Cryptsy staff-member, Mullick, took to Reddit yesterday and issued a statement to clear up any confusion about the situation with Reddcoin on Cryptsy. The clarifications were needed after somebody had attempted to carry out a 51% attack on Reddcoin via the Cryptsy exchange — selling Reddcoin for Bitcoin, then reversing the original Reddcoin deposit. The post reads: As many of ...

To avoid his staff from “cringing at him when reddcoin explodes in value.”, business owner bravenewcoin on reddit today announced that he is paying his staff entirely in Reddcoin for one week.  To do so, the owner purchased 8.5 BTC of the cryptocurrency. They all did their research and agreed they can afford it/risk it. As owner of a mining farm and cryptocurrency tracking ...

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. ...

Reddcoin aims to be “the social currency”, and it’s things like the newly launched Reddcoin Broadcast platform that are going to make it uniquely social when compared to others. Reddcoin Broadcast is what’s been labelled a crowd-speaking platform, the most popular of which to date is known as Thunderclap. Where crowd-funding allows you to raise funds if you meet your ...