Reddcoin staking reddit
Reddcoin makes digital currency easy for the general public. By integrating a digital currency platform seamlessly with major social networks, sending and receiving tips and micro-transactions are cheap, fast and rewarding for everyone. Show support to content creators and the people in your online community by tipping them RDD digital currency they can spend however they like.
Accept Reddcoin on your social media channel as a revenue channel that you can save or spend quick and easily. Why install the wallet core? Reddcoin are easy to transfer no matter what device you are using.
They have zero fees, are safe thanks to the security of our blockchain, and they are eco-friendly because they offer you the possibility to earn without power consumption. Use your RDD on social networks! That's why Reddcoin was born, to spread all over the internet. So many ways to show support through contest, initiatives, and the large community already giving tips with Reddcoin! A decentralized tip platform that allows people to send and receive digital currency on social networks to anyone in the world and to support content creators through donations.
An innovative algorithm that encourages both ownership Stake and activity Velocity. A unique service provided at the blockchain level which allows a user to associate a username with rich information including public keys and social network identities. Through Web-ID, you can transact Reddcoin by your own sentence or username. A state-of-the-art wallet that provides various social features to increase engagement among users which improves security of the decentralized network.
These passionate people are responsible for making Reddcoin a reality. All members have gained a lot of experience in their respective expertise before joining Reddcoin, this allows the team to be small but also powerful. By focusing on being a currency for social networking, Reddcoin will, most likely, become the currency for these systems, and thus the currency for the microtransactions they power. Reddcoin as a cryptocurrency allows an easy and reliable way to send money between friends and followers alike.
Reddcoin is a very ambitious coin, and is certainly a coin to watch in the future, as it is growing quickly and has an active community. The idea on which Reddcoin is based, alone can garner innumerable followers within a short period of time.
Facebook Twitter Google Github Email. How do I start using Reddcoin? Learn more about how to get Reddcoin and start tipping. Block Time 10x faster than Bitcoin. What Makes Reddcoin Unique? Tip Platform A decentralized tip platform that allows people to send and receive digital currency on social networks to anyone in the world and to support content creators through donations.
Eco-Friendly Staking An innovative algorithm that encourages both ownership Stake and activity Velocity. Redd-ID A unique service provided at the blockchain level which allows a user to associate a username with rich information including public keys and social network identities.
Redd Wallet A state-of-the-art wallet that provides various social features to increase engagement among users which improves security of the decentralized network. The Team These passionate people are responsible for making Reddcoin a reality.
To begin, we should start with a basic overview of the core points of Redd-ID that we believe will make it stand out among other solutions in development. It should go without saying that Redd-ID is a decentralized solution, immediately helping it stand out from the reddcoin staking reddit popular tipping solutions available today. We will achieve this by creating Redd-ID to have three primary parts: How will this work?
For those familiar with Namecoin, this portion reddcoin staking reddit the project will sound familiar. Username registration will be done at the blockchain level, essentially adding additional information reddcoin staking reddit into transactions stored within a block. In addition to the username registration field, people will be able to register any number of other social media accounts on the blockchain. This immediately associates my Redd-ID with my other accounts. However, these additional fields have a reddcoin staking reddit In fact, there is no way to prevent someone else from registering my reddit name to their own address in hopes of fooling someone into sending them Reddcoins instead of me.
Moreover, any number of users could register my reddit name, as there is no way to limit registrations other than the Redd-ID itself to just one person. To prevent abusers from registering unlimited reddcoin staking reddit, registration fees become important.
We will use defined key pairs, stored in the blockchain, to prove social media account ownership. For those that are familiar with Keybase, this will work in a very similar manner. This will enable cryptographically sound public proofs of ownership of various accounts. For those of you familiar with OneName, a Namecoin-based identity registration system, our use of public key cryptography strongly differentiates Redd-ID from their reddcoin staking reddit of reddcoin staking reddit identity verifications.
It is important to note: Account verification is performed outside of the protocol itself, interfacing with the protocol-level parts described in 1 and 2 to check public proofs of identity at the client-level.
What does this mean? Simply, your reddcoin staking reddit Qt, Browser Extension, Android, etc. This means that even on a wallet that depends on a third party for full blockchain access such as an Electrum wallet like the Browser Extensionan attacker would not be able to trick a user into thinking that someone is someone that they are not.
At worst, an attacker might be able to prevent verification by blocking information, but a user cannot be reddcoin staking reddit into sending coins to an invalid identity.
This is no different in principal than how Electrum clients work today for checking balances and sending transactions.
With the full implementation of Redd-ID, developers can begin to imagine ways to incorporate username registration for all kinds of services. Beyond just decentralized tipping and public proofs of identity, Redd-ID can enable new reddcoin staking reddit of username integration into games, forums, and any number of other services.
Charities and organizations can use the service to securely reddcoin staking reddit fundraising campaigns, and merchants can envision numerous promotional and sales possibilities. Furthermore, as new social media services are invented and popularized, these can easily be added to the Redd-ID system by virtue of the three steps outlined above. We also have concluded that in terms of importance, we are going to aim to reddcoin staking reddit username authentication into the most useful wallets first.
In other words, our plan presently is to ensure authentication works reddcoin staking reddit in the Browser wallet, followed by mobile wallets, and lastly in the Core Qt wallet. This fits in with our philosophy that the Browser and Mobile wallets will function as the every day use wallets, and the Core wallet will serve primarily as a way to support the health of the Reddcoin network through staking.
This priority order may change as we move forward, but it is presently our plan for what makes the most sense. And so, that leaves us with three basic goals left ahead for us to implement to introduce Redd-ID:.
Finish up Browser and HD Core Wallets to make wallet use and backup safe, simple, and as painless as possible. Implement username verification into the Browser Wallet and Core Wallet so registered social media usernames are provable. In theory, these three functions can all be reddcoin staking reddit in parallel with one another. Our personal belief is that they should more-or-less follow the order above, as this will provide the safest and most useful product for you, the users.
Reddcoin staking reddit as a final note, there are many projects aiming to solve the problem of how best to enable micro-transactions and store public identities. We reddcoin staking reddit that our solution, a decentralized database with cryptographic proofs of identity, stands out from other competing projects. Reddcoin staking reddit still have much work ahead, but we also truly want to see our goals come to fruition. Furthermore, we believe that by placing development under one roof, so to speak, we will be better able to more seamlessly develop a comprehensive solution than would be possible by multiple third-party projects.
There is much work to be done, and we will reddcoin staking reddit be completing the project this week or even this month, but we remain committed to our goals. Facebook Twitter Google Github Email. Username Registration For those familiar with Namecoin, this portion of the project will sound familiar. Connecting a Redd-ID Username to Social Media accounts In addition to the username registration field, people will be able to register any number of other social media accounts on the blockchain.
Verification of Connected Social Media Accounts We will use defined key pairs, stored in the blockchain, to prove social media account ownership. Final Thoughts And so, that leaves us with three basic goals left ahead for us to implement to reddcoin staking reddit Redd-ID: Implement Redd-ID so people can register Reddcoin and social media usernames.