Privacy and security are one of the key features cherished by most cryptocurrency investors. When Bitcoin was first launched as a breakthrough of blockchain industry ten years ago, its strength lay within these key attributes. To date, these features have been the sole reason for its growth and widespread appeal.
As Bitcoin Rhodium surfaced in 2017, various misconceptions have been created regarding its origin and purpose. Many believed its origin was a fork from Bitcoin core in order to create another divergent from the Bitcoin core blockchain. But as we take a much more in-depth look into Bitcoin Rhodium benefits we will learn about why it’s worth being invested in. We are going to briefly look at the idea that shot this cryptocurrency into existence.
What is Bitcoin Rhodium Cryptocurrency?
Bitcoin Rhodium can be traced back to 2017. The whole idea was to create a cryptocurrency coin that can be supported by major exchanges and have a long term use case in value – not as a hard fork of Bitcoin. It was built as a stand-alone coin with its origins and features modified from the flaws of Bitcoin and Litecoin.
Bitcoin Rhodium is a cryptocurrency asset that is built on blockchain technology.
The launching of Bitcoin Rhodium was geared towards being used for long term cryptocurrency investment. Its primary mission is to make it, “a community-based crypto commodity that is rare, limited, and a resistant crypto asset to store value for the future.”
Benefits of Rhodium Cryptocurrency
1. A long term cryptocurrency investment
The fact that cryptocurrency is mostly used for trading across different exchanges shows an indication that it is being appreciated in the market. The market as we all know within the last five years has placed cryptocurrency as one of the fastest growing industries in market capital. This has proven beyond all reasonable doubt that there is still great potential for its long term investment.
Rhodium cryptocurrency has taken a lead advantage to capitalize on using its coin as a long term cryptocurrency investment for investors in the market environment. By investing in Bitcoin Rhodium, you can use it as a store-of-value for long-term investment in cryptocurrency securities. Ever since the occurrence of Bitcoin Rhodium in the market, it has been used as a store-of-value and has been able to surpass many altcoins that share the same similarities with Bitcoin. This has made Bitcoin Rhodium unique, transparent and highly valuable in the coin market.
2. A better way to earn extra XRC via its Strong Hands programme
The growth of any cryptocurrency is dependent upon its incentives, rewards and its transaction fees. Bitcoin Rhodium’s Strong Hands programme is an innovative programme which is used to reward proactive holders. This programme runs in the cycle in which every three months Bitcoin Rhodium holders can earn an extra 8036 XRC during the cycle period.
To be eligible for this reward cycle programme, all investors need to have a funded account in their wallet system in order to be automatically included in the reward programme. During the first 3 months of the reward programme, all coin holders will be able to avoid any negative movement from their account (this includes withdrawals or deposition of funds from their wallet) in order to earn some extra XRC.
The Strong Hands programme is designed to span through the entire eight years in which the first cycle was launched in 1st January 2019 to end 4th April 2019. By the completion of this Strong Hands programme, investors will be able to participate in 32 Strong Hands programme within the eight years duration in order to receive their 8036 XRC at each cycle.
3. The ability to mine its coin for a long period of time
The launching of Bitcoin Rhodium as a mainnet has given miners every reason to smile because of its ability to mine its coin for a long term period. Currently, half of its 2.1 million (1.08 million) of the total circulation of its coin has been set aside for mining within the next 100 years. Miners who intend sharing in the reward of getting more XRC can participate in their mining pools with their Pool’s Hash Rates and Network’s Hash Rate.
4. An existing place to trade your Bitcoin Rhodium
Apart from earning some rewards from Bitcoin Rhodium’s Strong Hands programme, trading your Bitcoin Rhodium coin on cryptocurrency exchange platforms can help you secure more value for your Bitcoin Rhodium. As a means to create a flexible way to trade Bitcoin Rhodium, three known exchange platforms are recognized for trading Bitcoin Rhodium. These include Bisq Network, TradeSatoshi, and P2PB2B.
These exchange platforms are used to trade between cryptocurrency and fiat currency. Specifically, these trading platforms give current trading rates between XRC/ BTC, and it is very flexible to trade other national currencies and fiat currencies.
5. A safe place to store your Bitcoin Rhodium for all investors
Security is one of Bitcoin Rhodium priorities in order to prevent loss of its coins. Its Electrum-BTR wallet system is used in the storing of its coin. Its wallet supports a wide range of Desktop operating systems like Linux, Mac, Windows and is also available in the form of paper wallet. When using the Electrum-BTR wallet, your unique private keys are not stored in the server because of the likelihood of being hacked but verified using Simplified Payment Verification.
6. A decentralized P2P market between crypto and traditional market
Decentralized peer to peer transaction is Satoshi’s model used in the creation of the blockchain industry. This model is geared towards making transactions between peer to peer safe and secure without the use of third parties. This transaction exists between crypto to crypto and fiat currency in everyday buying and selling.
In order to create an avenue where investors can trade their Bitcoin Rhodium and promote its acceptability for different trade, the brains behind Bitcoin Rhodium looks forward to building an application that can support its peer to peer transaction system. This is within cryptocurrency and other traditional markets. This system will bridge the gap between the cryptocurrency market and traditional market and also facilitate its exchange within different cryptocurrency exchange platforms.
