Posts Tagged ‘Reddcoin

crypto-chips

A lot of people do not like much Proof of Stake (PoS) coins as quite a lot of these do not have a long lifespan and are generally considered a loss of time and money, however there are some coins that have endured the test of time. Some of these coins might be an interesting option to invest into by buying and making some profit from the staking and future increase in their value, below we have compiled a short list of some such coins with a bit more details about each one and a link to the announcement thread on Bitcointalk where you can get additional information to help you make a decision. The focus of the list are coins with higher annual interest rate as if there is just 1% or less per year you can only hope to gain profit by long term increase of the value of the coin. When considering PoS coins that might be interesting for long term investment you should look for ones with higher interest rate that start at about 5% annually, but be careful with ones that have a very high interest rate as that might not be that good. Other things to look for include an active and bigger community of users, the coin being traded on larger altcoin exchanges such as Bitttrex or Poloniex with a decent volume. Check our list below with some such coins that we consider that are worth checking out in more detail if you are interested in making investment in Proof of Stake coins, the list may be missing some coins, so feel free to point additional ones in the comments below…

List of PoS coins to check out:
BlackCoin (BLK/BC), currently PoS only, fixed stakign reward of 1.5 BLK + fees time dependent, traded on Bittrex and Poloniex with big volume, active community.
CoinMagi (XMG) – M7M, PoW and PoS, up to 5% annual interest rate, traded on Bittrex and Poloniex, small volume, active community.
Diamond (DMD), Diamond-Groestl, 0.2 DMD PoW, 25% annual interest rate for PoS, decreasing further in time, traded on Bittrex, active community.
Mintcoin (MINT), currently PoS only, 10% annual interest rate to further decrease to 5%, traded on Poloniex, large volume, active community.
OKCash (OK), currently PoS only, 20% annual interest rate to decrease further to 6%, traded on Bittrex, small volume, small community.
HyperStake (HYP), currently Pos only, up to 750% annual interest rate with limitations on how much coins you can stake driving actual rate lower, traded on Poloniex, small volume, active community.
Hyper (HYPER), currently PoS only, 5% monthly interest rate to further decrease to 2% annual, traded on Bittrex, small volume, active community.
Quotient (XQN), currently PoS only, 1618% annual interest rate for PoS (max reward cap?), traded on Bittrex, small volume.
Reddcoin (RDD), currently PoS only, 5% annual interest for PoS, traded on Bittrex and Poloniex with big volume, active comunity.
ZeitCoin (ZEIT), currently Pos only, 15% annual interest rate to further decrease to 5%, traded on smaller exchanges only, small volume, active community.

reddcoin-logo

Reddcoin (RDD) 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. 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. Reddcoin decentralized Tip Platform allows people to seamlessly send & receive digital currency on Social Networks. 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. Reddcoin Broadcast provides powerful crowd-sourced marketing tools to businesses and steady Reddcoin income to individuals based on their social influence level.

Website:
https://www.reddcoin.com/

Block Explorer:
http://live.reddcoin.com/

Coin Specifications

  • Algorithm: Proof-of-Stake-Velocity
  • Total Supply: ~27 billion RDD at the end of PoW
  • Interest rate: 5% inflation yearly
  • Min Age: 8 hours, Max age 45 days
  • Block Time: 60 Seconds
  • Difficulty Retarget: Every block using Kimoto’s gravity well

Wallet:
Windows
Linux
Mac OS

Source Code:
at GitHub

Ports:
– RPC Port: 45443

Mining Pools:
No mining pools available, the coin is now PoS only.

Coin Exchanges:
Bittrex
Bleutrade
Poloniex
Yobit


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