Reddcoin (RDD) is a social currency dedicated to paying tips on social networks, making digital currency closer to the general public. Reddcoin uses the Scrypt algorithm and GPU mining. It was released on February 2, 2014. The block time is 60 seconds. Each block contains 100,000 coins, and the output is halved for every 500,000 blocks, totaling 109 billion. Redddcoin Proof of Stake Velocity is an innovative algorithm that encourages ownership (Stake) and activity (Velocity). PoSV solves the problems in traditional PoW and PoS algorithms and eliminates wasteful mining electricity usage.

Project Introduction

Since 2014, Reddcoin envisions creating a blockchain platform for social media tipping using personalized IDs.
Reddcoin is the original social network tipping, content creator and micro-donation cryptocurrency. Reddcoin (RDD) was originally forked from Litecoin in 2014. The current products on the Reddcoin blockchain include: ReddID, Reddcoin Core Wallet and Reddcoin POS.
Reddcoin makes digital currency accessible to the general public. By seamlessly integrating the digital currency platform with major social networks, sending and receiving tips and microtransactions are cheap, fast, and beneficial for everyone.
Reddcoin is all about one thing - tipping on social networks, a way to bring awareness and experience of cryptocurrency to the general public.

Reddcoin product suite

Redd ID tip extension

Since 2014, Reddcoin envisions creating a blockchain platform for social media tipping using personalized IDs. (Our dedicated team of volunteer developers and community have made this vision a reality.)

Features include:
Register your own unique "ReddID" name
Connect "ReddID" to your Reddit, Twitter, Facebook and YouTube.
Continuous development, open source and plugins for web developers.
Send a tip to "ReddID" users with the click of a button.
Invite your friends to join the "ReddID" revolution.
ReddID Hint System – Google Play Store as an extension.
Keep your RDDs in a lightweight browser wallet with zero blockchain sync.
Search for other ReddID users by name, follow tipping events, and more

Reddcoin Core Wallet

New Reddcoin PoSV V2 Wallet
The Reddcoin PoSV V2 core wallet allows you to store, send and stake your balance. (5% per year based on coin age) Increase your stash regularly.

Features include:
Secure storage and staking capabilities for Reddcoin
4 different OS "features" available to suit your system
Syncing speed is 3 times faster than ordinary QT wallets.
One-click setup, easy to understand controls
As discussed and generally agreed in the Reddcoin community, this release activates the sending of a percentage (8%) of all stake rewards to the Developers Funding address.

Reddcoin POS

Why use it instead of a mobile wallet?
It only generates payment requests to a wallet controlled by the merchant on another machine. This means that the coins cannot be controlled through the POS software. This is especially effective when your employees also have access to this machine. Also, keeping your private keys offline is always a bonus!

Accept Payments
Start using PlusBit to accept payments for your business via any popular cryptocurrency. Also, you can get paid at a stable price with stable coins like Stable soon without any fluctuations.

Direct P2P encrypted transfers
We process payments, but not any funds. There is no third party between the merchant and the customer. This gives the merchant full control over the funds received. Get paid in seconds.

Get Paid in Seconds
If you have a business event, an Android device and an internet connection, you're ready to start paying. After payment, the transaction is verified on the blockchain within seconds. Money will be sent directly to your wallet.