MILESTONE - ReddCoin - Redd-ID Testing progress and update
The ReddCoin team is pleased to announce that our internal technical development continues as planned, with a number of new features being prepared for public view. Chief among these, Redd-ID and name-based social tipping.
Now, reward worthwhile content and earn for your own creations!
Send tips and payments to names, not obscure crypto alphanumeric strings.
Seamlessly withdraw and spend, or atomic swap to other currencies.
Redd-ID development is proceeding with a number of new technical milestones. Within the Redd-ID subsystems, the “.tester” namespace has been registered on the blockchain, and our Lead Dev’s ID “gnasher” has been successfully registered for a cost of 1024RDD.
A variable costing level has been designed for name registration, and will be documented elsewhere shortly.
Also due to Gnasher’s tireless work, Reddcoin has also been switched to an electrum-based wallet instead of rlying on now somewhat out-dated “generated” addresses", allowing for further wallet management features, mobile staking and more further down the line.
An up-to-date and re-imagined White Paper and Roadmap are also being worked on and should be made available shortly.
Details of the operations on the blockchain and and OP_RETURN incorporation are linked below. The team has been working to not only integrate safely and securely the new core functionality, but also ensure that the new ID capabilities work as seamlessly as possible.
As example, modification of our reddsight-api to allow for higher and fee-based transactions.
We look forward to the community’s engagement in using and testing once beta versions are ready for release.
Nov 29, 2017 22:23:52 - 2000953 Preorder http://live.reddcoin.com/tx/E71623aa058f1e2f78e8e1d6a7692621a7e882131d0c570bd9ca6c56f48ccb77 25000 Re6ZRErvUW7AvYsQyVwSgHaBoafs6v1VrC
Nov 29, 2017 23:39:31 - 2001058 Reveal http://live.reddcoin.com/tx/c310a76b1306cd8c5a55a596d4f116dd444700b92b45132babf1d37ebe47cf3c 5980 RfmC2s2zUwkWT6cZNQiKQ6VN5xYVS3jE3V
Dec 4, 2017 23:01:29 - 2008151 Ready http://live.reddcoin.com/tx/7e392964f127213c28e7f0b9dced19bd6f9f4ac28dc6bbe826bb1a17239215bc 5980 Rc3JEaEztTNp4FeVQr2cs7d9ekAe8dyYtn
Some technical next steps will include further work related to electrum to be able to sign and broadcast raw transactions natively, as well as more somewhat confidential plans to bring some unique capabilities to our beloved Reddcoin.
Potential partnerships with a number of other cryptocurrency-related entities are being discussed, and we look forward to sharing details on some of that shortly.
Stay tuned to further official Reddcoin Core Team announcements on Twitter, Reddit, Reddcointalk and feel free to join the Slack and get involved! And keep those wallets open and staking.
Earn nearly 5% annually in Proof-Of-Stake mining, secure the network, and bonuses for specific blocks and activities to come!! Whomever the lucky Reddhead was who staked that block earned 25,000 RDD just for being part of the active network!
In the meantime, Reddheads, watch this space and STAKE ON!!