Ryo Currency

Ryo Currency (RYO) is a privacy-focused digital asset that operates on a proof-of-work consensus mechanism. It is a fork of Monero, another privacy coin, and strives to provide a high level of confidentiality for transactions and storage of value. Ryo Currency aims to achieve this by focusing on key areas such as the development and maintenance of Ryo wallets, working with payment gateways for wider acceptance, and enhancing coin security, untraceability, privacy, and speed. The project is led by pseudonymous developers and is supported by an active community.

Ryo Currency operates on the CryptoNote protocol, similar to Monero, and uses a Cryptonight GPU mining algorithm. This means that anyone with a GPU can mine Ryo, making it more decentralized than other cryptocurrencies that rely on ASICs for mining. Ryo's privacy features include encrypted sending and receiving addresses, obfuscated transaction amounts, and the use of disposable ghost addresses to conceal the real Ryo address from senders. This allows for truly anonymous and untraceable transactions. Ryo also implements Ring Confidential Transactions with a minimum ring size of 25 to conceal every transaction in the Ryo network.

Ryo Currency strives to function as a digital medium of exchange, providing a high level of privacy and fungibility. It is designed for users who require confidential transactions and storage of value without being traced, monitored, or identified. Ryo's privacy features aim to make it suitable for transactions where anonymity is a priority. Users can choose from the Ryo Wallet Atom and the Web Wallet Quasar to store, send, and receive Ryo. These wallets are available on both desktop and mobile platforms, and the Atom wallet also supports GPU solo mining.

Ryo Currency was founded by its pseudonymous lead developers @Fireiceuk and @Mosuforge. It is a fork of Monero and is based on the CryptoNote protocol. Since its inception, Ryo has focused on creating a more secure cryptocurrency by enabling higher ring size and implementing a new private transaction system that retrofits to support the old payment ID system. The total supply of Ryo is 88,188,188, with 32.7 million RYO currently in circulation. The project has been actively developed and supported by the community, with an aim to enhance privacy and security features.