[PoSV] Internal testing phase 1/3 successfully completed
Dear Reddheads: I’m glad to announce that phase 1/3 of internal testing has been successfully completed. The three main phases are: 1) full backward compatibility between the master and PoSV branches in terms of PoW mining and transaction + block data structures 2) checkpoint broadcast 3) minting/staking After internal testing finishes, I’ll start invitation-only beta […]
[Ask Dev #3] Q&A with Reddcoin Developers
Dear Reddheads First, we’d like to introduce two young stars of the dev team: /u/hoppipoppipolla and /u/lionzeye. Hoppi is working on our (highly classified) next-generation wallet which will replace the current Windows-3.1-look’ish QT wallet that plagues the entire altcoin world. Lionzeye has been working on an Android light-wallet using ReddAPI and a Reddcoin-based crowd funding […]
[Update] The latest update from Cryptsy
Hi guys We have been monitoring the network non-stop for 2 days and communicating with Cryptsy with all the information we obtained. Below is the latest official response from Cryptsy by email. Cryptsy has now bumped the minimum number of confirmations for deposit to 999. We however suggest all users exercise extreme caution in major […]
It’s been 90 days! IPCO distribution is over!
IPCO distribution is over! But Reddcoin, what is an IPCO? Initial Public Coin Offering (IPCO) When Reddcoin was first introduced, the development team introduced an Initial Public Coin Offering of 5.45 billion Reddcoins in exchange for Bitcoin from interested investors. This money raised would be used to support in the development, publicity, and support of […]
[Case Study] 51% attack and double spending
“Fear always springs from ignorance.” – Ralph Waldo Emerson What is 51% attack? The blockchain is the distributed financial ledger of transactions. The ledger is secured by consumed hash power in Proof-of-Work (PoW). When someone has >50% of the network hash power, he would be able to generate blocks to selectively confirm certain transactions or […]
[Ask Dev #2] Weekly Q&A with Reddcoin Developers
Dear fellow Reddheads: Please post your questions below and members of the Reddcoin dev team will answer as many as possible. This week we have a few questions for you: 1) Do you like tipping food/drink/gift e.g. beer, hug? Is there anything you want us to add? 2) Do you like using browser extensions in […]
Ready for Block Halving, all exchanges are running Reddcoin 1.2.0.0
Hi everyone, Just a small note to let you know that we have received confirmation from all exchanges trading Reddcoin. Allcrypt Swisscex Poloniex moolah Bittrex Cryptsy CoinedUp Cryptx Everything is update and we are ready for block halving tomorrow! Thanks Reddcoin
[How-To] Tip Reddcoins through private messages
Dear fellow Reddheads: Some of you have asked about whether it’s possible to tip someone on Reddit through private messages. Yes you can. The method so far is not documented and will be added to Wiki shortly. The command is: +/u/reddtipbot @laudney 100 RDD You should put the entire command above in the body of […]
[Ask Dev] Reddcoin Weekly Q&A with Developers
Dear fellow Reddheads: We’d like to start a weekly thread where you can ask all developers any thoughtful question, whether it’s related to PoSV, Reddcoin voucher/gift, lightweight Android wallet, ReddAPI, mining pools… Post your questions below and we’ll try to answer as many as possible. https://www.reddit.com/r/reddCoin/comments/24huzi/ask_dev_reddcoin_weekly_qa_with_developers/ Regards Reddcoin Developers
[MAJOR ANNOUNCEMENT] Reddcoin to implement new algorithm Proof-of-Stake-Velocity
Dear fellow Reddheads: After long period of research and development, the Reddcoin core team decides the time is now right to announce the biggest milestone in Reddcoin history to date. We have designed a new algorithm called Proof-of-Stake-Velocity (PoSV) to replace the current Proof-of-Work (PoW). PoSV builds on the strength of Proof-of-Stake (PoS) but introduces […]