Following Up with ReddCoin (RDD)

ReddCoin is among the top 100 cryptocurrencies across a massive market of two thousand different tokens and coins. This is no wonder as ReddCoin developers are working on having cryptocurrency transactions simplified and easy to use for anyone – even those who are not handy with the new age “money.”

With this idea, ReddCoin was doing pretty well so far, but as we all know, the world of cryptocurrencies can be a rocky place to be, so things change very quickly. How well is ReddCoin doing at the current moment and where do we see this currency in the following months of 2018?

A little reminder about ReddCoin

ReddCoin is a cryptocurrency set to make decentralized transactions a lot simpler and easier for all users, even those who don’t get how blockchain technology exactly works. Moreover, ReddCoin is using the phenomenon of social networks, so the developers see RDD as a social cryptocurrency. RDD is thus said to be made to enable easy and fast transactions throughout social media platforms, that way making decentralized transactions fun.

This currency has mineable coins, so to improve the overall experience for miners involved in acquiring this coin through mining ReddCoin is using a different protocol rather than commonly used proof-of-work and proof-of-stake protocols.

To cut on using large amounts of energy and wasting the electricity as you are mining, ReddCoin developers have chosen proof-of-stake-and-velocity, abbreviated as PoSV. By using this protocol, in particular, miners can get involved in the active mining of the ReddCoin blocks and earn some rewards while not wasting energy. We can all agree, especially miners, that paying obnoxiously large amounts of money for your electric bills is everything but fun – with PoSV, this price is significantly reduced with mining ReddCoin.

ReddCoin is operating through a decentralized platform called Tip Platform. Here, users and members can easily send and receive money transactions while operating on different social media platforms. This is very significant because fast and cost-effective global payments are being sent this way. To make ReddCoin community even more supportive, Tip Platform allows all users to reward content creators for original content across social media, which also makes possible for the content creators to earn some money in the form of ReddCoin currency they can later use for exchanging or making transactions.

ReddCoin in 2018

Given the fact that RDD is still being traded under a dollar, the first goal set for this currency is reaching the 1$ price per one coin. ReddCoin is still far from this goal as it is currently being traded at 0.0074$ per one unit.

ReddCoin could easily reach a one dollar price per one coin in the matter of a few months. As of the current moment, since RDD is trading at a fairly low price, if you thought about investing in a currency and you don’t already own RDD, this would be the perfect time for investing.

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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.

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