Riecoin (RIC) has been so named as it has been a way to pay homage to Bernhard Riemann. He made an elaborate study of the distribution of prime numbers. Riecoin (RIC) is a Proof of Work altcoin. Riecoin (RIC) has the block time of 2.5 minutes. There is a difficulty in retargeting Riecoins in every 288 blocks. It takes about 12 hours’ time for 288 blocks. Hard cap for Riecoin (RIC) is 84 million.
Riecoin (RIC) is a decentralised crypto currency. The miners of Riecoin (RIC) process its transactions exactly the same way the Bitcoin miners process. The mining of Riecoin (RIC) produces a bi product, that is a value added scientific community, highly verified prime sextuplet or prime numbers. The miners can collectively generate 559 digits long prime sextuplet, making a world record. This is done on a decentralised, peer to peer currency with a fair launch. Riecoin (RIC) functions as an advanced decentralised digital currency. There is no central authority for Riecoin, exactly like Bitcoin. No one can change the ledger of Riecoin or double spin. To safe guard the fair launch of Riecoin, Riecoin did not offer any rewards up to first 24 hours of release of the crypto currency Riecoin (RIC). There is no pre-mining of Riecoin. Riecoin (RIC) also promises a stable and predictable supply of Riecoins. Riecoin (RIC) is a very well suited crypto currency for making payments for services or goods or to make any investment.
Though Mining of Riecoin works similar to mining of Bitcoin, generating Proof of Work, Riecoin process of mining generates a series of prime numbers as a bi-product of mining activity, which is, besides completing the function of operating the network. Mathematicians and community of scientists remain highly interested in these sets of prime numbers. Riecoin (RIC) has this unique property to show that effective harnessing of all massive power of computing is possible for some useful purpose, apart from doing hashing functions. Riecoin is a fairly launched crypto coin. The first 576 blocks had no rewards, so there is no instance of otherwise. This has enabled all users to have opportunity to compile their wallets, whatever the operating system may be.
The user may use the built-in miner for mining Riecoin. The user may also use the classic set-generate-true. Presently, only a CPU miner for Riecoin exists, but in near future, it is expected that a miner making use of Graphic Processing Unit will also come into existence.
Riecoin is the only crypto coin that generates prime numbers in mining as a bi- product, which is of immense interest to scientists and mathematicians. This way, Riecoin has a bright future as a digital currency with scientific use.
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