The Cryptocurrency for Payments
Rosecoin is an open source, global payment network that is fully decentralized without any central authorities. It is a рееr-tо-рееr сrурtосurrеnсу аnd open ѕоurсе software project released under MIT lісеnѕеѕ. Crеаtіоn аnd transfer оf соіnѕ іѕ bаѕеd on an ореn source сrурtоgrарhіс рrоtосоl and іѕ nоt mаnаgеd bу аnу сеntrаl authority. Whіlе inspired bу, and in mоѕt regards technically almost іdеntісаl tо Bіtсоіn (BTC), Rosecoin іѕ far quісkеr аnd cheaper.
The Rosecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes. This allows Rosecoin to confirm transactions much faster than Bitcoin.
Rosecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.
Number of Coins
One of the reasons some cryptocurrencies hold intrinsic value is because of their limited supplies. Rosecoin has a limit of 21 million coins.
Another significant difference between Bitcoin and Rosecoin is the hashing algorithm each uses to solve a block, as well as how many coins are distributed each time a solution is found. When a transaction is made, it is then grouped with others that have been recently submitted within a cryptographically protected block. Rosecoin and Bitcoin use contrasting algorithms when hashing. Bitcoin employs SHA-256 (Secure Hash Algorithm 2), which is considered relatively more complex; Rosecoin uses a memory-intensive algorithm referred to as scrypt.
You can mine Rosecoins using Rocheston Rosé OS.
Rosecoin Blockchain Explorers
All Rosecoin transactions within its blockchain are public and searchable. The easiest way to peruse these records or search for an individual block, transaction, or even address balance is through a Rosecoin block explorer.
How to buy Rosecoins?
Simple. You can mine Rosecoins from your PC. You don't need mining forms. Currently, a new block generates 50 coins. If you'd like to own some Rosecoin but aren't interested in mining it, purchase cryptocurrency with another cryptocurrency on a blockchain cryptocurrencyexchange site.
Like bitcoins and many other cryptocurrencies, Rosecoin typically are stored in a digital wallet. Each wallet has private keys that are required to receive and send coins to and from your Rosecoin address. Wallets are available for Windows, macOS, Android and Linux platforms.