ReddCoin - Image Courtesy of ReddCoin

ReddCoin

(RDD)
Reddcoin is a blockchain-based cryptocurrency for social media as a coin that can be used to tip or payments to content creators through their social media channels. Reddcoin is utilized by ReddID wallet through Proof of Stake Velocity (PoSV) which punishes inactive nodes and rewards the active nodes through the user’s RDD balance.
CURRENT VALUATION
380 mln
THE HIGHEST VALUATION
40 bln
CURRENT YEARLY RETURN
5.15%

Interesting Facts

  • Reddcoin generates blocks for only 60 seconds which is ten times faster than that of Bitcoin’s block propagation.

  • Reddcoin was tagged as the first original social cryptocurrency that tips and pays content creators in social media.

  • Redd-ID is a unique service provided by the network which allows users to create their own username including public keys and social network identities.

  • Transparency is one of the main goals Reddcoin opt to provide to its users as well as having confidence in Reddcoin products and be filled with excitement in every usage.

Project in a nutshell

Reddcoin is known to be the social currency that enriches a person’s social life and get access to digital currency easily. Reddcoin aims to attain this by incorporating a digital currency platform seamlessly with major social networking sites to make transacting online fun and rewarding for everyone.

REDD is the token for Reddcoin which can be used to invest digital assets online or as payments for online transactions or it can also be used for exchanging cryptocurrencies.

Reddcoin is a fork of Litecoin that has a really fast transaction time and block propagation.

Which exchanges is this coin listed on?

CONTENT BELOW SUITED FOR MORE ADVANCED USERS

More in-depth review of the project

Reddcoin has various application program interfaces as well as user-interface to make payments or tipping on social media quicker and easier. Reddcoin offers a unique global platform that opens up new possibilities for human social behaviors and their means of transactions both traditionally and digitally.

Proof of Stake Velocity is used by Reddcoin as an alternative over to the usual Proof of Stake and Proof of Work consensus algorithm to secure peer to peer network and confirm transactions while facilitating social connections in the digital age.

PoSV is designed to encourage both ownership and activity which directly conforms to the main functions of Reddcoin in the role of a real currency either used as a store of value or medium of exchange.

Future plans

  • Reddcoin Store: launching an e-commerce store to handle the transaction of Reddcoin commodities, special collectibles, and the likes.

  • Develop the Reddcoin Wiki to give information towards the public on the know-hows of Reddcoin and become the first choice for every user.

  • Design and initiate testing of a supernode technique to support Redd-ID related services via distributed nodes and fully decentralized services.

  • RDD outreach tackles on expanding localized Reddcoin conducting social outreach to spread awareness and goodness to the community.

ReddCoin - Image Courtesy of ReddCoin
Get ahead with simple crypto investments now
Get started