Review on ReddCoin by Fanuel PORPORTY

Name: ReddCoin
Item: ReddCoin
Rating: 4

March 01, 2020

Reddcoin is the currency of social media, with a peer-to-peer (p2p) payment system.

Launched for the public in 2014, Reddcoin is a decentralized social cryptocurrency that allows anyone to send and receive RDD payments instantly on social media without transaction fees. It's basically the blockchain version of Venmo, Facebook Cash or Snapchats Snapcash, which allow you to easily transfer money to friends and family via their respective social media platforms.
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However, unlike these large social media networks which require you to use their native platform to send and receive money, Reddcoin allows you to seamlessly integrate its payment functions across multiple platforms like Reddit, Facebook, Twitter and Moreover. In addition, you can do more than just send and receive money instantly to people with Reddcoin: you can "tip" content creators the same way you "like" a message.
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Reddcoin uses an ecological approach called Proof-of-Stake-Velocity (PoSV). This is radically different from Bitcoin's Proof of Work (PoW) protocol, which requires large amounts of energy for mining. Each Reddcoin user automatically issues Reddcoins during staking, as it is a built-in function of the official downloadable wallet (which you need to get started).
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Pros

Reddcoin is a social cryptocurrency that can be integrated with many social media platforms to send / receive money at no cost.
It is an open-source peer-to-peer cryptocurrency derived from Litecoin.
She devotes a large part of her efforts to facilitating the "uploading" of small amounts of RDD on social networks, done in a similar way to "liking" a post on FB.

Cons