Bitcoin Rhodium FAQ

Bitcoin Rhodium [XRC]
Oct 23 · 4 min read

What is Bitcoin Rhodium?

Bitcoin Rhodium is a decentralized store-of-value cryptocurrency with a strong appeal for investors looking for a long-term investment in crypto securities.

Is this a Bitcoin fork?

NO. Bitcoin Rhodium is not a Bitcoin fork and uses its own unique blockchain.

Is it an open-source project?

YES. It is programmed in C# language and source code can be found here on GitLab.

When was it launched?

Mainnet launched on October 20, 2018, but the project started on December 1, 2017

Why did you decide to create Bitcoin Rhodium?

Our passion is to develop a cryptocurrency that is primarily held by investors for the long-term. We want XRC to be a niche savings account accepted by many, because of both its scarcity, but also because of its community of investors who see the long-term potential in holding a very scarce coin. Please read the White Paper and take a look at our Road Map to know more where Bitcoin Rhodium is headed. You can also check our Progress page to see the actual development.

How does Bitcoin Rhodium differ from BTC?

The main difference is that Bitcoin Rhodium’s max supply is just 2.1 million coins or one-tenth of Bitcoin’s.

What is Bitcoin Rhodium’s ticker?

XRC

Is it minable?

YES. Bitcoin Rhodium uses Proof-of-Work (PoW) system as a consensus mechanism. You can mine XRC with any compatible x13 hardware. Read our Mining Guide, choose a suitable pool on MiningPoolStats and start mining. You can calculate your profits on WhatToMine.

How fast are Bitcoin Rhodium’s transactions?

XRC has the same block interval target as BTC, which is 10 Minutes.

Is Bitcoin Rhodium a privacy coin?

Same as BTC, Bitcoin Rhodium is pseudonymous rather than anonymous, coins within a wallet is not tied to people, but rather to one or more specific keys or addresses. Thereby, XRC owners are not identifiable, but all transactions are publicly available in the blockchain. But we are planning to add more privacy features soon. To learn more about that please read the this post written by one of our devs.

Where can I get Bitcoin Rhodium?

You can buy it on multiple exchanges, acquire through mining or even get it for free if you already hold some.

On what exchanges does Bitcoin Rhodium trade?

XRC can be purchased on following exchanges: HitBTC, P2PB2B, Changelly, Bisq, Tradesatoshi, FatBTC and WhiteBIT

How can I get XRC for free?

You can get Bitcoin Rhodium for free participating in Strong Hands Program, which is one of our use cases. To get free coins all you have to do is to hold any amount of XRC on your wallet for three months. That’s all. No other requirements.

What other use cases does Bitcoin Rhodium have?

Two more use cases are: The Crypto Trinity — an efficient ecosystem together with Bitcoin and Litecoin that can facilitate users and investors with different needs and preferences. And FreeMarket ONE — tor-based Peer-2-Peer barter trading platform, anonymous marketplace to trade precious metals worldwide.

Where can I store Bitcoin Rhodium?

You can keep your coins safe in one of the following wallets: Electrum-XRC, Trezor, Full node wallet, Magnum wallet or Web wallet.

Which one of these wallets should I choose?

It depends on what platform are you and how you plan to use XRC. Hardware wallets has proven to be the most secure way to store crypto, so choose Trezor wallet for maximum security. For desktop on any major platform use Electrum-XRC. It is secure and really easy to use. Magnum wallet will give you simple access to your coins on Android (iOS app in development). Web wallet works in any browser but we recommend you to use more decentralized third-party solutions.

Are there any active bounty programs?

You can earn XRC by being Bitcoin Rhodium’s ambassador. If you’re interested in participating, please fill in this form. More info about the program on website.

Where can I find more info about the project?

Please check our official resources: Website, Discord, Twitter, Telegram, BitcoinTalk, Blog and Reddit.

Where can I check XRC price?

Main sources to keep track of Bitcoin Rhodium’s price are Blockfolio app, CoinMarketCap and CoinGecko.

Bitcoin Rhodium Blog

Bitcoin Rhodium´s Blog written by XRC team, developers, ambassadors.

Bitcoin Rhodium [XRC]

Written by

Community-based cryptocurrency with its own unique blockchain. It is programmed in C# language and is POW only. Learn more: bitcoinrh.org

Bitcoin Rhodium Blog

Bitcoin Rhodium´s Blog written by XRC team, developers, ambassadors.

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