The Reddcoin development team has announced they have designed a brand new algorithm, known as Proof-of-Stake-Velocity (PoSV), which the coin will be moving to in the fairly near future. This new algorithm works similarly to Proof-of-Stake, where users “mint” new coins by demonstrating ownership of your current coins, rather than with the computational power used in more traditional Proof-of-Work coins. ...

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