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ReddCoin (RDD) Becoming More Attainable As We Speak

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ReddCoin
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Getting to the top in the sea of different cryptocurrencies can be harsh, so ReddCoin is taking one (or more?) step further towards setting up this currency’s attainability.

Why is this so important for ReddCoin and can we actually name it that way?

What many cryptocurrencies lack and ReddCoin is currently working on is establishing attainability by adding features that would make RDD more available and open to communicate with holders. In the end, ReddCoin’s main objective is to make RDD and blockchain transactions available and possible through using social media platforms.

So, let’s see what ReddCoin has been up to these days and how these changes might affect or might have affected RDD.

ReddCoin: Speaking in Tongues

As you already know, especially if you have been following up with ReddCoin and its progress, the main goal of ReddCoin’s team of developers is to make operating with digital values simple and easy. Besides from this objective, another one of their prior goals is to make digital currencies along with the possibility of easy and fast transactions widely available.

They are working on making their goals happen by trying to introduce their own digital asset to the users that would be interested in operating with digital coins through social networks. Given the fact that you can find millions and millions of people across different social platforms online at all times, this isn’t such a bad strategy for sky-rocketing a coin.

What goes under RDD’s goal is to create a currency that is highly understandable although it there is a new technology in the center of the story. In that spirit, ReddCoin has added more languages to the table, supporting the story of easily attainable technology and even easier to use the decentralized platform.

RDD platform already supports more than several languages, and as of the recent changes, they have added Russian and Spanish languages.

Even though they have added more languages to the ReddCoin’s operating slate, RDD is still dizzily dropping while suffering from the most recent market dip and the bad news about the crypto jacking of Binance.

ReddCoin and Java API

Even though the added languages aren’t doing any good to the dropping price, although Russian and Spanish are pretty nice additions to the RDD community, maybe the new API tools could do something about it.

ReddCoin developers’ team has partnered up with Jan Hoeve in the terms of bringing new API to RDD. With the new improvements with Java API tool, Hoeve has given his contribution to the developing digital asset RDD represents. The improvement was made in form of more fluent API, that would necessarily provide easily accessible and simple, easy to use interface.

This idea could additionally improve RDD’s progress on the crypto market as well as help the team get closer to their goal by making RDD and their interface feel closer to their targeted users.

Hopefully, the change in the interface regarding the API will benevolently affect the price in the following days and help RDD recover from the frequent drops and trading in the red.

ReddCoin: Recovering After Being Dumped

If you are only observing the price of RDD and following up only with the state of the coin on the market, you have surely missed the opportunity to notice that ReddCoin is in fact slowly recovering from being dumped.

After the last, and the original, team dumped RDD as a project they were no longer interested in, ReddCoin is finally recovering behind the scenes as the new development team is working on new improvements and features.

As things are being patched up, RDD is getting more and more investors which can be noted in the coverage that has grown over the last couple of months, now resulting in the bigger network for ReddCoin. Bigger network means more investors and more investors means that eventually, a price could rise dizzily as well.

To make sure that ReddCoin and their currency would be accepted within a large community that would enjoy the perks of having fats payments on a blockchain-based platform that guarantees privacy and practices decentralization, they have decided to first build a community.

The community is named Reddcoin Global LLC and its goal is to gather as many holders and users as possible in order to make digital currency widely practiced and accepted.

ReddCoin and the Absolute Availability

The new team, with some most recent improvements that will be soon introduced to the public, is taking their goals pretty seriously. So, in order to show that ReddCoin can, in fact, become more accessible with having decentralized blockchain technology more comprehensive for the masses, the team has decided to answer all of your questions.

That’s right: on March 17th you will be able to ask the team behind RDD and Reddcoin Global LLC everything that comes to your mind. The campaign is named AMA, or Ask Me Anything and it will be hosted on Reddit.

All RDD enthusiasts, potential investors, investors, users, and holders will be able to ask anything they want to know about the coin and the platform behind RDD. This could also make a great opportunity for anyone interested in hearing what the team has planned for ReddCoin in the future.

So, if you have any questions regarding RDD and ReddCoin, mark March 17th in your calendar and get your questions ready for AMA Reddit campaign.

How is ReddCoin doing at the Current Moment?

Although the team behind RDD is working on numerous improvements that could potentially sky-rocket ReddCoin, RDD is still struggling on the market.

With the most recent drop in its price, RDD has fallen by -13.02 in the last 24 hours, which is needless to say a horrific turn of events. Although many other currencies are suffering from the market dip, this case is not a consolation for the dropping ReddCoin.

RDD can be currently bought at the price of 0.0053$ per one unit as the currency is being traded in the red at the moment.

Hopefully, the new API will set the mood and boost RDD’s growth a bit.

We will be updating our subscribers as soon as we know more. For the latest on RDD, sign up below!

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 jangkwee via Flickr

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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gambling dApps
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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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