HOPE

When new users begin with bitcoin and cryptocurrency, they experience a flood of unfamiliar emotions not normally associated with a simple monetary transaction. Fear, of course; uncertainty, insecurity, doubt, feelings of foolishness. Complicated concepts, hard ideas to grasp, and real money at stake. Reddcoin offers an alternative.

Reddcoin uniformly just works. It sends quickly, and usually for free, it delivers stake rewards often if unexpectedly, and the software has proven to be safe, secure and a workhorse.

It allows the userbase to help secure the network, to participate and earn staking rewards, and to engage in commerce on the blockchain in safety, and without the negative emotions above. It is in that emotional connection, in the genuine experience, that Reddcoin finds its home.

More specifically, why “Hope”?

Because our fork has allowed us to designate a “Reddcoin Restitution & Recovery Fund” with a percentage of anticipated funds. This tenth part of our funding is targeted at providing Hope and protection to our users by providing a mechanism with which lost coins, stolen coins, corrupted wallets, and others in genuine crisis, with no other options, may be made whole again by the grace of the network itself. While people always will make mistakes and errors, sometimes such things are literally out of the user’s hands to protect, and coins are lost or given to fraudsters in good faith.

While the nature of blockchain is such that without keys, those coins would be gone forever; the Reddcoin R&R Fund will allow a measure of Hope for such swindled users by, as appropriate, providing them with replacement RDD as a valued and valuable member of the community.

While we expect that some will attempt to abuse this new function and claim more than they are entitled to, we believe that transparent, open and honest accounting and activity on this front will dissuade many of the bad actors. In general, it is the team’s Hope that this will provide a safety net for otherwise irreversible and lost coins, for users that are human and sometimes make mistakes. It is in that spirit that we will evaluate claims and offer Hope of restitution to as many valid cases as resources allow.

Excitement, speed, immediate gratification of successful sends, the thrill of a stake reward, of interest on your holdings created fairly and distributed quickly. And all happening on the desktop, on a mobile phone or tablet, evolving past the heavy, ponderous, expensive mining equipment of the bitcoin and PoW era of coins, Reddcoin’s ecofriendly and efficient mechanism of securing the network (PoSV) has been, since its original activation in 2015, a unique and proprietary aspect of Reddcoin’s technology.

This tech allows anyone with a staking wallet to help secure the network and achieve a secure consensus on the blockchain without hard-to-use and expensive ASICs and other specialized hardware.

Reddcoin offers renewed Hope for a green future while still providing all the benefits of a state-of-the-art digital cryptocurrency, and with this enhancement of the protocol, Reddcoin as a decentralized entity offers Hope to those unable or unwilling to navigate the cryptosphere alone.

In addition, we believe that our planned changes act as an incentivization mechanism, enhancing staking rewards to induce more wallets to actively stake, thus ensuring a secure and fast network.

But also, that this will offer ReddHeads additional Hope in the sense of more return on their existing stake for that same network participation.

Please take a look at the published “Redd Paper” (www.reddcoin.com)for the details of this enhancement; the Core team Hopes that offering a new paradigm of enhanced rewards for all users at the expense of none and hewing closer to the originally designed network characteristics will make for an even more rewarding Reddcoin experience.