Reversecoin is the Worlds first cryptocurrency with ability to reverse transactions. For a configurable period of time, your transactions can be reversed, after which they get confirmed.
Wheather you use Linux, Android, Windows, Mac, online wallet or exchange to store your coins, sleep in peace knowing that your coins are secured by our novel TimeVault technology.
Reversecoin does not use any central or third party. It is completely distributed. For reversing transactions, the only requirement is that Reversecoin is not subjected to 51% attack.
Recent flood of attacks including Heartbleed, Shellshock, unpatchable USB malware etc ., demonstrate that anything and everything online, is hackable. Our survey of Stolen Bitcoins shows that about 300,000 BTC (worth about $100 million) have been stolen. Online wallets are hackable. Offline wallets offer great security, but are inconvenient to use.
Reversecoin combines best of online and offline wallets. With Reversecoin, you can transact seamlessly with your online wallet and fall back to offline wallet (cold wallet), when your computer, mobile, online account or exchange gets hacked. You can store your online wallet with your coin exchange or web wallet and keep your offline wallet with you. This way, even if your exchange or web wallets gets hacked, you will still be in control of your coins. No one can steal your Reversecoins, even if they know your online keypair. To know more about Reversecoin, read the white paper or even better, checkout the proof-of-concept code and play with it.
Install Reversecoin from PyPI, using pip:> pip install reversecoin
Checkout the proof-of-concept code at Github.
Read detailed instructions in the documentation.
NOTE: Reversecoin proof-of-concept is based on Bitcoinpy. Currently, it is sandboxed to a single computer and does not conenct to peers. Final version of Reversecoin will be based on Bitcoin code, using Proof-of-Stake (PoS) for mining.
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For more details about project or any inquiries, please contact us at email@example.com.