It’s been nearly two years since Bitcoin Rhodium, the first altcoin principally distributed via BTC airdrop, commenced operations - and as of October 20th, the one-year anniversary of its MainNet launch.
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It is truly amazing what has since been accomplished – particularly as the MainNet launch coincided with the beginning of a vicious crypto bear market…that had just a brief respite in the Spring, before a second bear market (featuring falling altcoin dominance) commenced.
Despite these severe headwinds, a strong, secure, network with consistent hash rate has developed; as well as continually growing, and diverse, investor and miner communities. Seven exchanges now list XRC; five wallets (including Trezor and Magnum) store it; CMC now lists and ranks it; and three successful Strong Hands payouts have been made - with a fourth, with double rewards, coming at year-end.
Moreover, privacy features were decided upon, and the Free Market One decentralized trading platform (to trade XRC, BTC, LTC, and physical Precious Metals) was further developed - with both anticipated to be launched in 2020.
One year into MainNet, 53,000 blocks have been mined, so we’re more than a quarter of the way to the first halving in mid- to late 2022 - when the block reward halves from 2.5 XRC to an extremely scant 1.25. By then, I expect the Strong Hands program will be winding down; XRC a well-known, established coin; and the crypto market ubiquitous, with Bitcoin many multiples higher than today. Thus, the only question remaining is – what will Bitcoin Rhodium’s ratio to Bitcoin be?
I guess we’ll have to wait and see, but I couldn’t be more bullish. Congrats to the anonymous Bitcoin Rhodium devs for achieving everything they intended, and then some – and to the entire XRC community for helping build something special, and continuing to spread the word.
Bitcoin Rhodium currently trades on HitBTC, Changelly, p2pb2b.io, WhiteBit, Trade Satoshi, Fat BTC, Sistemkoin and Bisq. If you have questions about anything XRC-related, including OTC trading, please email me at [email protected], or DM/PM me on Twitter or Discord.