With Reddcoin, you stake by keeping your wallet unlocked (for staking) and having some RDD in your wallet. The wallet takes part in validating transactions on the network, this is how you earn your rewards. Reddcoin offers their own native wallet with RDD support, which you can download from the main site. There are versions for Windows, Linux, and Mac. From the looks of it, it doesn't seem like they have a browser-based wallet. After you install Reddcoin Core Wallet, you must to let it syncronize with the network (will download the blockchain on your computer). Make sure that you have enough space on the C partition. To speed up the process you can use the bootstrap feature (this method is explained on the reddcoin website).
How To Download A Reddcoin (rdd Wallet For Mac)
Generate new address Choose your currency and click on the 'Generate new address' button. Print the Paper Wallet Click the Paper Wallet tab and print the page on high quality setting. Never save the page as a PDF file to print it later since a file is more likely to be hacked than a piece of paper. Fold the Paper Wallet Fold your new Paper wallet following the lines. You can insert one side inside the other to lock the wallet.
Share your public address Use your public address to receive money from other crypto-currency users. You can share your public address as much as you want. Keep your private key secret The private key is literally the keys to your coins, if someone was to obtain it, they could withdraw the funds currently in the wallet, and any funds that might be deposited in that wallet. Please test spending a small amount before receiving any large payments.
Consider supporting us This service is free and will stay free, without advertising or tracking of any sort. Please consider to support us and the people that add support for new currencies.
Frequently asked questions: We try to make it that way! The core of the tool, that generate the keys is 99% the same as the well reviewed bitaddress.org. We only changed it to be able to generate addresses for different crypto-currencies.
We think that having a unique generator for multiple currencies lead to a much better reviewed tool for all than having a myriad of half-backed generators. Changes made to this generator are available on Github in small and divided commits and those are easy to review and reuse. Walletgenerator.net use the same security measures as the original project. All-in-one html document, no ajax, no analytics, no external calls, no CDN that can inject anything they want.
And trust us, we have seen some nasty things when reviewing some wallet generator. Advantages of a paper wallet are multiple: ⇒ They are not subject to malwares and keyloggers ⇒ You don’t rely on a third party’s honesty or capacity to protect your coins ⇒ You won't lose your coins when your device break Once you have generated and printed a wallet, you can send coins to the public address, like for any wallet. Store your paper wallet securely. It contains everything that is needed to spend your funds. Consider using BIP38 to secure your paper wallet with a password.
You will need to import your private key in a real client, that you can download from the currency website. The exact method to do that will depend on the client. If there is no integrated method, you can usually fall back to the debug console and use the command “importprivkey yourprivatekey“. It’s not that different. You will find another design for the paper wallet and some improvements here and there.
The big difference is that this is a unique project for a lot of currencies, so more people can review it and check its safety. Donations money are used to pay our hosting service provider, but it’ll also be used to make walletgenerator.net more secure as we plan to organize a CrowdCurity campain as soon as we get enough money to pay for it. You can report bugs using GitHub. You can also contact us using our Twitter account. Just try to explain clearly what is wrong and we will try to fix the bug as soon as possible. We are just two random guy having fun with a side project.
Even partial translation are helpful! An important part of creating a crypto-currency wallet is ensuring the random numbers used to create the wallet are truly random. Physical randomness is better than computer generated pseudo-randomness. The easiest way to generate physical randomness is with dice. To create a crypto-currency private key you only need one six sided die which you roll 99 times. Stopping each time to record the value of the die. When recording the values follow these rules: 1=1, 2=2, 3=3, 4=4, 5=5, 6=0.
By doing this you are recording the big random number, your private key, in B6 or base 6 format. You can then enter the 99 character base 6 private key into the text field above and click View Details.
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You will then see the public address associated with your private key. You should also make note of your private key in WIF format since it is more widely used.
Released to the public in 2014, Reddcoin is a decentralized social cryptocurrency that allows anyone to instantly send & receive RDD (its native cryptocurrency) payments on social networks with no transaction fees. It’s essentially the blockchain version of Venmo, Facebook Cash, or Snapchats Snapcash, all of which allow you to easily transfer money to friends and family via their respective social media platforms. However, unlike these major social media networks that require you to use their native platform to send and receive money, Reddcoin allows you to seamlessly integrate its payment features on multiple platforms like Reddit, Facebook, Twitter, and more.
As well, you can do more than just instantly send & receive money to people with Reddcoin: you can “tip” money to content creators similar to how you would “like” or “favorite” a post. Reddcoin uses an environmentally friendly approach called Proof-of-Stake-Velocity (PoSV). This is drastically different from Bitcoin’s proof-of-work protocol (PoW) that requires vast amounts of energy to mine. Every Reddcoin user automatically mints Reddcoins when staking, as it’s a built-in function of the downloadable official wallet (which you need to have to start using it). Key Features of Reddcoin.
Reddcoin is a social cryptocurrency that can be integrated with many different social media platforms for sending/receiving money with zero fees. It’s a peer-to-peer open-source cryptocurrency derived from Litecoin. It dedicates much of its efforts to facilitate the “tipping” of small amounts of RDD on social networks, done in a similar fashion to “liking” a post on FB. The PoSV algorithm is a new take on PoS which encourages both ownership (stake) and activity (velocity). Its tipping system has already been enabled on Twitter, Reddit, Twitch, and Justin.TV.
How Does Reddcoin Work? As stated before, Reddcoin connects to your respective social media networks and enables you to send near instant, zero cost RDD payments to anyone you interact with on your network. You can send RDD to your mother for rent, repay a colleague who bought you a Chipotle burrito for lunch, or “tip” a content creator for a cute puppy post.
All you need to do is click the “tip” button which then sends that person a micropayment. Reddcoin uses PoSV, which was originally designed by the Reddcoin team to replace its former PoW protocol. PoSV is essentially a new take on Proof-of-Stake (PoS) that addresses the needs of its social currency to encourage “both ownership (stake) and activity (velocity)”.
In their own words, modifications to PoS “were needed to promote more active network participation.” The biggest difference between the two is that while PoS has linear coin aging (each day a coin is held, you acquire one day of coin age), PoSV has. PoSV minting, the counterpart to, allows anyone to “mint” RDD with CPUs of PCs, laptops and mobile devices instead of expensive, energy consuming mining rigs like GPU’s or ASIC’s. With PoSV, the more stake of RDD you hold in your wallet, the more likely your chances are of finding a valid block/ receiving block rewards.
For this to happen, all you need to do is keep your wallet running and connected to the Internet. About Reddcoin Reddcoin was created on January 20, 2014, as a PoW cryptocurrency. On February 2, 2014, after raising $100,000 through their, Reddcoin was released to the public. On April 29, 2014, they announced that Reddcoin would transition from PoW to.
In 2017, Reddcoin made an official announcement listing their team members, including developers John Nash and Leonard Simonse. In subsequent Tweets, they’ve publicly announced the additions of developers such as Bradley Ploof and James Tweeg. They’ve been active in updating the community via, but if you’d like to keep informed directly on the teams project progress, check out their or (which includes the project roadmap). Introducing Team Reddcoin! Watch for more updates in the future as we work together to fully realize the potential of Reddcoin! — Reddcoin (@reddcoin) RDD Coin Supply and Sustainability When the transition was made from PoW to PoSV on August 1, 2014, there were approximately 27 billion RDD. As of now, ReddCoin has a circulating supply of 28,773,308,124 RDD.
Minting results in up to 5% inflation annually, and there’s no limit to the max supply of RDD. RDD Trading History As you can see above, Reddcoin remained relatively flat since its inception: that is until December of 2017. On January 7th, it reached ATH’s of $0.03 cents, then followed the fate of many other coins around that time and lost significant value. At the time of writing, RDD is trading for a fraction of a penny.
Where Can You Buy Reddcoin? You have the ability to trade RDD on exchange sites such as, Bittrex, and Upbit for either ETH or BTC. If you’re a new investor, you can purchase BTC or ETH coins on or, then deposit it to the respective wallets on the previous exchanges. Where Can You Store Reddcoin? You can download a Reddcoin supported from the official Reddcoin website, or you can store Reddcoin on mobile wallet. Conclusion It’s hard to predict the future of Reddcoin.
On one hand, it seems a bit odd that we would tip people on social media when we could just show appreciation by “liking” their content. But we do tip people for almost everything else in the United States, so why not content? The Steemit social media platform has already found success in its similar feature, which pays users in STEEM for creating and curating content, so it’s not unreasonable to see the trend spread. That being said, Reddcoin has come a long way since its 2014 beginnings.
The social cryptocurrency, which aims to integrate itself with nearly every social media platform as a peer-to-peer payments platform with tipping capabilities, is already functioning in several social media sites. It will be interesting to see the growth of Reddcoin as they make their way through 2018. The post appeared first on.