1.0ReddCoin - The Original Social Currencyhttps://wordpress.reddcoin.comKpcrypt0https://wordpress.reddcoin.com/index.php/author/kayp/rich600338<blockquote class="wp-embedded-content" data-secret="I3juYZIZwc"><a href="https://wordpress.reddcoin.com/index.php/2025/08/01/project-update-august-2025/">Project Update – August 2025</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://wordpress.reddcoin.com/index.php/2025/08/01/project-update-august-2025/embed/#?secret=I3juYZIZwc" width="600" height="338" title="“Project Update – August 2025” — ReddCoin - The Original Social Currency" data-secret="I3juYZIZwc" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://wordpress.reddcoin.com/wp-includes/js/wp-embed.min.js </script> https://wordpress.reddcoin.com/wp-content/uploads/2025/10/Project-update.jpg768512ReddCoin Project Update – August 2025 Massive update about everything Major Achievements • 6 Million Block Competition COMPLETE – Winner: Obito (6M RDD prize distributed)• SLEX IO Exchange LAUNCHED – July 30 with RDD/USDT & RDD/USDC trading pairs• ReddID Source Code RELEASED – Publicly available on GitHub for community contribution• Web3 Global Media Features – 2 X Spaces events reaching 7,500+ total listeners ⚠️ Exchange Ecosystem Changes:• SLEX IO: ✅ Live and operational with dual stablecoin pairs• Xeggex: ❌ Permanently closed (insolvency)• TradeOgre: ❌ Website offline, status unknown 🚀 Development Progress:• Protocol Enhancements: Segwit & CSV ready for activation• ReddID Phase 1: On track for Q4 2025 core wallet integration• Australian Crypto Con: Confirmed attendance November 2025 💡 Bottom Line: July delivered significant milestones with SLEX IO launch providing crucial exchange stability while ReddID development accelerates toward public release. 🔥 Major Announcements 🏆 6 Million Block Competition – COMPLETEDStatus: 🟢 Successfully Completed > The 6 million block guessing competition has been successfully completed with an enthusiastic community response. Final Results:Winner: Obito Congratulations! 🎉– Prize: 6 Million Reddcoin distributed– Participation: High community engagement– Block Reached: Block #6,000,000 (https://blockbook.reddcoin.com/block/32e82448e7b9b1813708f488dbf40558698c59b184871acfe397093bd8f7dd89) achieved on 17 July 2025 15:10:45 UTC Competition Impact:– Increased community engagement and excitement– Successful deployment of competition bot system– Valuable data gathered for future competitions– Strengthened community bonds through shared participation 🎙️ Web3 Global Media X Spaces Event – COMPLETEDStatus: 🟢 Successfully Completed   Live Twitter Space discussions with Web3 Global Media Event Ep.428: > “Is self-custody truly accessible to the average person or are we asking people to take on risks they aren’t equipped for? Can we design social recovery and community custody solutions that balance sovereignty with practical security?” – Platform: Web3 Global Media Ep.428 (https://x.com/web3globalmedia/status/1947661817938932029)– Attendance: ~4,100 listeners– Recording: Available for replayTopics Covered: Selfcustody, security, community solutions Event Ep.434: >How much control should projects give up in exchange for “order book depth”?Can projects build community trust while deeply coordinating with CEX and MM entities? John (cryptognasher) Nash, [1-8-2025 06:12](2/6) – Platform: Web3 Global Media Ep.434 (https://x.com/web3globalmedia/status/1950596529200226596)– Attendance: ~3400 listeners– Recording: Available for replay– Topics: Community Impact:– Significant exposure to new audiences– Thought leadership in crypto security discussions– Enhanced project credibility and visibility– Valuable networking opportunities established   📊 Exchange Developments 🚀 New Exchange Integration – COMPLETEDStatus: 🟢 Successfully Completed 🎉 Major Achievement: Reddcoin Now Live on SLEX IO> Successfully launched on July 30, 2025 with dual stablecoin trading pairs! Exchange Launch Details:– Exchange: SLEX IO (https://slex.io/)– Launch Date: July 30, 2025– Status: ✅ Fully operational and trading– Integration: Completed successfully with zero issues Available Trading Pairs:RDD/USDT Tether (USDT) trading pairRDD/USDC USD Coin (USDC) trading pair Launch Success Metrics:– Seamless integration completed ahead of expectations– Both stablecoin pairs immediately active and functional– Strong initial trading volume and community engagement– Zero technical issues during launch phase– Professional exchange environment established Technical Implementation:– Current Architecture: P2SH addresses for maximum compatibility and stability Future Enhancement Opportunities:– Segwit Integration: Available as future core wallet feature for enhanced functionality– Additional Trading Pairs: Potential expansion based on trading volume and demand– Advanced Features: Exploring additional trading tools and platform enhancements Community Benefits:– Direct Stablecoin Access: Trade directly with USDT and USDC– Enhanced Liquidity: Improved trading opportunities and market depth– Market Credibility: Professional exchange presence strengthens project reputation– Global Accessibility: International trading platform with robust infrastructure Strategic Impact:This successful launch represents a significant milestone in Reddcoin’s exchange ecosystem expansion, providing the community with professional trading infrastructure and direct access to major stablecoins.   ❌ Xeggex Exchange Status Update Current Status: 🔴 Permanently Closed Official Statement Reminder:> Due to the hack in February and other recent issues, XeggeX has shut down and filed for insolvency. Key Points:– Website remains offline permanently– No user asset recovery mechanisms provided– Serves as reminder of centralized exchange risksReinforces importance of selfcustody principles   ❌ TradeOgre Exchange Status Update Current Status: 🔴 Website Down TradeOgre exchange continues to remain offline, with no details from the operator. Official Statement:> None Provided Reddcoin Position:We continue to emphasise the importance of holding your own private keys and minimising exposure to centralised exchange risks. We are excited that we have achieved a listing on Slex.io, but users should remain vigilatnt. Network Protocol Enhancements Status: 🟡 In Progress Current Development Focus:Segwit Implementation: (BIP 141/143/147) Segregated Witness– Separates transaction signatures from transaction data– Progressing alongside exchange integration– Status: 🟢 Ready for activation (code present)CSV (CheckSequenceVerify): (BIP 68/112/113) Relative Lock-TimeEnables relative locktime via sequence numbers– Status: 🟢 Ready for activation (code present)Taproot Integration: (BIP 340342) – Schnorr & Script Trees– Research and compatibility assessment phase– Status: 🟡 In Progress Implementation Strategy:– Phased rollout approach to ensure network stability– Comprehensive testing on testnet before mainnet deployment– Testnet Segwit and CSV already enabled– Community education and preparation initiatives– Backward compatibility maintained throughout transition   🆔 ReddID Development Update Status: 🟢 Strong Development Momentum 🚀 MAJOR ANNOUNCEMENT: ReddID Source Code Now Available> Current ReddID development source code is now publicly available for community review, testing, and contribution! Source Code Access:GitHub Repository: Reddcoin ReddID Branch– Release Status: 🟢 Current development source availableAccess Level: Public Open for community contribution and reviewLicense: Open source consistent with main Reddcoin project What’s Included in the Source Release:– Core ReddID implementation code and architectureAuctionbased ID allocation systemMarketdriven allocation mechanisms– Integration interfaces for wallet and external services– Comprehensive testing framework and test cases– Developer documentation and setup guides– API specifications for ecosystem integration Community Benefits:– Full Transparency: Complete visibility into ReddID development progress– Open Collaboration: Community developers can contribute improvements and features– Early Testing: Advanced users and developers can test and provide valuable feedbackSecurity Review: Communitydriven security auditing and peer code review– Innovation: External developers can build complementary tools and services Major Progress Achievements:> ReddID development continues its strong comeback with comprehensive documentation, clear implementation roadmap, and active development progress. – Comprehensive Documentation: Extensive technical and user documentation completedGetting Started Guide: ReddID Getting Started– Developer Resources: Full technical specifications and implementation guides availableCommunity Tutorials: Userfriendly guides for early adopters– Source Code: Current development branch publicly available for review and