About ReeCoin:
ReeCoin is a peer-to-peer decentralized digital currency for ordinary people, easy to use and acquire. ReeCoin summarizes the best characteristics of digital currencies, which were issued earlier (Bitcoin, Peercoin), such as: increased security, fast consensus mechanism, and increased decentralization achieved by requiring miners to prove the knowledge of the transaction data.

Mining:
ReeCoin mining involves verifying transactions around the system by encrypting and decrypting transfers, carried out by other users. This process is deliberately made highly complex and time-consuming to reduce ReeCoin inflation. The complexity of each transfer's encryption increases proportionately to the number of people working on the transaction. It requires an extremely high-end computing setup, dedicated to the encryption and decryption process. These requirements have so far been sufficient to keep ReeCoin inflation in check. To control ReeCoin inflation further, the permission of a maximum of 7 Billion ReeCoin’s was implemented into the system. This also steadily reduces ReeCoin’s generation as the total number of ReeCoin’s in circulation increases. Based on the current generation rate, it is estimated that the total number of ReeCoin’s will be created and mined in 2100.

Obtaining ReeCoin’s

There are several ways to acquire ReeCoin’s:
1. by purchasing directly from other users at whatever prices they propose
2. by purchasing from ReeCoin exchanges and ATMs
3. by earning new ReeCoin’s via ReeCoin mining - carrying out tasks from the ReeCoin network

ATMs and Exchanges
ReeCoin exchanges and ATMs provide a considerable range of services and serve multiple purposes:
as depositaries to store ReeCoin’s as a wallet service to enable users to convert their fiat currency into ReeCoin’s
as an advanced trading exchange, in which users can trade between multiple digital currencies and fiat currencies.

Users are required to verify their identity in order to access these exchange services.

• Scrypt algorithm
• block generation time 90sec
• 7 Billion total amount of ReeCoin’s
• 6.650 million pre-mined
• 350 Million PoW/PoS
• Almost instant transactions
• Fast consensus mechanism
• Extreme security
• Low future inflation rate 1% (interest value)
• Efficient data retention
• High transaction confirmation frequency
• Energy efficiency
• P2P
• Hybrid POW/POS simultaneously phases.
• Stake’s minimum age is 12 hours.
• Maturity of blocks takes 350 blocks

Proof-of-Work & Proof-of-Stake Stages
      

• 1st year   - 2 coin’s - block
• 2nd year  - 4 coin’s - block
• 3rd year   - 8 coin’s - block
• 4th year - 10 coin’s - block

   

Website: www.ReeCoin.com
GitHub: https://github.com/Reecoin/Reecoin-Project
Block Explorer: http://reecoinexplorer.com/
Windows wallet: https://github.com/Reecoin/Windows-Wallet
Mac wallet: https://github.com/Reecoin/Mac-Wallet
Linux wallet: https://github.com/Reecoin/Linux-Wallet
Android wallet: https://github.com/Reecoin/Android-Wallet
Exchanges: Coming soon