User:Michal Pobuda/sandbox

RTM crypto-asset … fork of DASH open source (fully or partially?) key points: combination of PoW and PoS, ASIC and FPGA resistant, secure against 51%, flexible contract layer

History
Initially based on Ravencoin codebase with the goal

DASH … first currency to implement the masternode protocol … proof-of-service algorithm (first tier … miners, second tier … nodes) … dogether, both tiers distributed consensus on the DASH blockchain

unique combination of proof-of-work and proof-of-service

Several crypto assets use master node protocol since then.

Node … client that operates on the network that can send and receive transactions

Full node … has the capabilities of a node plus more. It can send and receive transactions, maintain a copy and update the blockchain with new transactions and confirmations from miners.

Design
GhostRider

custom mining software algorithm

based on x16r created for Ravencoin (generated sequence of 16 hash functions for each block creates ASIC resistance), originally from X11 created for DASH (ran 11 hash functions in series … ultimately implemented in ASICs)

? what is CNv1-8 …

additionally inherent possibility to alter algorithms on the fly without the need for forking, insreasing security

ASIC

The Problem With ASICs

https://oxen.medium.com/the-problem-with-asics-3c9cee44f383

ASIC exploit due to firmware bug

https://www.timesofhacker.com/2017/04/backdoor-exploit-discovered-in-popular-bitcoin-mining-equipment.html

FPGA resistant

Smart Nodes

Improvement over master nodes

Improvements vs Bitcoin and Ethereum

Security

Futures

Smart Contracts

in 4 major programming languages … opposed to Ether in solidity … make smart contract more accessible