What is Reddcoin?

"Reddcoin is the social currency that enriches people’s social lives and makes digital currency easy for the general public. Reddcoin achieves this by integrating a digital currency platform seamlessly with all major social networks to make the process of sending and receiving money fun and rewarding for everyone."

- Reddcoin.com
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General

TICKER SYMBOLS
RDD
AGE
6 years old (January 20, 2014)
CURRENT PRICE
$0.000648
Updated 8 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$0.031486
2 years ago
CIRCULATING SUPPLY
28,808,713,174 coins
Updated 8 minutes ago via coinmarketcap.com
MARKET CAP
$18,665,809
Updated 6 minutes ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Built-in Inflation (5% per annum)
PRE-MINED / RESERVED
Yes
CONSENSUS MECHANISM
Proof of Stake (PoS)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
1m
HASHING ALGORITHM
Scrypt
DIFFICULTY ADJUSTMENT
Every block (~1 minute)