What Is Raptoreum (RTM)?

Trading under RTM, the Raptoreum project is a secure cryptocurrency and an asset platform. The platform allows for the creation of assets and generating smart contracts. This lets users surf through an extensible and flexible smart assets platform. Thus, the platform facilitates a robust, secure, and flexible blockchain network that intends to feature NFTs and smart contracts.

The project aims to drive masses to adopt their network and work on it. As the project’s whitepaper talks about, one of the problems crypto faces is mass adoption. The Raptoreum project helps to solve this by providing the ability to everyone to tokenize anything they have an interest in. Such users can tokenize anything they like easily and intuitively. The project further allows mining for everyone and increases the decentralization of the project. The project also uses different features that control the token’s inflation and increase scalability.

The platform has introduced a new algorithm named GhostRider, explicitly created for the project. This algorithm allows for increasing overall decentralization. Adding an asset layer on the blockchain helps users quickly create non-fungible tokens (NFTs) with ease. Furthermore, the platform has allowed multiple programming languages to facilitate flexibility. Multiple languages provide flexibility in making smart contracts. Also, the platform enables the making of decentralized applications on its blockchain network.

The platform uses the proof-of-work consensus mechanism to secure its network. Coming to the Raptoreum smart node network, as the whitepaper talks about it, the network has some additional features, such as the larger size of smart contracts. Also, the whitepaper claims low transaction fees compared to other networks working on smart node platforms. The project also confirms enough resources for large-scale data processing and job execution for decentralized applications. Smart nodes are the devices on the blockchain network that provide a second layer on the network.

The Raptoreum native token is RTM. RTM is used to incentivize smart nodes on the network that validate a raw transaction. The layer is related to different kinds of services. Such services include instant messaging private send on the blockchain. The whitepaper also claims that these smart nodes are used to store and execute smart contracts with other functions on the network. Hence, the RTM token is a mineable cryptocurrency.

History of Raptoreum (RTM)

The development of Raptoreum began in November 2018. The platform was released in the first quarter of 2021. The paper claims that the Raptoreum project was forked out of Ravencoin in August 2020. Ravencoin is another type of cryptocurrency. The whitepaper claims that Raptoreum is derived from the Victorian term for a bird of prey. The name depicts the team’s extensive experience in security. Along with that, it also explains the team’s top skills, covering all other aspects of it. The RTM token is also available for trading at different crypto exchanges.

The maximum total supply of RTM tokens is 21 billion.

How Are New Raptoreums (RTM) Created?

As explained above, the platform has introduced a new algorithm for the mining process with the code name GhostRider. This algorithm is designed to keep ASICs away from the network to make it more decentralized. GhostRider combines both mining technologies and methodologies taken from other different algorithms.

This integration helps any person mine RTM tokens with the help of their CPU and GPU. The hardware needed to mine RTM coins must be a machine having an eight-core CPU, 16 gigabytes of RAM, and a minimum of 512 gigabytes of solid-state drive (SSD). Thus, anyone can mine the native token by becoming a supernode in the network with the help of a proof-of-work consensus mechanism and required hardware configurations.

Nodes get 15% of the block rewards for providing security to the contact layer. Additional nodes get 5% block rewards for securing the network.