Riecoin is a decentralized and open source peer to peer digital currency, released in 2014. It is a fork of Bitcoin, also Proof of Work (PoW) based, and proposes similar features. However, its PoW is better, and this is what distiguishes Riecoin from similar currencies.
In short, computers supporting the Bitcoin network to make it secure by validating transactions are called miners, and must constantly solve a problem defined by the Bitcoin’s PoW type. This is a heavy task, consuming a lot of energy. In the Bitcoin and most PoW altcoins cases, the problem is to find an hash that meets an arbitrary criteria. To solve this problem, miners are continuously generating random hashes until they find one meeting the criteria.
Riecoin miners are not looking for useless hashes, but prime constellations. These prime numbers are of interest to mathematicians and the scientific community, so Riecoin not only provides a secure payment network, but also valuable research data by making clever use of the computing power that is otherwise wasted. Additionally, work on its software may eventually lead to theoretical discoveries as developers and mathematicians improve it, for example by finding new algorithms for the miner.
Mining is done using a CPU, so everyone can join and mine to support the network and earn coins in return without having to purchase expensive specialized hardware, which is arguably what Bitcoin itself should have been.
The name “Riecoin” pays homage to Bernhard Riemann, whose work generated new ways of studying the distribution of prime numbers and is referenced in the math of Riecoin.
See also this Riecoin presentation video made by Bill Sotnikow (original upload on Vimeo).
Team, community, contact
Riecoin is maintained by members of its community, and there is little sense to talk about a team as we don’t have paid developers or a concrete organization. However, Pttn is a reference person to contact in case you want to get involved with Riecoin. He his the current Riecoin developer, contributing to the miner and the wallet, and the Riecoin.dev webmaster.
Riecoin was founded by gatra. He moved on and now works for another project, thus is no longer an active Riecoin member.
If you need to contact us via email, you can use this address: info at Riecoin dot dev.
For questions, please make sure that they are not already answered in the website. Don’t send emails for technical support either. Follow-up emails will be treated as spam, if we don’t reply to a proposal within 48 h (also check your spam folder), then we are not interested.
Note that we are all volunteers that contribute to Riecoin in our free time, and might not be consistently active. That is why we are always looking for new developers! If you like the project and are able to contribute to the wallet, the miner, or any Riecoin related software (create a Android/thin wallet, Riecoin plugins, etc.), you are more than welcome! Reach us in the social networks, or make direct contributions in GitHub.
Other notable (but no longer active) contributors include clo1 (did the 0.10.2 to 0.16.3 upgrade), cryptapus (wallet contributor, created some Riecoin related software, though they are no longer maintained). Michael Bell and dga were notable miner contributors but are no longer active as well.