How does Rill's concentration decay mechanism work?

Rill uses fixed-point sigmoid curves to calculate decay rates for balances exceeding specific thresholds. The decayed value is then redirected to the mining pool, serving as supplemental block rewards for miners.

What are Rill's key technical features?

Rill features integer-only consensus for determinism, `libp2p` for robust P2P networking, an HD Wallet with BIP-39 seed phrases, and a Bitcoin-style JSON-RPC interface, all built in Rust for performance and security.

What problem does Rill aim to solve?

Rill aims to address wealth concentration within cryptocurrency ecosystems. By implementing a mathematically governed decay mechanism, it encourages distribution and prevents long-term hoarding, fostering a more dynamic and equitable financial system.

Rill

Name: Rill
Author: rillcoin

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Implements a cryptocurrency with progressive concentration decay, where holdings above configurable thresholds gradually decay back into the mining pool.

Rill introduces a groundbreaking cryptocurrency designed to foster economic circulation through a unique progressive concentration decay mechanism. It employs a mathematically-governed system where large balances, exceeding configurable thresholds, gradually decay back into the mining pool, providing supplemental block rewards to miners. This approach encourages active participation and distribution of wealth, aiming to prevent indefinite accumulation and maintain a liquid, accessible cryptocurrency where incentives naturally favor circulation over concentration, all built with robust Rust engineering and comprehensive testing.

Key Features

01Concentration Decay: Balances above thresholds decay to the mining pool using fixed-point sigmoid curves

02libp2p Networking: Production-grade P2P with Gossipsub, Kademlia DHT, and mDNS discovery

03Integer-Only Consensus: All consensus math uses u64 fixed-point arithmetic for determinism

04HD Wallet: BIP-39 seed phrases, decay-aware coin selection, AES-256-GCM encrypted storage

050 GitHub stars

06JSON-RPC: Bitcoin-style RPC interface for node queries and transaction submission

Use Cases

01Running a local cryptocurrency testnet for development and experimentation

02Mining Rill cryptocurrency to secure the network and earn rewards

03Creating and managing cryptocurrency wallets for Rill assets