Ryo CurrencyPrice

(RYO)

Ryo Currency (ryo-currency.com) is a 2018 fork of Monero focused on extreme privacy and GPU mining. In contrast, the RYO Project (ryocoin.com) is a 2024 Japanese Web3 ecosystem designed for payments, ATMs, and a 'Global Mall.' While both names are inspired by historic Japanese gold coins, Ryo Currency functions as an anonymous digital cash system, whereas the RYO Project is built as a broader retail payment ecosystem.

Ryo Currency implements a Ring Size of 25, which is significantly higher than the default used by many other privacy coins, thereby increasing the anonymity of transactions. It also features 'Ghost Addresses,' which allow users to generate unique, one-time addresses for every transaction to prevent linkability on the blockchain. Combined with Ring Confidential Transactions (RingCT), these technologies ensure that the sender, receiver, and transaction amounts remain hidden and untraceable.

Ryo Currency utilizes the Cryptonight-GPU algorithm, specifically designed to be efficient only on consumer-grade graphics cards (GPUs). This prevents industrial ASIC miners from dominating the network's hash rate. By maintaining ASIC resistance, the project ensures that mining remains decentralized and accessible to individual users with standard hardware, preventing the centralization of network security that often occurs when specialized mining rigs are introduced.

There has been historical debate regarding the project's code status. While the core codebase is accessible, the lead developers previously opted for a 'source-available' approach for certain advanced features. This was a strategic decision to protect the project's unique technological innovations from low-effort forks and clones. This ensures that the technical advancements developed by the team provide direct value to the Ryo Currency community rather than being immediately copied by other projects.

RYO tokens can be traded on various digital asset platforms. For a reliable trading experience, LBank offers access to a wide range of tokens within the crypto ecosystem. It is essential for researchers to distinguish between the privacy-centric Ryo Currency and the newer RYO Project ecosystem before trading. Users should consult the official websites of each project to find the specific platforms where their preferred version of the RYO token is currently listed.

The technical development of Ryo Currency is led by fireice_uk and psychocrypt, who are widely recognized in the crypto community as the creators of the xmr-stak mining software. They are considered the technical backbone of the privacy coin version of the project. Their expertise in the Cryptonote protocol and privacy technology has been instrumental in implementing the project's unique security features, such as the high ring size and custom GPU-friendly mining algorithm.