Steemit versus Redcoin and why Steemit is winning

in #steemit • 8 years ago (edited)

Steemit 

is a new social media platform built on the Steem blockchain where the community rewards individuals for their posts, comments and votes, co-founded by Ned Scott, CEO, and Daniel Larimer, CTO of Steemit and founder of Bitshares.

Underneath the hood of Steemit.com there is a tradeable cryptocurrency token, called Steem, and it's performing well on the US-based exchange, bittrex.com, and blockchain-based exchange openledger.info. With Steemit.com, posts, comments and votes are immutable.  Attribution is a given. Accreditation is not taken for granted. And community appreciation is an actual reward.


REDCOIN (RED)

- 1 minute block time
 - Difficulty retargets every 20 blocks (or 20 mins)
 - Total coins will be around 329 millions, Every 3 years, the prize halves
 - 6 confirmations for transaction
 - 50 confirmations for minted blocks
 - Normal blocks are 50-150 coins per block, randomly.
 - Every 500 blocks there is a bonus block with 500-1000 coins.
 - super blocks of 5000-10000 coins on average every 20,000 blocks.
  - The default ports are 11361(Connect) and 11362 (RPC).
 - Transaction Messaging
 

#steem #redcoin #ethereum #bitcoin
8 years ago in #steemit by
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