Overview of Blockchain Technology
Blockchain technology has revolutionized the world of finance, offering decentralized and transparent solutions. At Rupaya, we believe in the potential of blockchain to empower financial freedom globally.
Evolution of Rupaya's Blockchain
Rupaya's blockchain technology has undergone significant evolution since its inception in 2014. We started with a scrypt PoW blockchain, inspired by Litecoin, to introduce cryptocurrencies to South Asia. However, we encountered challenges with scalability and security.To address these issues, we made a strategic shift to a POS blockchain based on Blackcoin. This transition allowed us to improve network security and transaction processing. Our quest for advanced features led us to utilize the PIVX codebase, making notable progress during the 2018 bull run.As the crypto landscape evolved, we moved to the TomoChain-based Ethereum chain. This migration allowed us to leverage the benefits of Ethereum's robust ecosystem and utilize masternodes for enhanced network governance.
Advantages of Masternodes
Masternodes play a crucial role in ensuring the stability and security of our blockchain. They enable faster and more efficient transaction validation, making our network more scalable and reliable. Masternodes also actively participate in network governance, allowing token holders to have a say in decision-making processes.
At Rupaya, security is a top priority. We have implemented robust security measures to safeguard our users and transactions. Our team continuously monitors the network to identify and mitigate potential threats, ensuring a safe environment for users to transact and engage with our project.
Scalability and Transaction Speed
Scalability and transaction speed are essential aspects of any successful blockchain. Our current technology is designed to handle a growing number of users and transactions efficiently. With the support of masternodes, our blockchain can process transactions at high speeds, making it suitable for a global audience.
Future Technological Upgrades
As we strive to provide the best experience for our users, we are committed to continuous technological improvements. Our roadmap includes launching a new, optimized blockchain, which will replace the current ERC20 token contract on Binance Chain. This upgrade will unlock new possibilities and propel our mission to empower financial freedom worldwide.