{"id":733,"date":"2022-03-05T13:52:02","date_gmt":"2022-03-05T13:52:02","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/bitcoin-rhodium-whitepaper\/"},"modified":"2022-03-05T13:52:02","modified_gmt":"2022-03-05T13:52:02","slug":"bitcoin-rhodium-whitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/bitcoin-rhodium-whitepaper\/","title":{"rendered":"Bitcoin Rhodium Whitepaper"},"content":{"rendered":"
\n

Introducing Bitcoin Rhodium<\/p>\n

A Unique Crypto commodity, For the Long-Term <\/em><\/p>\n

In late 2017, amidst a surge in altcoin issuance \u2013 particularly, Bitcoin hard forks \u2013 our Europe-based development team decided to try something different. For one, we viewed hard forks, for the most part, as Bitcoin clones that would be difficult to discern from the real thing. Second, after the first two, Bitcoin Cash and Bitcoin Gold, none had been supported by major exchanges or wallets \u2013 making them nearly impossible to acquire; let alone, safely. Lastly, in a world where hundreds of new altcoins were emerging, it was becoming clear that without a viable, long-term use-case \u2013 that could be convincingly communicated to investors \u2013 the odds of significant price appreciation were extremely low.<\/p>\n

First, we considered what other altcoins were doing \u2013 and then, what Bitcoin couldn\u2019t do, given its ability to subsume nearly all vital crypto asset functions. Which is when we came up with the idea of \u201cultra-Bitcoin scarcity\u201d; i.e., a coin with all of Bitcoin\u2019s best features, and a lifetime cap of just 2.1 million, or one-tenth of Bitcoin\u2019s; of which, roughly half would trade upon launch, with the other half to be mined by the public over the next 100 years. Additionally, we added a privacy feature, in our quest to create a crypto asset that would cater to large, long-term holders.<\/p>\n

Next, we determined that the best way to build community was to distribute our coin, Bitcoin Rhodium \u2013 named for the relatively unknown; and by far, scarcest Precious Metal \u2013 via an \u201cairdrop\u201d to existing Bitcoin holders. By airdrop, we mean that unlike hard forks, there is no requirement for a third party to split and\/or store the coin. Instead, proactive Bitcoin holders could claim BTR by \u201cregistering\u201d non-zero balance public Bitcoin addresses from online and offline wallets in which they held their own private keys \u2013 like online Electrums or offline Trezors and Ledgers. By \u201csigning\u201d the unique message supplied by Bitcoin Rhodium, one could prove Bitcoin ownership without giving out their private keys; thus, enabling the receipt of FREE Bitcoin Rhodium in the subsequent claiming process \u2013 in one\u2019s personal, online Bitcoin Rhodium wallet.<\/p>\n

Finally, we aimed to create a \u201ccommunity\u201d to foster long-term support, through the Discord chat room that we, the development team, actively monitor in a de facto \u201ccustomer service\u201d function \u2013 particularly during the airdrop process, which started in December, and will end March 31st. Through Discord, Twitter, and Reddit, we believe awareness of Bitcoin Rhodium\u2019s \u201cultra-Bitcoin scarcity\u201d use case has increased, to the point that we expect the launch, currently scheduled for late summer, to be met with significant investor enthusiasm. Ultimately, in the words of one of the project\u2019s most well-known public supporters, we hope Bitcoin Rhodium will be viewed as \u201cElite Bitcoin\u201d to be BRODL\u2019ed as passionately as Bitcoin is HODL\u2019ed.<\/p>\n

October 22, 2018 \u2013 Bitcoin Rhodium\u2019s development team announced that, after a year of exhaustive work, the Bitcoin Rhodium (BTR) MainNet was launched this weekend.<\/p>\n

Bitcoin Rhodium Whitepaper
<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Introducing Bitcoin Rhodium A Unique Crypto commodity, For the Long-Term In late 2017, amidst a surge in altcoin issuance \u2013 particularly, Bitcoin hard forks \u2013 our Europe-based development team decided to try something different. For one, we viewed hard forks, for the most part, as Bitcoin clones that would be difficult to discern from the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-733","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=733"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/733\/revisions"}],"predecessor-version":[{"id":734,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/733\/revisions\/734"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}