Copyright (c) 2009-2014 Bitcoin Developers Copyright (c) 2011-2014 Litecoin Developers Copyright (c) 2014 Reddcoin Developers
On 2nd August 2014 at block 260,800 Reddcoin transitioned to its own original Proof-of-Stake-Velocity (PoSV) algorithm which replaced Proof-of-Work (PoW).
- 1 minute block target
- just under 27 billion mined in PoW phase
- 5% annual interest in PoSV phase
- difficulty retarget: every block using Kimoto's gravity well
- white paper: http://www.reddcoin.com/papers/PoSV.pdf
- FAQs paper: http://www.reddcoin.com/papers/PoSV_FAQ.pdf
Reddcoin first started in January 2014 as a variant of Litecoin using Scrypt as the Proof-of-Work (PoW) hash algorithm.
- 1 minute block target
- 100,000 coins per block
- subsidy halves every 500,000 blocks
- subsidy halves every 50,000 blocks starting at block 140,000
- difficulty retarget: every block using Kimoto's gravity well
For more information, as well as an immediately useable, binary version of the Reddcoin wallet client, please visit http://www.reddcoin.com.
Reddcoin is released under the terms of the MIT license. See COPYING for more
information or see http://opensource.org/licenses/MIT.
Developers work in their own trees, then submit pull requests when they think their feature or bug fix is ready.
If it is a simple/trivial/non-controversial change, then one of the Reddcoin development team members simply pulls it.
If it is a more complicated or potentially controversial change, then the patch submitter will be asked to start a discussion (if they haven't already) on the appropriate channels.
The patch will be accepted if there is broad consensus that it is a good thing.
Developers should expect to rework and resubmit patches if the code doesn't
match the project's coding conventions (see doc/coding.txt) or are
controversial.
The master branch is regularly built and tested, but is not guaranteed to be
completely stable. Tags are created
regularly to indicate new official, stable release versions of Reddcoin.
Testing and code review is the bottleneck for development; we get more pull requests than we can review and test. Please be patient and help out, and remember this is a security-critical project where any mistake might cost people lots of money.
Developers are strongly encouraged to write unit tests for new code, and to submit new unit tests for old code.
Unit tests for the core code are in src/test/. To compile and run them:
cd src; make -f makefile.unix test
Unit tests for the GUI code are in src/qt/test/. To compile and run them:
qmake BITCOIN_QT_TEST=1 -o Makefile.test bitcoin-qt.pro
make -f Makefile.test
./reddcoin-qt_test