Connect with us

Blogs

How ReddCoin is Enabling the Development of an Internet of Value

Published

on

unifox-ad
ReddCoin Internet Development
READ LATER - DOWNLOAD THIS POST AS PDF

There is no doubt that we are on the precipice of change with the advent of Blockchain technology. In fact, top technology influencers such as Mark Andreessen (a renowned investor in software companies) have called Blockchain technology the most important innovation since the beginning of the internet.

But could Blockchain itself as it paves the way for the internet of value when top cryptocurrencies such as Bitcoin and Ethereum are still struggling with the issue of scalability and interoperability.

Perhaps, it is cryptocurrencies such as ReddCoin that could be the game changer especially considering the backing of a Proof of Stake Velocity protocol on its Blockchain network. A Blockchain network that allows for inclusivity with the low barrier to entry on the mining side of the equation could be the catalyst to the internet of value. This is precisely what Redd coin is all about.

What is ReddCoin’s Proof of Stake Velocity?

The proof of stake velocity is designed as an alternative to both proof of stake and proof of work algorithms.

Basically, it is built such that activity (velocity) and ownership (stake) are encouraged on the network, therefore, enabling the ReddCoin to serves two purposes; a store of value and a currency.

Furthermore, it eliminates wastage of electricity during mining as experienced by other algorithms such as Proof of Work on Bitcoin’s Blockchain network.

How is this helpful towards an internet of value?

Well, glad you asked. Since Blockchain is built to cut out the middleman by distributing storage and validation of valuable assets (cryptocurrency, tokens or valuable digital assets and information) ReddCoin‘s POSV protocol is democratizing the Blockchain by ensuring less wastage in the mining sector and as a result improve affordability in mining and while building a democratic system of governance on any Blockchain.

Tipping platform

Other additional features that enable Redd coin to be at the forefront of an internet of value include its Tipping platform that is creating a decentralized system for social services and payments like never before.

Basically, with ReddCoin’s tipping platform, users can distribute their ReddCoin equitably to other users either giving the coins to miners, investors of an IPCO or even tipping to their friends and family. By this virtue, Redd coin is developing a robust communal base that will form a functional internet of value soon.

Redd Coin’s Web ID making it easy to spend crypto

Another revolutionary feature that puts Redd coin at the forefront of the development of the internet of value is the Web ID that it offers. With Web ID, Reddcoin users can use their username or a simple sentence to tip and spend their cryptocurrencies on any device as long as they have the Web ID.

That does not only make it easy for the mainstream public to take up the use of cryptocurrency but also eliminated the hurdles and complexities that are currently preventing scalability and mass adoption in the crypto space.

For the latest cryptocurrency news, join our Telegram!

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.

Chart courtesy of LeStudio via Flickr

Blogs

3 Things to Avoid if You Want Your ICO to Succeed

Published

on

ICO
READ LATER - DOWNLOAD THIS POST AS PDF

Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

Continue Reading

Bitcoin

Reasons Behind The New Bitcoin Crash

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

Continue Reading

Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

Published

on

WINGS
READ LATER - DOWNLOAD THIS POST AS PDF

WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

Continue Reading

Elite