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Rubycoin is a cryptocurrency that was launched in February 2014. It is a fork of the Litecoin blockchain and uses a proof-of-work consensus algorithm. The distinctive feature of Rubycoin is its focus on providing a fast and secure transaction process. It achieves this by using a unique encryption algorithm called Ruby Encryption Standard (RES). Another key feature of Rubycoin is its low fees for transactions. This makes it attractive for micropayments and other small transactions, particularly in the context of online commerce. Rubycoin also stands out for its community-driven development approach. The project is maintained and developed by a team of dedicated developers and volunteers, who are committed to ensuring that the currency remains stable and secure. One of the benefits of Rubycoin is that it can be stored in any wallet that supports Litecoin, as it is a fork of the Litecoin blockchain. This means that it can be easily traded on numerous exchanges and used as a medium of exchange for online purchases. In addition to its focus on fast and secure transactions, Rubycoin has a strong emphasis on privacy. It offers users the ability to send and receive anonymous transactions using a feature called Darksend. Overall, Rubycoin is a cryptocurrency that offers fast, secure, low-cost, and private transactions, making it an attractive option for those looking to transact online.