Privacy Coin Reviews: RYO

MeanHash
3 min readNov 25, 2020

Project Name: Ryocurrency

Coin Ticker: RYO

Market Cap: $380,443

Exchanges: TradeOgre, CREX

Mining Algorithm: Cryptonight-GPU

Block time: 4m

Original code base: Monero

Founder’s reward or analog: 8m coins dev-fund distributed on weekly basis over 6 years, accessible via explorer

Development Team: https://ryo-currency.com/faq/#3

Privacy Protocol: Cryptonote (RingCT, default ring size: 25)

How does the project protect users?

Confidently Transact with the Highest Degree of Anonymity

Explain the Anonymity Sets (per txn):

Ryo was conceived with the highest levels of privacy in mind. From day one, Ring Confidential Transactions (RingCT) with minimum ringsize of 25 were implemented to conceal every transaction. Ryo Blockchain analysis is impractical. Have piece of mind knowing that what you choose to do with your money is your business, not anyone else's. As privacy is the core foundation of Ryo, sending and receiving addresses are encrypted and transaction amounts are obfuscated by default. Disposable ghost addresses conceal your real Ryo address from senders, allowing for truly anonymous and untraceable transactions. Our uniform payment ID system, makes transactions that use payment ID-s untraceable and hides the very fact that you use ID-s. Ryo allows you to use a new ghost address for every transaction you receive. Never receive coins with the same address twice, even further reducing the astronomically tiny chance of you and your transactions to be traced.

Privacy By Default: Privacy by default, can send transaction keys for verification and wallet view-only mode is available.

% tx Anon: All transactions are made using ring signatures

What makes your wallet easy to use?

GUI interface, made from scratch, remote nodes, address book

What are you doing to make the wallet more user friendly?

Add more features and gather feedback from users.

Wallets:

Previous Ryo desktop GUI Wallet and Ryo LITE Wallet have been merged into one GUI wallet. The development of a brand new wallet, built from scratch using modern Vue.js and Electron frameworks, resulted in the release of Ryo Wallet: Atom.

What makes your wallet easy to use?GUI interface, made from scratch, remote nodes, address book

What are you doing to make the wallet more user friendly? Add more features and gather feedback from users

Supported OSs: cli wallet: windows, linux, macosx

GUI: windows, Linux, macosx

Mobile: In development

What does privacy mean to you? It is everything and cornerstone feature of the project.

What makes your project stand out above other projects?

Well known team with experience in software development (miner, algorithms, monero and other coins contribution)

What do you have in the works for future development?

What is the path to mass adoption of your project?

Many — one of them is more merchants that will use plugins like WooCommerce plug-in for web developers. This is not just a rebranded version of the Monero wordpress plugin, it has tons of new features and makes accepting Ryo on your webstore accessible to everyone. Explore our Ryo gateway on Github . It is well documented, ready to use solution, that is being used on official Ryo Store as demonstration of its capabilities.

Important links:

Website: https://ryo-currency.com/

Why RYO: https://ryo-currency.com/ryo-serious-competitor-to-monero/

Community: https://ryo-currency.com/social/

Block Explorer: https://explorer.ryo-currency.com/

Business Room: https://ryo-currency.com/ryo-business-room/

FAQ: https://ryo-currency.com/faq/

Library: https://ryo-currency.com/library/

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