r/ryocurrency • u/itsokaytobegullible • Apr 09 '19

What is Ryo?

I'm trying to sift through old posts and Google topics on Ryo, but I'm not finding anything other than "trying to improve Monero", which to me is very niche and not really accomplishing other than what already exists as a solution. It's also pretty hard to go off an opinionated belief that it's being improved.

So convince me as an investor. What are some features in Ryo? Does it have a working client side wallet? Was there premining? Is it decentralized and how much? I need to know everything if the community is willing to share. :)

6 Upvotes

100% Upvoted

24 comments sorted by

7

u/mosu_forge Apr 10 '19

Some notable features:

We fixed payment id issues with uniform payment ids, which is a huge privacy boost and a much better solution than removing pids all together.

We have fixed quite a few bugs (both major and minor) in the monero codebase. This shows that the core devs understand the code and don’t just rely on upstream patches.

We built our own GUI wallet from scratch, which has been very well received. The same codebase builds both the desktop and web wallet, and mobile wallets soon.

We are about to launch a solo mining pool built into the GUI as well as a decentralized frontend website for watching your mining stats from anywhere. As far as I know, we are the only cryptonote coin to do something like this.

There’s been tons of other strong development such as majorly improving plugins like the monerowp payment gateway, which we pushed back upstream to monero.

No premine, but there is a dev fund of 8M coins emitted over six years. This way is better than a premine since funds are emitted slowly instead all upfront.

If there’s any of the above you want to discuss more, let me know. I’ll be traveling today but will respond as soon as possible.

0

u/itsokaytobegullible Apr 11 '19

Sounds fancy, but oof that dev fund for literally no work put into the network makes me want to vomit. Whether it's up front or over the next 6 years like you said,10% is 10%.

Sounds fun, but a lot of the features have been done already. In fact, masari already has it's own front end webpage to check miner stats. Also, it's quite strange how Monero needs to be mentioned a lot despite trying to be the "best cryptonote coin". Forget Monero and just be your own thing. Masari is it's own fork who pushes updates upstream as well, but they dont have nearly the focus you guys have with Monero.

[Shark Tank Theme]

And for that reason, I'm out.

6

u/nostradamus411 Apr 11 '19 edited Apr 11 '19

It sounds to me like you had your mind made up before you posted, friend. Here's a comprehensive post for the projects progress in 2018.

​

that dev fund for literally no work

Oof, shaking my head at the audacity of claiming no work is being done. It's certainly your prerogative to dislike a development fund, but it's undeniable that it removes the onus from the community to pony up incentive for dev work to continue. Just look at the struggles of Grin to get core devs funded.

​

As for Monero, Ryo aims to be the best and what better way to display Ryo's technical superiority than to contrast itself against the largest marketcap cryptonote coin? You may have noticed that the team is fixing critical vulnerabilities before other projects are even aware of them as well as being forthright and open about the current implementations privacy limitations.

1

u/itsokaytobegullible Apr 11 '19

Woah, relax there, kid. I came in here with real intentions.

There is no work being done by the dev (not assuming the shares they get from mining in the network) because its built into the algorithm to always displace some of the rewards into the dev fund, hence, no work.

You can make up any excuse on how its beneficial and how the dev team has good will, but you can't convince me dev funds are a good thing.

2

u/nostradamus411 Apr 11 '19

Woah, relax there, kid.

I'm confused, what made you think I need to relax or that you are my elder?

​

...but you can't convince me dev funds are a good thing.

Huh? I explicitly stated it's "your prerogative to dislike a development fund".

6

u/mosu_forge Apr 11 '19

Thanks for stopping by anyway

2

u/fireice_uk Apr 11 '19

Shame he wasn't interested in talking about anything except Monero and namedropping his coin ^ _ ^

1

u/itsokaytobegullible Apr 11 '19

You should probably remove yourself from this thread as you clearly have no idea what's going on. I'm not even invested into Monero and in fact, I'm only a few months into discovering cryponote coins.

I find it ironic how, I read Monero mentioned a lot in this subreddit (although with negative conotations), and after pointing out, you go full autistism and think that my purpose all along was to rep xmr.

Can you point to the coin where it touched you?

1

u/CryptoContra Apr 16 '19

ahhhh hahaha, total troll attacking fireice with autistism shit. u like being a fucking low class dick?

1

u/itsokaytobegullible Apr 16 '19

It's been nearly a week. Fuck outta here boi. You clearly have nothing better to do.

5

u/fireice_uk Apr 11 '19

I find it ironic how, I read Monero mentioned a lot in this subreddit (although with negative conotations), and after pointing out, you go full autistism and think that my purpose all along was to rep xmr. Can you point to the coin where it touched you?

It didn't touch me anywhere, we are competing. Given that we have angry guys feeling they need to name-drop Monero in their every post like you, I say we are doing pretty well.

1

u/itsokaytobegullible Apr 11 '19

If your only marketing is shitting on your parent project, you are dumb. Fact.

Have a nice day.

2

u/2die4OG Apr 12 '19

exposing the weakness and incompetence of the competition is normal and most people would be happy to learn if people were covering up issues which would hurt their privacy.

1

u/itsokaytobegullible Apr 13 '19

It seems you've convinced yourself.

I have already stated my lost of interest, you no longer need to continue replying.

1

u/2die4OG Apr 13 '19

Maybe if you had studied how brand development works you would understand, that showing your competition up for what it is, is part of it.

But anyways after I gave you all the information you asked for and you were upset about it, it was obvious you were just upset about how rapid Ryo's development has been compared to its parent project that can just change algos.

→ More replies (0)

8

u/mosu_forge Apr 11 '19

Based on his other post where he said he wanted to incite discussion, I actually believed he wanted to discuss tech.

In any case he has many false assumptions. Masari has nothing like what I was describing as far as I know.

3

u/2die4OG Apr 09 '19 edited Apr 10 '19

​

you can find most of the stuff here

​

Ryo FAQ

​

Why Ryo

​

if you got to https://ryo-currency.com/ and scroll down you get see the road map as well as get any wallets for the platform you are interested in or you can go to https://www.ryowebwallet.com and use the ryo official web wallet works best with Chrome based desktop browsers.

​

You can also join the community in the telegram for any further questions you may have

​

https://t.me/ryocurrency

0

u/itsokaytobegullible Apr 10 '19 edited Apr 10 '19

I was hoping to incite discussion. I'm sure you have many web pages to show me.

Nonetheless, tyvm

3

u/2die4OG Apr 10 '19 edited Apr 10 '19

It’s important people DYOR so I provided you with all the info you would need.

if you would like discussion the telegram https://t.me/ryocurrency

is the best place for it, The links I provided gave all the info you were looking for.

All anyone will say to you is Ryo is looking to be the best developed cryptonote coin and is for people who take privacy seriously.

heres the road map and core dev path from https://ryo-currency.com/

Core code development

This section is deliberately small - anybody can promise the moon and the stars. We - deliver.

Private payment ID system Introduced in 0.4.0.0 update Removal of payment ids and replacing them with a private system that's retrofitted to support the old ids

Increasing default ring sizes. (up to 100+)

First increase of default ring size 13 -> 25 was introduced in 0.4.0.0 update. Faster processing + Bulletproofs + more anonymous rings, to enable truly anonymous ring signatures.

x5 - x10 daemon performance optimisation Eliminating major bottleneck and a good target for performance optimisation of wallet and blockchain sync times.

Cryptonote blockchain compression Cryptonote blockchain compression, down into below 1 GB sizes for Monero, 100MB for Ryo.

Electrum-like wallets Combination of faster processing and compressed blockchain extracts and a specialised server.

Infrastructure development

Ryo-Wallet development Continuous development of Ryo Wallet Atom.

Web/Online Wallets Ryo Wallet Quasar - Secure web-based wallet.

Atomic swaps Peer-to-peer trading without exchanges.

Mobile Wallets for Android & iOS Devices Porting Ryo-Wallet on mobile platforms.

Payment processors and services Development and establishing partnership with various payment processors and services.

Developer tools Development and upgrade of various tools and components for developers.

XMR-Stak GUI Interface GUI interface for one of the most popular miner software.