Welcome to STEEMCast ! Today let's talk Reddcoin! here is some info on the currency straight from their official website.
What is Reddcoin?
Reddcoin is the social currency that enriches people’s social lives and makes digital currency easy for the general public. Reddcoin achieves this by integrating a digital currency platform seamlessly with all major social networks to make the process of sending and receiving money fun and rewarding for everyone.
Features
PoSV
Redddcoin Proof of Stake Velocity is an innovative algorithm that encourages both ownership (Stake) and activity (Velocity). PoSV solves issues in traditional PoW & PoS algorithms and eliminate wasteful consumption of electricity for mining.
Tip Platform
Reddcoin decentralized Tip Platformallows people to seamlessly send & receive digital currency on Social Networks to anyone in the world & to support content creators through micro-donations.
Redd-ID
Reddcoin Redd-ID is a unique service provided at the blockchain level which allows a user to associate a username with rich information including public keys and social network identities.
ReddWallet
Reddcoin ReddWallet is a State-of-the-art wallet that provides various social features to increase engagement among users which improves security of the decentralized network.
Specifications
Algorithm: Proof-of-Stake-Velocity
Total Supply: ~27 billion RDD at the end of PoW
Interest rate: 5% inflation yearly
Block Time: 60 Seconds
Currency Code: RDD
Currency Symbol: Ɍ
Credits for information https://www.reddcoin.com
This coin has been bullish, looking for the next breakout. I'd say buy it while it's cheap, it won't be long. Here's a chart so you can see what we're dealing with.
Do you like free altcoins? Checkout my groestlcoin giveaway here https://steemit.com/steemit/@beeridiculous/steem-at-usd2-17-and-100-groestlcoin-giveaway-upvote-100-comment-and-resteem-to-enter
Thanks for reading!
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Steem is getting stronger day by day.
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Steem is going strong!!
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It is ! Going to $5 by mid July ! You heard it here first
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it's amazing how many new tokens are becoming available.
The is figuring out which will make and which won't - or at least when to get in and when to get out?
Thanks for the info - keep it up.
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Yes I know it's exciting, no problem!
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I did a bit of research and at one point and also owned Reddcoin, just be aware that the original dev team is totally replaced with new people which isn't necessarily a bad thing but the new owner seems to be a bit slow to release crucial updates in a competitive marketplace. Another thing is the promo video on their main page was made back in 2014 by the original dev team which I stated is no longer in the picture.
Also the fact that you have to download the whole blockchain is brutal, its over 20gb and took over 2 days to download, I can't see this being realistic for mass adoption. Using a light wallet to bypass this keeps your Reddcoin tokens at rist although convenient. Point being, do research and really think about the hurdles the dev team is going through to make this work.
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Agreed about the inconvenience on having to download the whole blockchain, I'm intrigued by the recent fluctuation and pretty much short term flips. I've made a pretty penny thus far when I bought some in march before the last pump, it has me thinking big things could come from the recent breakout.
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.weusecoins.com/what-is-reddcoin/
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Solid blog. Really appreciate you bring this to our attention. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in. An interesting website I found: https://www.coincheckup.com I'm using this site that gives in depth reports on every tradable cryto in the market. For example: https://www.coincheckup.com/coins/Reddcoin#analysis To see the: Reddcoin Investment analysis.
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