Reddcoin is an open source peer-to -peer cryptocurrency based on Litecoin v0.8.6.2 source code .
Specification
Algorithm : Scrypt
Max Coins : 109 billions RDD
Block Time: 60 Seconds
Difficulty Retarget : Every block Using Kimoto 's gravity well .
Block halving rate: 500,000 blocks
Reward
RDD 100,000 per block
Special block reward
Block 0 to 9.999 = 300,000 coins reward
Block 10.000 to 19.999 = 200,000 coins reward
Block 20.000 to 29.999 = 150.000 coins reward
Release date
Reddcoin tomorrow will be release on February 2nd between 10 AM PST AND 2 PM PST . We will randomly select the time the coop we will release the Windows QT wallet and the source code for the first time . Nobody will have access to the wallet or the source code BEFORE the release .
Download
Windows wallet
Release on February 2nd
March wallet
0.1 BTC Bounty
Source code
Public on February 2nd
https://github.com/reddcoin
Block explorer
Release on February 2nd
Pools
Pools accepting pre registration , more to come:
redd.incoinswetrust.com
pool.code4.us/rdd
redd.oakpool.com
rdd.coinmine.pl
Reddcoin Site: http://www.reddcoin.com/