Rimbit (RBT)

Rimbit (RBT) is a digital currency created by a Canadian software developer, Paul Busch. Initially released in April 2014, it was the first currency to use a unique blockchain design. The team behind Rimbit aims to make it an alternative to Bitcoin and other digital currencies by offering faster transaction speeds, lower fees, and a secure storage option. So, what makes Rimbit different from other digital currencies? It is the only digital currency that utilizes a nested blockchain design. This design means that the blockchain is made up of many smaller blocks. This allows for faster transaction speeds and lower fees, as each block of the blockchain is processed separately. In addition, Rimbit also uses PoS (Proof of Stake) to secure its transactions, making it very secure. This is done by having participants in the network stake their own coins in a process called “staking”. A staking transaction will require a stake of coins from the user, which provides an incentive for the network to process the transaction. Rimbit is a digital currency that has been accepted by merchants and companies around the world. It has been used to purchase goods, services, and other digital currencies. Although it is not yet widely accepted, its appeal lies in its low fees and quick transaction speeds. Rimbit can be purchased and sold on various exchanges, including Bittrex and Cryptopia. The currency can also be traded on an individual's local currency exchange. One can also earn Rimbit by participating in the community forums, doing market research, or setting up masternodes. In short, Rimbit is a unique digital currency that offers some of the strongest security and fastest transaction speeds in the industry. It has already been accepted by a few merchants and companies, and its appeal lies in its low fees and quick transaction speed. It is thus an excellent alternative to Bitcoin and other digital currencies. Comments: 1. Rimbit is a great alternative to traditional digital currencies, offering faster transaction speeds and lower fees. 2. The unique nested blockchain design of Rimbit ensures transactions are both secure and fast. 3. Rimbit can be bought and sold on various exchanges and traded for local currency on individual exchanges. 4. Rimbit can also be earned by participating in the community forums, doing market research, or setting up masternodes.