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How ReddCoin is Enabling the Development of an Internet of Value

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ReddCoin Internet Development
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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.

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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.

Chart courtesy of LeStudio via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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