Posts Tagged ‘Proof of Stake’

Reddcoin (RDD) Scrypt-based alternative cryptocoin

25, Jan 2014

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
– Crex
– Yobit


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