CHARACTERISTICS OF GOOD CURRENCY
1. EASILY ADOPTED ?
An individual accepts some part of money or any currency in return of some goods or materials, must be satisfied with the form of money he/she is getting. One should accept it comfortably as payment.
2. PERSISTENT The currency should be persistent and its value s h o u l d n ’t d i m i n i s h w i t h time.
3. DIVISIBLE The currency should be partible. It means if you make parts of money or divide it, then each divided part should hold a particular value accordingly
4. INVARIABLE Its value should remain stable i.e. should not change with time. Here the changes that we are talking about are related to its value only.
5. CONVEYABLE It should be portable. It means that It must hold capability to be moved from one place to another.
6. SCARCE
 A good and valuable currency is something which cannot be possessed easily. It should be hard to achieve it.
7. SAFE & ALMOST IMPOSSIBLE TO COUNTERFEIT
While a currency is being transacted or acquired, it should be fully protected and difficult to interrupt in between. For this feature to be turned into real, transactions followed by peerto-peer technology is must. Via this, utmost security can be attained. We are not discussing about safes and locks here because while talking about it globally, it should be protected on internet.
8. FLEXIBLE
Currency should contain elastic characteristics. It should be capable of performing certain alterations as per e c o n o m y ’s n e e d .
9. ECONOMIC
The cost to create or generate currency must be lower than its value.
10. POSITIVE PAST RECORDS
A major requirement for a currency to be accepted is that it should hold enough positive past records i.e. a considerable history of acceptance.
11. DECENTRALIZED
The currency should be decentralized i.e. without any involvement of central authorities.
"RilCoin is being launched to fulfill all the above characteristics. Now the fact that how come RilCoin facilitates everything that is needed in an ideal currency, is being explained in further points."
RILCOIN
Rilcoin.io
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