Ring: A Cryptocurrency antidote to Brexit.
As the UK leaves one union, another is formed.
On 18 February 2020, Ring will be forged by unifying the chainstates of four established cryptocurrencies. With revolutionary new features and a huge initial distribution, Ring truly has something for everyone.
Different kind of monetary union: Bitcoin, Litecoin Cash, Dash, Doge.
Private keys from the 4 chains will be valid for import into a new wallet in order to claim the new coin.
Together, rewarding these coins will constitute the largest cryptocurrency initial distribution to date and capture over thirty years of cumulative blockchain history across more than 30 million individual addresses.
Be a holder of any of the 4 coins on 18-Feb-20 to receive a proportional entitlement to Ring!
We are pleased to announce that the claim ratios have been revealed!
- 1 BTC = 1 Ring = 100 000 000 Ringsat.
- 1 LCC = 0.00020000 Ring= 20 000 Ringsat
Or simply put, for every 5000 LCC held, receive 1 Ring!
- The claim ratio of Dash will be derived from the exchange value against Bitcoin at the time of the snapshot.
- The claim ratio of Doge will be derived from the exchange value against Bitcoin at the time of the snapshot.
Holders of Litecoin Cash will be rewarded with a significantly higher claim rate than its current exchange rate.
This will be done in order to give a sizable reward to our loyal community, who we consider to be the backbone of this great project and key to its future success.
Ring offers fully democratized mining, while maintaining the highest level of security. Three revolutionary methods of securing the chain will be available directly from within the core wallet.
Simply download it, and everything is there at your fingertips on a user friendly platform, ready to go.
The Power of the Ring.
Minotaur — the guardian of your labyrinth.
A new custom designed ASIC-resistant, CPU-based, Proof-of-Work algorithm.
The design favors core count over speed — moving back towards Satoshi’s “one core, one vote” vision.
Conceptually, it imprisons an unfortunate beast inside what we like to call a “torture garden” of 21 nodes. The hapless Minotaur moves from node to node calculating an unpredictable chain of hashes.
Sounds complicated? Don’t worry it’s brilliant and simple to use. Connect some cores and away you go. You are now a crypto miner!
Hive — The solid foundation meets a world wide audience.
Bringing an additional and energy-efficient mining dimension to the blockchain, an entirely new iteration of Litecoin Cash revolutionary Hive Mining technology.
On-chain agents (dwarves) are created that mine on your behalf, eliminating the need for specialized hardware. Anything from a Raspberry Pi to your normal desktop PC is fine.
Become a Dwarf master and earn Ring while securing the blockchain!
Read more about the original Hivemining concept.
Proof-of-Play — to put it modestly, a game changer!
Discard your preconceptions about cryptocurrency mining and open yourself to an experience that has endless possibilities. Proof-of-play mining gives a zero-investment way for new users to start earning Ring, even those not holding any of the claimable coins.
A unique framework has been developed for implementing gameplay that can be used to secure the network.
Be warned though. The initial game that will be integrated upon release is super addictive.
More games will be added over time, as well as a framework to allow third-party game developers to incorporate their own new games or integrate with existing titles
That should be enough to whet your appetite, however, there is one more extremely compelling feature to reveal at this point.
Last but not least!
‘The Rialto’
In a future season Ring will integrate ‘The Rialto’. An encrypted messaging service built directly into the Core wallet.
Shakespeare’s Rialto was a street in Venice where merchants would meet and discretely conduct their business.
Our Rialto is a completely decentralized chat platform with an integrated low-friction payment system, all powered by the same encryption you trust every day to protect your coins.
Here you can securely meet and realize true, friction-less cross-border financial reconciliation.
Ring! the latest development from the team at Litecoin Cash.
We look forward to this journey and the future, taking this innovative and exciting technology Global.
Additional information and regular updates may be found at our social media channels. Join us, meet the team and our growing community. Always someone there for a chat.
