In an effort to boost network growth and stability, Reddcoin announced the rollout of a New Enhanced Proof of Stake Velocity Protocol, or Enhanced PoSV v2.
The latest revision of the protocol is set to go live in late October at block three million of the RDD blockchain. It is designed to provide enhanced network growth stability, strengthened staking incentives, funding support for development teams, and protection of user funds from loss and theft.
Reddheads Have More Fun
In an effort to make cryptocurrency more accessible, the Litecoin-forked Reddcoin has managed to develop a dedicated fanbase of “ReddHeads,” who use the cryptocurrency for tipping creators of social media and online content as well as for online micro-donations.
The blockchain harnesses a “bespoke algorithm,” which gives users a five percent annual reward for holding the crypto and removes the need for high-energy consumption through its staking mechanism, offering “a more environmentally conscious option” for its operation.
Jay “TechAdept” Laurence, CEO/COO of Reddcoin Solutions, LLC, and strategic project facilitator at Reddcoin (RDD), describes the principles of faith, hope, and…
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Author: Darren Kleine