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Coin Watch: What Has ReddCoin Been Doing These Days? - Global Coin Report
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Coin Watch: What Has ReddCoin Been Doing These Days?

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ReddCoin
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While Bitcoin is the largest cryptocurrency in the market, it is one of the most controversial coins in the present time. With Bitcoin’s price hitting a low, the cryptomarket plunged into a major depression. Bitcoin, which uses the proof of work algorithm to regulate the blockchain operations, has been supplanted by many other improved blockchain projects, which more advanced algorithms, such as proof of concept and proof of stake. Regulated by the advanced proof of stake velocity (PoSV) algorithm, ReddCoin is much more than social currency. Representing the next generation of blockchain technology, ReddCoin caters to the all the functions pertaining to ownership (stake) and activity (velocity).

Derived from Litecoin, this renowned peer-to-peer open source cryptocurrency can be integrated into all kinds of social media platforms. With the motto of becoming “the social currency that enriches people’s social lives and makes digital currency easy for the general public,” ReddCoin represents the social media coin in the digital age. Operational since 2014, ReddCoin has experienced a steady growth across all digital platforms, from Reddit to Twitter. If you are missing out on the latest news on this formidable altcoin, here’s an insight into how it has been performing in the recent time.

The Technology behind ReddCoin

When compared to the existing PoW and PoS protocols, the proof of stake velocity (PoSV) offers more competent solutions to users, building upon the advantageous attributes of PoS to mitigate the flaws in the earlier algorithms. Apparently, the PoW and PoS algorithms come with a number of flaws, including the disconnect between the economic and social aspects of a currency. Encouraging ownership and activity, the PoSV algorithm leverages the advantages of the existing protocols to develop a more advanced blockchain solution for social media applications.

  • ReddCoin: the Online Tipping Currency

Developed with the aim of bringing the cryptocurrency closer to social media and the masses, ReddCoin was not built to draw wealth from various sources, but rather to serve as a quintessential tipping currency. ReddCoin followers have the opportunity to use the currency for tipping campaigns on Twitter, targeting followers with backgrounds in cryptocurrencies. Similarly, Reddit users can tip ReddCoins in appreciation of interesting posts and comments on the ReddCoin community. Besides, the ReddCoin followers can tip RDD coins on Twitter appreciating relevant posts.

  • ReddCoin Broadcast

As an attempt to make a foray into the mainstream social media, the ReddCoin executives introduced the ReddCoin Broadcast feature in April 2014. Serving as a Thunderclap-like platform, ReddCoin Broadcast is a powerful medium for sending messages across prominent social media channels, including Facebook, Twitter, and Tumblr. As for the ReddCoin community members, they can deploy Broadcast free-of-charge to expand their reach, soliciting support for their projects from influencers.

  • Social X

Functional since 2014, Social X operates as a multi-faceted project, which strives to bring ReddCoin closer to the mainstream media by eliminating the limitations of the existing systems. By all means, Social X works towards making tipping easier, while eliminating any third-party intervention.

Development Updates

As evident from the current trends in the market, it has been a robust year for altcoins so far, prompting investors to shift their attention from the big market movers to the lesser known projects. Among the top performing altcoins of 2018, ReddCoin has done an impressive job, launching exciting features and payment processors for the community. Popular as a social cryptocurrency, this promising blockchain networks attempt to keep their audience in the loop by launching effective campaigns. Known for its efforts in establishing a great user experience, the ReddCoin team has introduced some exciting developments recently. Looking at the developments of the past few months, there have been some interesting upgrades on the blockchain, which include listings and partnerships. As per the latest updates, ReddCoin has been recently added to Bitvavo and AssetExchange. Apart from these listings, ReddCoin ecosystem has expanded its horizon by tying up with big names in the industry, such as Musards and Phore.

ReddCoin and the Market 

With Ethereum and big currencies crashing their value in a falling crypto market, altcoins like ReddCoin has also received a setback. However, as per at the price charts of the last few weeks, the coin has recovered appreciably, taking its market capitalization to $135,119,779 as of June 27, 2018. Although the coin is trading in the red, dropping 2.91% from its previous position, the overall performance of the coin has been satisfactory, making it one of the most vied-after currencies of the present time.  Ranking 7th by market capitalization, ReddCoin (RDD) is trading at $0.004690 at the time of writing. Looking at the market response and the developments in the ecosystem, the coin can make a strong comeback in the coming days, actualizing its mission of becoming the one of the world’s largest digital platform for social media integrations.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Adaptalux via Flickr

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VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

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VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

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Blockchain-Focused ETF Arrives on London Stock Exchange

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blockchain-focused ETFs
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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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