[ANN] Raptoreum - POW (GhostRider) | ASIC And FPGA Resistant | Mainnet Is Live

[Dradden]

Just a quick summary of what Raptoreum is aiming to do and why it is exciting. There are some things I have left out that will be revealed a bit further into development. (can't give up all the awesome sauce this early)

Raptoreum brings together the strengths of Ravencoins assets and smart contracts, and in doing so solving a few issues and improving upon a few things.

1. Ravencoins assets are groundbreaking and unique in Crypto. Ease of use, dividends, voting, unique names, cannot be accidentally destroyed, immutable public ledger. But it is missing the ability for automated and programmable trustless transfers which closes the door on massive potential.

2. Ethereums smart contracts are flexible making it the go to for DAPP developers. But it suffers from scaling issues, can be complicated to use and there are bugs which can also lead to accidental destruction of of tokens. Example would be ERC20 which is known is bugged and has already cost millions and millions in losses. But yet developers continue to use it and Ethereum continues to promote its use. That same bug is apparent and active in other standards such as ERC777 for example.

Raptoreum moves smart contracts onto its masternode network which not only solves the  scaling issue that Ethereum faces but allows a greater range of languages to be used in programming. This is also what facilitates automated trustless trading of assets.

3. Moving to ProgPow in my opinion offers greater protection from ASICs then does X16R.

The Door Opens

On Raptoreum now assets are a viable option for DAPP developers and the possibilities are endless and extremely powerful which will help fuel adoption.

Simple Real World Example

Game items could be tokenized making them verifiable unique and immortalizing them at the same time, using IPFS metadata even a screen of the item can be included. Using smart contract that item can be traded or sold ingame based or whatever triggers are chosen when making the contract, the item and attached asset is transferred when trigger is met. This means also items could even be traded across games and platforms.

Rarity of the item can be determined and verified by the total supply of the attached asset... epic! Unlike a centralized game where you do not actually know how rare the item is, here it it can be proven and verified! This is just a small small sample.

[Raptoreum]

First post has been updated with some additional information.

[billgertz]

res for pool

[Dradden]

Raptoreum has a site active now: https://raptoreum.com

Whitepaper not far away.

[Raptoreum]

Updated OP.

[nifehej]

which should I use POLL

[boopy265420]

When more information will be available then can be said anything in favor or cons of this forked project. It is interesting why you decided to start a project from scratch instead of supporting the real one. More technical specifications in coming days/weeks will be helpful to reach somewhere. Till then I also have marked it as watch only project continuously.

[Dradden]

When more information will be available then can be said anything in favor or cons of this forked project. It is interesting why you decided to start a project from scratch instead of supporting the real one. More technical specifications in coming days/weeks will be helpful to reach somewhere. Till then I also have marked it as watch only project continuously.

The RVN won't do what we are doing, for a few reasons.

1.) It would require a hard fork
2.) It would cause congestion and scaling issues as they will not add MN to handle contracts and instead would be added to blocks Ethereum style.
3.) Requires a change to ProgPow which they have shown no interest in doing.

This is why Raptoreum is born it is the only way we see at this time to unlock the huge potential of the asset system when combined with contracts, and do it without causing scaling issues and congestion.

Hope that helps.

[Dradden]

Learn a bit more about the project:
https://medium.com/@kawwwoin/raptoreum-is-a-combination-of-ravencoins-features-and-upcoming-features-with-smart-contracts-54b479aeb9e6

[QueenFlorence]

italian translation reserved

[QueenFlorence]

Please join raptoreum facebook group: https://www.facebook.com/groups/raptoreum/  and page: https://www.facebook.com/Raptoreum-2208334972519657/   if possible, to help us growing this project    And spread the word!   Thanks.

[Dradden]

FAQ added: https://medium.com/@kawwwoin/raptoreum-faq-446185503cee

[GthmR]

Very excited for this project. A fully community sourced project after a long time

[QueenFlorence]

Please join raptoreum facebook group: https://www.facebook.com/groups/raptoreum/  and page: https://www.facebook.com/Raptoreum-2208334972519657/   if possible, to help us growing this project    And spread the word!   Thanks.

[CoachCryptos]

Really looking forward to this project.  Ravencoin w/ DApps. Very nice integration.

[Bigpiggy01]

Really looking forward to this project.  Ravencoin w/ DApps. Very nice integration.

I'm more looking at it for trustless asset transfers. To me that is the next level

[Dradden]

We have a had a few offers of help from some great devs, we are discussing these and it looks like development will start really rolling within the next 1-2 weeks!

[GthmR]

Development starting soon. Pretty pumped  My rigs are on standby

[Raptoreum]

First post updated.

[amrulshare]

I will watch this project how this project will develop, I noticed the coin masternode, it developed quite well.