The current price of Rupee (RUP) is $ 0.00012832. In the last 24 hours, its price has increased by +0.00%.
Rupee (RUP) is a cryptocurrency, the namesake of several traditional currencies across the Indian subcontinent and Southeast Asia. Unlike those traditional currencies, Rupee operates on a decentralized platform known as the blockchain. Using sophisticated cryptography, every transaction made with Rupee is verified, secured, and stored on a global network of computers.
While detailed information about the creators of Rupee is not readily available, like many cryptocurrency projects, it is safe to assume that it was developed by a team of experts in blockchain technology, digital cryptography, and network security. The team is presumably dedicated to maintaining and enhancing the Rupee blockchain network's integrity and functionality.
Rupee works similarly to other cryptocurrencies, it operates on a technology known as blockchain. A blockchain is a series of data blocks linked in a chain. Each block contains transaction data and is linked to the previous block via cryptographic hashed. Whenever a transaction takes place with Rupee (RUP), it gets recorded to a block along with several other transactions.
Rupee's uniqueness is primarily derived from its choice of name-sharing with common traditional currencies in Southeast Asia, providing an element of recognition and familiarity. However, keep in mind that there is no official connection between Rupee (RUP) cryptocurrency and the traditional currencies of these regions. Rupee operates entirely as a digital asset on its independent blockchain.
The Rupee network, as with many other blockchain networks, is secured through the process of cryptographic hashing. This makes it extremely difficult to alter any transaction data once it has been recorded on the blockchain. The decentralization of the network - that is, its storage across multiple computers around the world - also adds to the robustness of its security.
The current circulating supply of Rupee (RUP) is . The total supply is set at 84.0M.
Rupee’s technology, like many other cryptocurrencies, is upgraded through improvements made by the community of blockchain developers who maintain the project. These upgrades usually focus on enhancing the security, efficiency, or functionality of the network.
Rupee (RUP) can be purchased on the following cryptocurrencies exchanges: YoBit, Graviex. It should be noted that as with any investment, purchasing cryptocurrencies carries risk and should only be done with care and due diligence.
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