Review on ReddCoin by francis fernandez
Reddcoin: bringing blockchain technology closer to social media
Reddcoin identified with the acronym RDD, is a virtual currency that is used as a payment instrument on social media platforms, allowing the exchange of cryptocurrencies in a decentralized way under an ecosystem that provides speed and security to transactions.
The cryptocurrency is basically used to award tips to developers of useful content on the network; achieving an interaction of tokens between user and receiver, thus implementing a digital economy system based on sharing valuable information on the network.
What does your mining consist of?
RDD digital currency cannot be mined but minted. Reddcoin employs the POSV (Test of Participation Speed) consensus protocol, an algorithm similar to POS but which encourages more active participation among mass social platforms, which is the goal that the Reddcoin network aims to achieve.
Users who participate in the POSV scheme get a bonus of 5% per year on average based on how long you keep your portfolio active and how often you bet.
Where to get RDD cryptocurrency?
This digital asset is traded on many exchanges using the Bittrex and Upbit platforms.
What benefits does the Reddcoin platform bring to the digital market?
Reddcoin is an ecosystem that consolidates three basic functions in a single platform:
1-ReddID: related to digital identity in the social masses.
2-Platform Tip: allows interaction between social networks and the Reddcoin platform to send and receive tips.
3-ReddWallet: the digital wallet to save RDD that allows you to carry out secure transactions.
Without a doubt, Reddcoin is the ideal currency for social media users looking for a digital monetary system that allows them to earn income by distributing useful content easily and quickly, thanks to the versatility and compatibility of the platform
Pros
- Facilitates the exchange of cryptocurrencies through popular social networks.
- It has an interface for easy integration to social networks thanks to its “tip platform”.
- Create a digital payment system for the exchange of cryptocurrencies and content distribution services.
Cons
- Cryptocurrency cannot be mined, but minted.
