Hashing algorithm Redcoin

Redcoin information

Redcoin is a type of crypto currency, which can be spent and traded just like any other currency. However the main difference is unlike bank issued currencies, redcoin has no central authority or anyone controlling redcoin. Redcoin is controlled only by its users.

The two main ways to get Redcoins are by Mining them, or trading them.
All transactions are stored in what’s called a blockchain. Redcoin miners are people who are giving their computer power to support the redcoin network, compute the mathematical equations and store the blockchain. They are paid what’s called "mined coins". Depending on how much computer power they give to the network, determines how many coins they will receive.

Mined coins are generated 50-150 every 1 minute. Also, every time you send coins, you pay a small transaction fee (0.001%) this is also paid to the miners. If you want to mine Redcoins, you need a computer with at least 1 good Graphics card. Although it’s possible to mine Redcoins without a graphic card, just with CPU power, it’s about 20 times less speed of using a GPU card, so this is why most people would use GPU.

Specifications

Algorithm: Scrypt
Block Time: 1 minute
Re-targets: every 20 blocks
6 confirmations for transaction
50 confirmations for minted blocks
50-150 coins per block, randomly
Bonus blocks of 500-1000 coins
Super blocks of 5000-10000 coins
Transaction Messaging

Block Explorer

Redcoin Block Crawler

Ports

P2P Port: 11631
RPC Port: 11632

Pools

Szb Pool

Dedicated Pool

Downloads

Desktop Wallet
Redcoin

Source Code

GitHub/Redcoin

Services/Other

Gambling

Merchants

Faucet

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