Currency start
June 04.2018 - Ryo began trading at TradeOgre
June 05.2018 - GUI Wallet v0.1.1 released (Sumokoin wallet rebrand + few addons)
June 20.2018 - Ryo Lite Wallet released (Sumokoin wallet rebrand)
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 wallets, wallet RPC auth, fluffy blocks, much shorter 'kurz' addresses, short 14-word seed secured by a proper checksum.
July 03.2018 - Cryptopia announcement SUMO/RYO Update
July 11.2018 - Trading on Cryptopia is opened

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 wallets are 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. 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! Ryo Store
October 12.2018 - XMR-stak update 2.5.0 with Ryo logo
October 25.2018 - The Ryo Business Room is introduced.

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
January 23.2019 - Ryo developers fireice_uk and psychocrypt introduce new mining algorithm- Cryptonight-GPU.

February 1.2019 - Our current code usage restrictions expired. All code released up to today fell under the public domain and moved to a separate repository. Read more
February 4.2019 - Ryo Currency 'Lorentz Transform' 0.4.0.0 Update: uniform payment ID-s, CN-GPU POW, bulletproofs, default ringsize 25, new diff. algo. Read more
February 10.2019 - Ryo Wallet Atom 1.2.0 includes Ryo daemon 0.4.0.0 + "hide to tray" function and other improvements and fixes.
February 27.2019 - Ryo Currency 'Lorentz Transform' 0.4.0.1 update

Mar 23.2019 - Released Ryo Wallet Quasar - WEB based wallet.
Mar 27. 2019 - Ryo Wallet Atom with SOLO mining is pre-announced.

Apr. 7.2019 - RYO-BTC, RYO-USD, RYO-EUR, RYO-RUB markets added on Crex24
Apr.19/25.2019 - Community debates about emission curve pt1 / pt2

May 13.2019 - Ryo Wallet Atom 1.3.1 update: unique SOLO mining feature, and many more updates
May 20.2019 - [Community Debate Decision] - We are fixing a broken emission curve

June 1.2019 - Ryo Wallet Atom 1.3.2 update: various improvements and bugfixes.

July 2.2019- Plateau Emission curve code merged in dev branch and prepared to merge in next fork.

Aug 1.2019 - Ryo Elliptic Curve Code and next beta binaries public betatest phase started.
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?

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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.
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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
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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!

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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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|     Whitepaper     |     Twitter     |     Telegram     |     Medium     |
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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

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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 ?
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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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