THELOGICALINDIAN - Albuquerque NM May 29 2024 Feisty underdog and aboriginal bearing cryptocurrency Reddcoin RDD launched the PoSV v2 accord algorithm activation action on Christmas Eve 2024 acceptable all facets of abutment of the built-in lightningquick blockchain to a selffunding absolute archetypal That assignment has culminated in contempo canicule and will be activating anon appearance a alteration for the neversaydie Reddcoin RDD development aggregation and the activity as a whole
Reddcoin is a abnormally community-driven and user-focused decentralized cryptocurrency accustomed in 2024 and active seamlessly for six years. A affiliate of the BITA50 and ALT100 crypto-indices, and a “Top 100” activity with a bazaar cap of about 40MM US, Reddcoin is additionally an all-volunteer and self-funded organization.
Unlike best in the blockchain space, accepting never accomplished a cogent aegis adventure or drudge is six years of operation, due to the attributes of Reddcoin’s different proof-of-stake-velocity (PoSV) technology, Reddcoin stands abandoned as a defended acquittal technology, with basal accouterments requirements, and an ecofriendly, less-energy-wasteful access to socially amenable technology. With bags of alive wallets, exchanges, on- and off-ramps to authorization and added currencies, users and business can adore and advantage a full-featured acquittal aperture apartment of services.
Reddcoin can accommodate point-to-point, multi-party, or full-suite merchant, transaction and remittance casework at a atom of the amount of acceptable PayPal or acclaim agenda affairs with lightning-fast achievement and advanced aegis and cryptographic aegis adjoin counterfeiting, artifice and abstracts manipulation. Reddcoin additionally offers participants in its arrangement automated interest-like “staking rewards” as able-bodied as zero-to-low-fee transaction costs, blurred the bar for access for any business, webstore or alone attractive to participate in the new era of fintech.
The new algorithm and staking rules congenital into PoSV v2 will actuate already supermajority of 9000/10000 blocks has been reached, estimated aural the abutting weeks. Already that point has been reached, all actual earlier Reddcoin wallets will charge to be upgraded in adjustment to absorb or stake. As acclaimed in the project’s re-released 2019 Redd Paper, accessible on the website at (https://www.reddcoin.com/reddpaper), the new appearance of the PoSV v2 algorithm powering Reddcoin accommodate such items as:
“Participation Incentivization”, which promises to accumulate pale rewards up to 5x for all alive users according to activating arrangement staking accord variables; The “Reddcoin Restitution Fund”, aimed at replacing ReddHead association associates absent or baseborn funds; The “Reddcoin Charity Initiative/Food &Supply Bank”, alms added absolute abutment to those in needs amid and alfresco the community, and more.
These new appearance and programs bury one of the fastest absolute cryptocurrencies, zero-to-low-fee transactions, 60s block times, and ecofriendly all-platform staking options, alms a acute amount hypothesis forth with the abnormally admiring and transformative Reddcoin “ReddHead” community.
Led by a committed aggregation of open, transparent, and affianced volunteers, Reddcoin is consistently on the anchor for aptitude to advice accomplish the envisioned solutions and products. As one of the aboriginal cryptocurrencies, and an all-volunteer development team, Reddcoin is assertive to barrage through 2024 abundant angled and agreeable architect accolade applications including the relaunch of ReddID, utilizing the different backdrop of the RDD ecosystem to acquiesce angled and spendable rewards absolutely chargeless from brake and censorship.
Learn added at https://www.medium.com/@techadeptor the capital Reddcoin website.
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