Symbol RIC
Established 03.02.2014
Website URL Link
Block explorer Link
Off. announcement​ Link
Founder gatra
Algorithm CPU mining
Protocol POW
Reviews 0 / 0

RieCoin was launched in 2014. Like many other cryptocurrencies, Riecoin is based on Bitcoin's open source. This digital currency is a peer-to-peer network with no centralized administrative system or middlemen.

Riecoin’s and Bitcoin’s APIs have a lot in common. The peer-to-peer protocol was borrowed from Bitcoin and slightly modified.

Since the process of digital money creation, also known as mining, is extremely important, the Riecoin team focused efforts on seeking those aspects that could be improved and renewed. They found that the hashing function, known as "Proof of work", had been consuming too much processing power. This is the reason why they decided to move away from this function. The team was convinced that instead of hashing, that processing power could be used for performing more important and useful tasks.

This currency was launched on an absolutely fair basis. Due to the fact that the first 576 blocks brought no rewards, it prevented instamine during the first stages of Riecoin’s development.


There are no reviews for this cryptocurrency. You can be the first to review this currency and tell us about your experience with it.

Please Authorize or Register to add a new review for this service.

    News and Tweets

    Below you can find news and recent tweets related to this cryptocurrency, obtained from various sources.