Reddcoin (RDD) Nears PoSV v2 Activation, Clearing Way for Explosive Developments

Reddcoin (RDD) Nears PoSV v2 Activation, Clearing Way for Explosive Developments

Albuquerque, NM – May 29, 2020 – Feisty underdog and first technology cryptocurrency Reddcoin (RDD) launched the PoSV v2 consensus algorithm activation course of on Christmas Eve 2019 enhancing all aspects of help of the native lightning-quick blockchain to a self-funding impartial mannequin. That work has culminated in current days and shall be activating shortly, marking a transition for the never-say-die Reddcoin (RDD) growth workforce and the venture as an entire.

Reddcoin is a uniquely community-driven and user-focused decentralized cryptocurrency established in 2014 and operating seamlessly for six years. A member of the BITA50 and ALT100 crypto-indices, and a “Top 100” venture with a market cap of roughly 40MM US, Reddcoin can be an all-volunteer and self-funded group.

Unlike most within the blockchain area, having by no means skilled a major safety incident or hack is six years of operation, as a result of nature of Reddcoin’s distinctive proof-of-stake-velocity (PoSV) expertise, Reddcoin stands alone as a safe cost expertise, with minimal {hardware} necessities, and an ecofriendly, less-energy-wasteful strategy to socially accountable expertise. With 1000’s of energetic wallets, exchanges, on- and off-ramps to fiat and different currencies, customers and enterprise can take pleasure in and leverage a full-featured cost gateway suite of companies.

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Reddcoin can present point-to-point, multi-party, or full-suite service provider, transaction and remittance companies at a fraction of the price of conventional PayPal or bank card transactions with lightning-fast completion and state-of-the-art safety and cryptographic safety in opposition to counterfeiting, fraud and information manipulation. Reddcoin additionally presents members in its community automated interest-like “staking rewards” in addition to zero-to-low-fee transaction prices, reducing the bar for entry for any enterprise, webstore or particular person seeking to take part within the new period of fintech.

The new algorithm and staking guidelines constructed into PoSV v2 will activate as soon as supermajority of 9000/10000 blocks has been reached, estimated inside the subsequent weeks. Once that time has been reached, all remaining older Reddcoin wallets will must be upgraded to be able to spend or stake. As famous within the venture’s re-released 2019 Redd Paper, out there on the web site at (, the brand new options of the PoSV v2 algorithm powering Reddcoin embrace such gadgets as:

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“Participation Incentivization”, which guarantees to multiply stake rewards as much as 5x for all energetic customers based on dynamic community staking participation variables; The “Reddcoin Restitution Fund”, geared toward changing ReddHead group members misplaced or stolen funds; The “Reddcoin Charity Initiative/Food &Supply Bank”, providing extra direct help to these in wants amongst and out of doors the group, and extra.

These new options and applications overlay one of many quickest present cryptocurrencies, zero-to-low-fee transactions, 60s block instances, and ecofriendly all-platform staking choices, providing a compelling worth proposition together with the uniquely supportive and transformative Reddcoin “ReddHead” group.

Led by a devoted workforce of open, clear, and engaged volunteers, Reddcoin is at all times looking out for expertise to assist obtain the envisioned options and merchandise. As one of many authentic cryptocurrencies, and an all-volunteer growth workforce, Reddcoin is poised to launch via 2020 quite a few tipping and content material creator reward functions together with the relaunch of ReddID, using the distinctive properties of the RDD ecosystem to permit tipping and spendable rewards solely free from restriction and censorship.

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Learn extra at the principle Reddcoin web site.

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