What's PoSV?
Proof of Stake Velocity (PoSV) is proposed as an alternative to Proof of
Work (PoW) and Proof of Stake (PoS) to secure the peer-to-peer network
and confirm transactions of Reddcoin, a cryptocurrency created specifi-
cally to facilitate social interactions in the digital age. PoSV is designed to
encourage both ownership (Stake) and activity (Velocity) which directly
correspond to the two main functions of Reddcoin as a real currency: store
of value and medium of exchange