Kamis, 17 Januari 2019

What makes Rya special?

Every day, practically, new cryptocurrencies are presented; it's a fact.
What then these coins have real value, is another matter.
Today we introduce a very interesting project, which finally has intrinsic, real usefulness, a very active community as well as a solid technology and philosophy: Rya Coin.




The Rya project is an open source community driven monetary system and cryptocurrency.
The project was initially forked from NXT source code; then developed in a very different direction and for several good reasons.




To start, unlike the myriad blockchain based products available, Rya is a true currency.
This means that Rya it's an organization that does not try to sell anything.
It’s simply trying to introduce a better type of money to the world; so the value of Rya coins is strongly connected to usage in the real world as a medium of exchange. You can download the desktop Wallet or Android Wallet from the official website.

Another important factor is leverage: is one of the most important factors in the economy and in the Rya ecosystem, leverage is expressed in the form of p2p loans. Aptly the Trust coin balance represents a user’s behavioral history. If a user returns a loan with interest the system grants them a Trust reward, if they default on a loan than the system enforces a Trust penalty.

It is right, however, to point out an important thing.
How a lender can rely on the Trust balance of an account when deciding whether to provide a loan to a potential borrower?

The Trust balance can be used as a rough estimation of a credit score, and could be used as a metric when determining whether to give a loan, but the intelligent lender should always evaluate the borrower using other measures as well in order to protect themselves.

Curious?
Follow all the updates and announcements, through the official website and the social channels.

Official Website: https://ryacoin.ioGitHub: https://github.com/ryadevelopers/rya
Twitter: https://twitter.com/RyaCommunity
Medium: https://medium.com/@ryacommunity
Telegram: https://t.me/RyaCommunity