Rhenium is the newly launched blockchain solution in the market, which is an open source, proof-of-stake (POS) cryptocurrency with a focus on decentralization, privacy, speed, sustainability and the community. It is created with an aim to get in the league of topmost cryptocurrencies in the market by becoming a well-established and trusted mode of transactions/payments worldwide. Rhenium is backed by some of the expert individuals with vast experience in branding, development, marketing and crypto world in general.
Being based on the blockchain technology, Rhenium is 100% decentralized and maintained. It focuses on building a community-driven network where the individuals will have the right to give their opinion through voting governance and more. The use of POS protocol helps in reducing the burden on the world resources since there is no need for miners or huge electricity consumption. Proof of the stake is an energy efficient, scalable, and intuitive consensus mechanism that uses economic incentives to secure a blockchain network. In this system, the mining rewards are proportional to the number of coins held by the user in the network.
Rhenium implements the Zerocoin Protocol which takes care of the privacy of the users. Zerocoin is a cryptographic privacy protocol originally designed for bitcoin however it has since been adopted by several cryptocurrencies. Once implemented, it will enable complete anonymity of the users on the blockchain. Rhenium will add Zerocoin feature in Q4 2018 and until then, it will use the Private Send wallet feature to ensure the privacy of the users.
The Rhenium wallet will come with a built-in RhenFAST feature that allows the users to send almost instant transactions that are broadcasted immediately. This is made possible with the use of Rhenium’s master node network, that allows the users to make instant transactions, sending or receiving money with multiple confirmations under a second.
Master nodes also help Rhenium in securing the network. It will also allow the users to generate passive income, for which they can hold 10,000 coins. The Early holders will benefit with increased block rewards and higher ROI while those who don’t hold 10,000 coins can stake their coins and receive rewards as stated in the rewards table section.
The vision of Rhenium is to become a well-established and trusted cryptocurrency to be used worldwide. In 2018, it plans to get listed on small exchanges like a crypto bridge before moving on to larger exchange listings, build their web wallet and merchandise store as well as work towards Zerocoin implementation and community governance.
More information about the Rhenium network can be found rhenium.org.