This is the official announcement thread of Ritocoin!

Our latest discussions regarding masternodes:

"If you are already familiar with our website, discord or whitepaper, you are probably aware that masternodes had been proposed as a feature of the network from the beginning. This opened the door to ongoing discussions in the Ritocoin community regarding

● A masternode’s true purpose

● What benefit they provide to the project

● How the benefit is realized

● The collateral

This discussion, governed entirely by stakeholders across the extended network yielded a defining moment for our vision of flexibility. We have not yet found the potential utility of masternodes, however, the conversation has not reached an extent to where we could abandon the idea. To quote one of our developers during this discussion on our Discord":

“Just want to give a reminder here that even though masternodes are on the roadmap, it is not set in stone. This coin belongs to the community and we will do what we as a community want to do. If we conclude that we want to take this coin a different direction than masternodes, then that is what we’ll do.”

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The Ritocoin asset layer went live at block 50,000. Once activated, this feature gives anyone with at least 500 RITO the ability to issue a unique token to the Ritocoin blockchain.

Use cases for assets are limitless. With mobile wallets supporting assets in the future, coupled with the eventual activation of the token-holder messaging feature, new horizons for development are ready to be explored.

With the powers of decentralization and an open distributed ledger, a fair distribution of resources, and the trustless, transparent nature of Ritocoin, assets could manifest new ways of benefiting from cryptographic technologies such as cryptocurrencies and tokenized assets.

Here is a short, and far-from-exhaustive list of ideas where assets could be seen in the future.

· Commodities

· Property

· Sport cards

· Games

· Fiat

· Agriculture

· Audit

· Software

· Energy

· STO

· Contracts

Read more in the following article: https://medium.com/@ritocoincommunity/ritocoin-covers-your-assets-c972ad32c63a