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What is rucoin?

Rucoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Rucoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Rucoin is also the name of the open source software which enables the use of this currency.

Unlike most currencies, rucoin does not rely on trusting any central issuer or central bank. Rucoin uses a distributed database spread across nodes of a peer-to-peer network to journal transactions, and uses cryptography to provide advanced security functions, such as ensuring that Rucoins can only be spent by the person who owns them, and never more than once.

Rucoin allows anonymous ownership and transfers. Rucoins can be saved on a personal computer in the form of a wallet file or kept with a third party wallet service, and in either case rucoins can be sent over the internet to anyone with a rucoin address.

Rucoin's peer-to-peer topology and lack of central administration make it infeasible for any authority, governmental or otherwise, to manipulate the value of rucoins or induce inflation by producing more of them. It also makes it near-impossible trace to you as a person.

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