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ReddCoin 2023 — The Year In Review, A “Redd-Trospective”

Tech Adept
14 min readJan 4, 2024

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ReddCoin (RDD) — The Original Social Cryptocurrency — www.reddcoin.com

Project Redd, A Social Movement, Powered by ReddCoin — www.redd.love

Overview

As one of the original and “first generation” altcoins, launched in 2014, and converted to Proof-Of-Stake in 2015, ReddCoin remains operational and breaking new technological ground almost ten years later, as one of the few projects of that era still developing tech and code, wallets and apps, integrating new aspects and concepts as quickly as possible to allow ReddCoin to shine as a payment system for the future.

  • As an all-volunteer, open source, non-ICO, self-funded cryptocurrency project, ReddCoin is among the vanishingly few projects that is not organized around a profit-driven corporate entity or pack of key “insider” investors with piles of tokens.
  • Quite the opposite, ReddCoin and its dev team put forth a simple value proposition; we all benefit only if we ALL benefit.
  • ReddCoin is sustained not just by donations from the community, but by a small amount of RDD directly from the PoSVv2 protocol, block by block to support required operational costs, and hopefully one day, to pay salaries for devs.
  • If RDD’s price goes up & the coin becomes more valuable due to the mechanisms and mechanics of the economic flow in crypto, more value can be applied to promoting and operating the project itself.
  • At the same time, users benefit themselves by staking and earning rewards simply in exchange for operating the ReddCoin wallet & assisting (as a validator/staker) keeping the network secure through the regular operation of the wallet.

All of this is entirely separate from the actual reason ReddCoin (RDD) is so well suited for the “social media” world we find ourselves in today.

With low to ZERO fees (for simple tx’s), a block time 10x faster than BTC, and plenty of coins to share, RDD is ideal for small, fast transactions, rewarding social media voices, and the value emitted by content creators, in a way that to this exact date, has never been satisfactorily achieved. Can you tip, or pay, or send money across the network? Yes, in a few different ways…but in every single one, someone stands there to take a piece of that value away, to centralize, to be a middleman, and add nothing, but subtract pieces.

ReddCoin stands in opposition to that “just the way the world works” system…to build a new paradigm in order for us all to say that if you create value, you should receive that value, in as full a form as possible. Fundamentally, that is how all ReddCoin Core and other RDD-enabled technology is built to work, and is a central aspect of both the ReddCoin philosophy, and the way our technology operates.

Basic information about the ReddCoin (RDD) cryptocurrency project and the new social movement “Project Redd”.

  • We invite you to read the ReddPaper (ReddCoin’s ‘white paper’, located here, which details our industry unique Proof-of-Stake-Velocity v2 consensus protocol and social contract: The Redd Paper v2
  • We also recommend reading our ReddBook, a document written to summarize and explain the ideas behind the formation of a social movement that has emerged from the set of particular values and ethics that have come together to form ReddCoin and the ReddHead community over the last ~10 yrs. This document introduces the reader to the ReddCoin project and its mission to create a fair and inclusive social movement. It outlines the various topics covered in the document, including what Redd is, the core principles and values that drive the Redd movement, and Redd’s organizing principles. It also creates a framework for the Redd movement to ensure its success and provides a minimum set of “rules of the road” to ensure that ReddHeads can coexist and create something to be proud of. The document concludes by encouraging readers to join the Redd movement and help create and maintain its success.The Redd Book — see also https://t.me/TeamReddcoin/415

Special Note to the ReddHead community: We acknowledge this update has been a long time coming. In bringing out this summary information more widely as to what the team, project and coin have been working towards throughout the last year, we hope to rejuvenate our project, to drive the acceptance and use of ReddCoin (RDD), and encourage potential partners to integrate and use RDD with us.

We hope that all ReddHead community members will not only be thrilled to read, hear and try the various steps forward that ReddCoin as a project is making and will make in 2024 and beyond, but more importantly, that you will SHARE and TRANSLATE and TEACH newcomers, and others in the community and beyond.

That is the spirit and essence of ReddCoin as well as Project Redd, and can only come to fruition if we all pitch in and do our tiny part. The sum of all of that is far more than the bits that make it up, and as a community, we can either succeed or fail together. Even something as simple as a retweet, a like, a tip, or a mention, and that little effort is something we all can do, in exchange for the benefits, both staking, payment, and other, that ReddCoin has to offer. Now, on to the update…

https://t.me/ReddcoinOfficial — Telegram Live Chat with dev team and Reddheads!

Reviewing Team Achievements, end of 2022->2023:

  1. June 22, 2022 — ReddCoin Live — a Tour of the ReddCoin project by project leader TechAdept, YouTube: https://youtu.be/hwYZN8Ud14M
  2. July 25, 2022 — Beta testing kicks off for ReddCoin Core wallet v4.22.4
  3. July 26, 2022 — @Cointopay A longstanding crypto resource for utility payment conversions. Referral link for Redd team: cointopay.com/?r=25666
  4. July 31, 2022 — ReddCoin Live Discord — Video events hosted live in the Discord community channels with the dev team https://discord.gg/UHrCGKWT
  5. August 1, 2022 — ReddCoin integrated on https://ex.xbts.io/market/XBTSX.RDD_BTS
  6. August 8, 2022 — ReddCoin begins exploring “wrapped ReddCoin” token implementation
  7. August 12, 2022 — ReddCoin partners with Blockchain Financial https://blockchainfinancial.com/
  8. August 13, 2022 — New RDD Faucet launched at Blockchain FInancial — https://blockchainfinancial.com/faucets/reddcoin_rdd_core_faucet
  9. September 6, 2022 — ReddCoin Core Wallet — Alpha Release 4.22.5a2 — Mnemonic Seed Phrase Support (BIP39/44) — https://download.reddcoin.com
  10. September 20, 2022 — ReddCoin partners with SmallCap Network — https://twitter.com/smallcaptoken/status/1572337963031269376
  11. September 27, 2022 — ReddCoin included in TokenMarketCap.org analytics — https://www.tokenmarketcap.org/2022/09/reddcoin-rdd.html#
  12. September 29, 2022 — Reddcoin Core version 4.22.5 alpha 3 is now available from: https://download.reddcoin.com/bin/reddcoin-core-4.22.5/alpha3/ announced here: https://t.me/ReddcoinOfficial/1865558
  13. September 29, 2022 — Issue tracker for new ReddCoin Core wallet development established at https://github.com/reddcoin-project/reddcoin-0.22/issues
  14. October 22, 2022 — Crex24 announces removal of trading on numerous coin projects including RDD.
  15. November 14, 2022 — Twitter Tipbot relaunched with tip promotion efforts and social media push.
  16. November, 2022 — CoinLib publishes ReddCoin reference article: https://coinlib.io/newsroom/guides/how-and-where-to-buy-reddcoin-rdd-an-easy-step-by-step-guide/
  17. December 14, 2022 — Released new ReddCoin Core version, 4.22.5rc1. Wallets available for download at https://download.reddcoin.com/bin/reddcoin-core-4.22.5/rc1/
  18. December 15, 2022 — Hosted ReddCoin Twitter Space AMA 4.22 Wallet features and roadmap for beginning of 2023: https://twitter.com/i/spaces/1yoKMZYloVeGQ?s=20
  19. January 7, 2023 — New Space for the New Year — ReddCoin (RDD), #Crypto #Decentralized Tipping Mastodon, ActivityPub
  20. January 10, 2023 — Team appeared on hosted “Awesome World” Space to talk about ReddCoin past present and future. https://youtu.be/puyd19L4iK4 https://twitter.com/awesomeisjayell/status/1612893256924205080?
  21. January 2023 — Telegram Community-led EarnRedd/TipRedd efforts begin https://t.me/earnredd
  22. January 14, 2023 — StakeCube halts all withdrawals including RDD https://stakecube.info/important-announcement/
  23. January 20, 2023 — ReddCoin listed on a new exchange, Xeggex.com — Team referral link to join Xeggex exchange: https://xeggex.com?ref=63c9817822199a6efbdf324b
  24. January 27, 2023 — ReddCoin turns 9 YEARS OLD!!! HAPPY BIRTHDAY, REDDCOIN!! https://twitter.com/teeroni/status/1618853675786706944
  25. February 1, 2023 — ReddCoin signs on to public effort to protect privacy — https://news.bitcoin.com/60-organizations-launch-campaign-urging-us-congress-to-protect-privacy/
  26. February 1, 2023 — ReddCoin joins in signing open letter to United States Congress organized by “Fight for the Future” — https://www.fightforthefuture.org/news/2023-01-09-open-letter-for-the-sake-of-freedom-and-democracy-incoming-lawmakers-must-defend-privacy/
  27. February 7, 2023 — ReddCoin launches “Mastodon Redd” at https://redd.live, a customized ActivityPub client to enable ReddCoin integration into the Fediverse protocol and the universe of apps for it. https://t.me/ReddcoinOfficial/1891264
  28. February 8, 2023 — https://paperwallet.top/ announces ReddCoin support for offline “paper wallet” generation, and cold storage.
  29. February 11, 2023 — StakeCube announces new trading pair added, RDD/BUSD https://twitter.com/stakecube/status/1624379900311347200
  30. February 17, 2023 — Another ReddCoin Live Twitter Space with the Core team — “ReddCoin (RDD) Devs — Crypto tipping, identity, Fediverse & Web3” https://twitter.com/i/spaces/1djGXlZprbBGZ to listen to recording.
  31. March 6, 2023 — ReddCoin Core Team — Pop-Up Dev Talk — https://youtube.com/live/AbtgfOLUvOs
  32. March 13, 2023 — Voting kicks off for listing on Mercatox https://mercatox.com/coins/list?name=rdd
  33. March 31, 2023 — Bittrex.com announces closing operations in USA — https://bittrex.zendesk.com/hc/en-us/articles/10080271948701
  34. April 18, 2023 — ReddCoin Core team releases updated v3.10 wallet, preserving backward compatibility and ensuring required fixes and security issues are addressed.: https://blog.redd.love/reddcoin-core-v3-10-6-april-2023-release/ https://www.reddit.com/r/reddCoin/comments/12r4mhu/reddblog_reddcoin_core_wallet_v3106_april_2023/
  35. May 4, 2023 — ReddCoin Live Dev Call — https://youtu.be/eaWfo_ilZ0E via YouTube — @TechAdept & @CryptoGnasher discuss technical detail of integration with Komodo Platforms brilliant bit of blockchain DEX technology, the AtomicDEX.
  36. May 26, 2023 — Bittrex Global (still operating after Bittrex US shut down) announces a change to ReddCoin’s trading pairs from USDT/RDD to RDD/BTC on June 7: https://twitter.com/reddcoin/status/1660321463147044865
  37. June 5, 2023 — Komodo team announces integrated support in AtomicDEX for ReddCoin (RDD) — https://twitter.com/KomodoPlatform/status/1665684324665155584
  38. June 12, 2023 — ReddCoin subreddit on Reddit.com “goes dark” in solidarity with developers and mods being mistreated and shut out. https://www.theverge.com/2023/6/5/23749188/reddit-subreddit-private-protest-api-changes-apollo-charges
  39. June 18, 2023 — ex-ReddCoin dev “Coldie” invites the ReddCoin community to participate in SnoopDogg NFT contest. https://coldie3d.io
  40. June 19, 2023 — J. de Vries & TokenWhistle announce ReddCoin integration into “Red Envelopes” on https://TokenWhistle.com — https://medium.com/@tokenwhistle/reddcoin-listing-on-tokenwhistle-claim-reddcoin-envelopes-and-embrace-social-cryptocurrency-cc7b75eff4a3 https://twitter.com/reddcoin/status/1670847622855245848?t=hcRXwnPtmtiWQ61htQWZqg&s=19
  41. June 22, 2023 — ReddCoin reminds users that https://forgingblock.io is a viable payment gateway solution for using RDD in webshops, e-commerce and other transactions. Same reminder for “GoURL” https://gourl.io/reddcoin-payment-gateway-api.html
  42. June 27, 2023 — ReddCoin announces Blockchain Financial’s peer-to-peer marketplace integration and features: https://blockchainfinancial.com/exchange?offset=&all=&type=buy&minor=RDD&market=
  43. July 2023 — ReddCoin Social Media & Dev team begin concentrated effort to share content across all social platforms.
  44. July 12, 2023 — CoinMarketLeague sponsors contest with ReddCoin — https://twitter.com/CML_Crypto/status/1679019176231354373?s=20
  45. July 19, 2023 — “Ratings” Wiki page improved and released: Visit here and rate ReddCoin! https://wiki.reddcoin.com/Ratings#Ratings_with_Reddcoin
  46. July 31, 2023 — Securus Wallet launches into Beta testing, with support for RDD, DGB and other fantastic projects. Created by members of the DGB community with loving support for RDD as well. https://twitter.com/cardon_saguaro/status/1685317276961255429 https://twitter.com/SecurusWallet/status/1636850064596279298
  47. August 2, 2023 — eNor Securities announces ReddCoin integration into both OTC and spot trading markets. https://twitter.com/enorglobal/status/1686808860449718275
  48. ReddCoin Telegram TipBot — https://wiki.reddcoin.com/Reddcoin_Telegram_bot
  49. August 11, 2023 — ReddCoin technology and blockchain spotlighted in https://m.youtube.com/watch?v=AsRdAzeCXRA “A Hut8 Techtorial on How to Tip Reddcoin on Telegram”
  50. August 12, 2023 — ReddCoin Core team issues appeal for translators, anyone able to assist in translating from English to other languages for inclusion in Redd products: https://explore.transifex.com/reddcoin/reddcoin/
  51. August 20, 2023 — REDDCOIN REACHES 5 MILLION BLOCKS!!!
  52. August 22, 2023 — @ReddcoinTipping account launches on Telegram to gather ReddHeads and focus tipping power. Members of the team were involved, but not an “official” effort, just great ideas and collaboration!!
  53. August 24, 2023 — CryptoGnasher and TechAdept host a Telegram Live videochat — https://t.me/ReddcoinOfficial?videochat=b6f3ee8e7182d569a5
  54. September 6, 2023 — ReddCoin goes live on BlueSky Social (https://bsky.app) Profile and feed can be found at https://bsky.app/profile/reddcoin.bsky.social (ReddHeads may be able to obtain a BlueSky invite from the ReddCoin team if they ask nicely. We have a few codes we’d love to share.) https://twitter.com/reddcoin/status/1699501049403277780
  55. September 7, 2023 — ReddCoin Dev Team live on video in Telegram channel: https://twitter.com/reddcoin/status/1699712863554736145
  56. September 9, 2023 — ReddCoin sponsors #esports driver and the Red(d) Velvet Thundercat! https://www.twitch.tv/initesports?sr=a
  57. September 18, 2023 — Our partners at MyCointainer https://twitter.com/mycointainercom/status/1703834329900552233?t=BzfTjvI0ZRwCXra41hikNQ&s=19
  58. September 23, 2023 — “How can I get involved with Redd? How can I help? — https://t.me/ReddcoinOfficial/1941013
  59. October 6, 2023 — Blockchain Financial announces RDD available: https://blockchainfinancial.com/reddcoin_is_now_available
  60. October 10, 2023 — ReddCoin Core announces release of Core Wallet 4.22.5rc2 resolving more discovered issues, adding features and improving sync and speed. https://download.reddcoin.com/bin/reddcoin-core-4.22.5/rc2/ https://github.com/reddcoin-project/reddcoin-0.22/wiki
  61. October 22, 2023 — ReddCoin publishes on Linkedin: https://www.linkedin.com/pulse/join-reddcoin-revolution-ignite-change-crypto-world-reddcoin
  62. November 14, 2023 — ReddCoin Core announces process underway to digitally sign all new wallets (Microsoft Windows, Apple iOS, and others) and code moving forward to ensure safety and security.
  63. November 20, 2023 — Bittrex Global announces they will be shutting down completely. Reddheads alerted to remove assets. https://cryptonews.com.au/news/bittrex-global-to-shut-down-operations-all-trading-to-be-stopped-112670/
  64. November 21, 2023 — ReddCoin Core team announces community support Patreon https://patreon.com/reddcoin for direct support of ReddCoin’s operational costs and work. If you’d like to also support the ReddCoin project and our all-volunteer efforts, please feel free to donate to the Patreon, or in Telegram with the /donate command for the tipbot.
  65. December 1, 2023 — Bittrex Global shuts down operations and trading.
  66. December 12, 2023 — Finally, the public release of the ReddCoin Core v4.22 wallet is here! Digitally signed and sealed for use in secure app stores and computing environments, and boasting of vastly improved sync times, multiple wallet support, BIP39 and other standards around key handling, seed phrases, mnemonics and much more.
  67. December 15, 2023 — Updated documentation, guides and walkthrough on new v4 wallet features, usage, and FAQ being recorded, written and released. Work proceeding on ensuring all ReddCoin partners running Core wallet software is able to upgrade to v4 without issue.
  68. December 20, 2023 — ReddCoin Core Wallet 4.22.7 released to incorporate immediate issue fixes, sync, and other minor patches.
  69. December 29, 2023 — ReddCoin Spot price on Coinmarketcap reaches $430 per RDD, for a total market cap of approximately 10 Trillion dollars.

A note from the Redd Team on this: While utterly insane to watch, and fantasize about, and certainly not to be taken as an actual reflection of current value of RDD (and based on a small amount of volume from one exchange after Bittrex was removed from price discovery), this actually does highlight the point that with interest and activity in the project, we are no longer held back in growth.

Did RDD’s price go that high legitimately? Well, sort of.

However, the real takeaway, in our opinion, is this: As we expand into new and different exchanges, the issues that have affected the trading aspect of our ecosystem seem to be falling away. We shall view this pop in price, attention and value as a sign of things to come, and will redouble our efforts to bring ReddCoin to the world, enabling everyone, everywhere to access the value of their own creations and content, and be rewarded for them. It’s a simple concept, but it’s a powerful one.

What’s happening with ReddCoin in 2024?

ReddCoin Core has a number of key strategic efforts underway for the new year:

ReddCoin Core Wallet

  • Feature activation (Segwit, Taproot, BIP versions)
  • Core v.22 continues its evolution
  • User Interface (UI) Redesign/upgrade for Core Wallet
  • Capability enhancements to accept ReddMobile/ReddID records and data

ReddMobile — Decentralized Social Media Tipping and Name Management.

  • Main development focus of 2024
  • Incorporating available open-source components for identity, social network linkage, profile management,
  • ReddMobile is a synthesis of these combined with the ability to easily store, use and account for your RDD holdings.

ReddCoin DeFi

  • Wrapped ReddCoin
  • Metamask Snap extension
  • Redd Bridge.
  • wRDD — DEX, LP & trading

Community funded marketing/promotion wallet

  • Set up by a group of community members working hand-in-hand with dev team members, there is now a wallet donation address that is used solely for marketing and promotion on social media:

Rkt1WV3mBDekS8kyHaurRKB7RUEYKY2raF

  • The donated RDD are stored safely and are only used for this purpose. To give ReddCoin a larger reach on social media, they have also created a separate ReddCoinTipping account which can be used to tip and rain ReddCoin to stimulate other members in joining, sharing and liking messages on multiple platforms. Demonstrating how RDD works while rewarding ReddHeads directly is exactly what the ReddCoin project is all about!
  • Users can join the EarnRedd Telegram( t.me/earnredd ) group to find tasks that will reward them with an amount of RDD after completing a few easy steps. These tasks can be created by either ReddCoinTipping, team members, but also anyone else that feels the need of having their social media outings promoted.

Redd Ecosystem

  • Exchange listings — NovaExchange & BitNorm in January, negotiations taking place with numerous other platforms and wallets. More to come as our development efforts take hold.
  • ReddCoin.com Website onramp/offramp for purchase/redemption of RDD.
  • Relaunch of the ReddCoin.com website with updated content and connectivity to showcase the Redd Ecosystem
  • Redd AI and a few new ReddBots.

Partnership & Integration development

  • ReddCoin’s evolving partnerships and RDD’s integration into other platforms for use, finding ways to leverage what RDD can do. We’ve established partnerships across the space that are expanding ReddCoin’s reach and recognition into new spaces.

Some of these include:

Each partner will be visible on our about-to-be-released revamped and rebuilt website at reddcoin.com along with details and links.

ReddCoin Web Presence and Social Channels

  • As mentioned, and noted in public, the https://reddcoin.com site has suffered from a “lock-in” design that made updates quite difficult. Despite all of the activity and happenings from the ReddCoin dev team over the last year, you may note that our website has stayed essentially static. Well, that’s about to change. Look for an announcement in the new year as we relaunch our website as more of a valuable and available reference site, to pull together and (sorry) centralize information and resources about ReddCoin, our partners, technical resources and details of network activity and much more.

As a final note, we’d like to encourage any community members who feel inspired by the work, by our message, and the possibilities to feel welcome to step up and join in. You don’t have to be an expert, a genius, a top-level coder, or a blockchain ‘savant’. Just the will, the desire, and the energy to get into it; let one of the admins know by email to info@reddcoin.com and stay tuned on all channels for more great things coming as we launch into a new year of 2024, and ReddCoin’s 10th birthday!!

Reddcoin
Cryptocurrency
Blockchain
Staking
Social Media

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Tech Adept

Written by Tech Adept

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