RHOM Specifications

Quick introduction to technical specifications of RHOM coin.
Read our RHOM coin FAQ on Wiki for more details


Blockchain specifications

RHOM is a Proof-of-Stake and privacy-focused cryptocurrency based on the Bitcoin codebase. It is always maintained to its latest version for security, usability, and stability purposes.

Its blockchain is powered by multiple leading edge distributed protocols typically built for Bitcoin. This includes Segwit, atomic swaps, and the Lightning Network.

Block time 150 seconds
Block size 2 MB
Consensus mechanism Rhombus Proof-of-Stake with cold-staking
Money Supply ≈Between 1 - 7 billion RHOM
Initial Distribution Airdrop:Max 10 billion RHOM
Origin:800 million RHOM
ICO:Max 200 million RHOM
Always up-to-date BTC codebase New changes to Bitcoin codebase are integrated to Rhombus regularly to keep up with latest security fixes and performance improvements
Segregated Witness Native support for all transactions
Atomic Swaps Supported with compatible blockchains

Staking

Rhombus staking protocols rewards stakers with regular dividend-like rewards in exchange for securing the network by keeping their nodes online.

Stakers can also use cold staking which rewards them with staking rewards even if their funds are stored offline in cold wallets. Stakers can also team up and stake using cold staking pools which are like mining pools, but for staking.

Rhombus Cold Staking Staking via dedicated devices
Yearly interest rate Approximately 0.5 %
Staking reward ≈ 25 RHOM
Coin maturity 192 confirmations approx. 8 hours

Privacy features

RHOM is a next-generation privacy coin that leverages a combination of several privacy protocols (CT, RingCT, Bulletproofs, stealth addresses) as well as the Bitcoin codebase to provide unmatched privacy and flexibility.

Because these protocols run on top of the Bitcoin codebase, RHOM is able to be used within smart-contracts and decentralized applications, making them as private as the RHOM currency itself.

Multi-state privacy 3 optional privacy levels for transactions
Public transactions Bitcoin-like public transactions, auditable on blockchain
Blind transactions AKA Confidential Transactions (CT) Transaction parties are visible on blockchain, but the amount is hidden
Private transactions AKA RingCT Both transaction parties & amounts are hidden on blockchain