In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block.
Block Explorer is an online block chain browser which displays the contents of individual blocks and transactions and the transaction histories and balances of addresses. Each object is displayed in human-readable form, as a web page, and is given a URL. By using hyperlinks, it allows users to switch from seeing one piece of data […]
Imagine that you need to make a planned publication of important information to the public e.g. a partnership agreement for your company, but you don’t know yet when you want to publish this. You need a way that guarantees the safety of the information but the inability to modify your original record, whilst keeping a […]
Crypto Messenger with is a multifunctional decentralized messenger including the features of a classic messenger and multi-currency crypto-wallet. This is what we going to develope and integrate with RNG Coin blockchain. Features: Possibility of anonymous communication Encrypted calls Encrypted voice messages Individual and group text chats Cryptocurrency wallet Micropayments Paid channels Decentralized exchange access Integrated […]
Decentralized Exchanges — also known as DEX’s are a new technology that facilitate cryptocurrency trading on a distributed ledger. We going to develope our own open source engine of decentralized exchange based on RNG Coin blockchain, smart contracts and side chains concept. Features of decentralized exchange: Instantly accessible Decentralized Safe Private Secure The benefits: Trade without limits On […]
A secure and reliable online wallet for RNG Coin. By registration in the online wallet, the user gains access to all our services, including Shared Secret, Planned Note Decryption, RNG Service, and the exchange. The RNG web wallet is safe and secured with numerous existing services, to make its use easy and convenient. We planning […]
A modified classic block explorer, designed as a gaming block explorer. Additional functions allow viewing of gaming history, storing of encrypted pre-generated random numbers before the game starts. After the game is completed, the block explorer auto decrypts and publishes these pre-generated random numbers.
This gives users the ability to verify pre-generated random numbers with the numbers used during the gaming session – thus turning a classic blockexplorer into a new type of blockchain gaming platform.
Shamir’s Secret Sharing is an algorithm in cryptography created by Adi Shamir. It is a form of secret sharing, where a secret is divided into parts, giving each participant its own unique part, where some of the parts or all of them are needed in order to reconstruct the secret.
More formally, in a secret sharing scheme there is one dealer and n players. The dealer gives a secret to the players, but only when specific conditions are fulfilled. The dealer accomplishes this by giving each player a share in such a way that any group of t (for threshold) or more players can together reconstruct the secret but no group of less than t players can. Such a system is called a (t,n)-threshold scheme.
RNGcoin provides functionality to attach comments of up to 528 characters to every transaction and store it permanently on the RNG network. This opens the possibility of developing blockchain Dapps.
One of those functions is Shared Secret. Using our modified blockexplorer users can share automatically encrypted messages into the RNG blockexplorer without any additional software.
To prevent a problem of scalability, RNGcoin uses a compression of blockchain db (Berkley database) to prevent future problems with blockchain size.
Based on the Block Hashing Algorithm, RNGcoin’s random numbers generation is secured and covered by RNGs decentralized network and Satoshi’s encryption algorithms. Using the ‘scrypt’ encryption algorithm as a base, weOve introduced our own cryptoalgorithms to make RNGcoin the most secured and unpredictable random numbers generation possible developed by open source technology.
Along with shared secret technology, RNGcoin therefore provides the most transparent and fair random numbers generation system of all time.