Rank | Name | Price | 24h | 7d | Volume | Market Cap | Votes 24h | Votes 7d | ||
---|---|---|---|---|---|---|---|---|---|---|
20 | Raptoreum RTM Price: $0.000481 24H: 2.34% 7D: 7.8% Volume: $21,495 Market Cap: $2,319,854 Rank: 20 Votes 24h: 4 Votes 7d: 4 | $0.000481 | 2.34% | 7.8% | $21,495 | $2,319,854 | 4 | 4 | ||
Raptoreum (RTM) has emerged as a groundbreaking cryptocurrency project, gaining recognition for its pioneering architecture, scalable smart contracts, and decentralized finance (DeFi) capabilities. By prioritizing decentralization and implementing robust security measures, Raptoreum is leading the way for the future of cryptocurrencies. In this article, we explore the evolution and unique features of Raptoreum that set it apart in the crypto world. Raptoreum: A Journey of InnovationThe inception of Raptoreum can be traced back to its early days as an initiative to enhance Ravencoin. After identifying vulnerabilities in the Ravencoin codebase, the project transitioned to the Dash codebase and commenced testnet operations in 2018. Following three years of rigorous testing, Raptoreum successfully launched its mainnet on February 26th, 2021. Thriving Community and Mining ActivityRaptoreum has fostered an active community comprising users engaged in building custom pools, DeFi solutions, and other services. The project has witnessed a remarkable surge in mining participation, establishing itself as the top CPU mineable coin on Hive OS. Raptoreum's DeFi Advantage: Seamless IntegrationUnlike Ethereum-based networks relying on beta-stage contract languages, Raptoreum offers built-in DeFi functionality without the need for additional contracts. This unique approach mitigates the risks associated with hacks and vulnerabilities often found in Ethereum's Solidity language. Scalability: Innovations in Smart Contract ExecutionTraditional Layer 1 smart contracts face scalability challenges due to block size limitations. Raptoreum overcomes this obstacle by executing contracts at the node level, free from such constraints. Key innovations include: Integration of tokens and basic automation into the base protocol, eliminating the need for contract-based implementation. Utilization of side chains for transaction processing, which are then notarized onto the main chain. Replacement of the Ethereum Virtual Machine (EVM) with the trusted and proven Apache Spark, a technology leveraged by industry giants like Twitter. Widening Developer Adoption with Common Programming Languages Raptoreum facilitates the adoption of a broader pool of developers by incorporating widely-used programming languages such as Java and Python. This strategic decision empowers developers to create secure, efficient, and versatile applications on the Raptoreum platform. Non-Contract DeFi and NFT MarketplaceRaptoreum introduces non-contract DeFi functionality, enabling diverse development possibilities, including the seamless integration of other blockchain networks. Additionally, the project is actively developing a unique NFT marketplace that will enable users to showcase and exchange various digital assets such as artwork, game items, certifications, and more. Decentralization and Resistance to CentralizationRaptoreum addresses concerns of centralization that impact many cryptocurrencies by focusing on CPU-based Proof of Work (PoW) consensus and collateralized nodes. This approach ensures a healthier and more stable ecosystem, reducing the risks associated with concentrated control. Experienced Team Driving Raptoreum's SuccessWith a core team boasting extensive experience in the blockchain industry, Raptoreum is well-equipped to deliver on its promises. Additionally, the project benefits from a dedicated project management and development team, fostering consistent progress and innovation. Tokenomics and RobustnessRaptoreum's unique Ghostrider algorithm, 51% double spend protection, and Chainlocks contribute to the project's robustness and resilience. With a maximum supply of 21 billion RTM tokens and a hybrid PoW/PoS consensus mechanism, Raptoreum is poised to make a significant impact in the crypto landscape. ArticlesRaptoreum: Pioneering the Future of Blockchain and DeFi Monday, January 22, 2024 |