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 | ≈1 billion RHOM |
| Initial Distribution | Airdrop:Max 6 billion RHOM Origin:800 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 |