What is Reddcoin?
Reddcoin is the social currency that enriches people’s social lives and makes digital currency easy for the general public. Reddcoin achieves this by integrating a digital currency platform seamlessly with all major social networks to make the process of sending and receiving money fun and rewarding for everyone.
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Features
PoSV
Redddcoin Proof of Stake Velocity is an innovative algorithm that encourages both ownership (Stake) and activity (Velocity). PoSV solves issues in traditional PoW & PoS algorithms and eliminate wasteful consumption of electricity for mining.
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Tip Platform
Reddcoin decentralized Tip Platform allows people to seamlessly send & receive digital currency on Social Networks to anyone in the world & to support content creators through micro-donations.
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Redd-ID
Reddcoin Redd-ID is a unique service provided at the blockchain level which allows a user to associate a username with rich information including public keys and social network identities.
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ReddWallet
Reddcoin ReddWallet is a State-of-the-art wallet that provides various social features to increase engagement among users which improves security of the decentralized network.
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Reddcoin in the Press
By focusing on being a currency for social networking, Reddcoin will, most likely, become the currency for these systems, and thus the currency for the microtransactions they power.
— Dustin O’Bryant, CoinBrief.netReddcoin has made a revolutionary move and has created a concept that may be key to their survival against Asic mining hardware, as well as providing its investors an incentive of 5% interest.
— Jason De Costa, The Cryptocoin ChronicleReddcoin as a cryptocurrency allows an easy and reliable way to send money between friends and followers alike.
— Juergen Hoebarth, Yahoo NewsReddcoin is a very ambitious coin, and is certainly a coin to watch in the future, as it is growing quickly and has an active community.
— Drew Cordell, Cryptocoins NewsThe idea on which Reddcoin is based, alone can garner innumerable followers within a short period of time.
— Yashu Gola, Forex MinuteResources
Specifications
Algorithm: Proof-of-Stake-Velocity
Total Supply: ~27 billion RDD at the end of PoW
Interest rate: 5% inflation yearly
Block Time: 60 Seconds
Currency Code: RDD
Currency Symbol: Ɍ
