Reddcoin (RDD) is a decentralized cryptocurrency that is primarily built for use on social media platforms such as: Facebook, Twitter, Youtube and Twitch. The main objective of Reddcoin is to make sending and receiving money on social networks as easy, fast and efficient as possible. Reddcoin achieves this by integrating the Reddcoin platform with all major social networks, and not charging any transaction costs.
Redddcoin uses an innovative algorithm called Proof of Stake Velocity, this stimulates both ownership (Stake) and activity (Velocity). With PoSV algorithms, there is no waste of electricity for aimless mining and users are rewarded for spending their coins.
Redd-ID is a unique service on the blockchain that allows a user to associate a username with information, such as public keys and social network identities.
ReddWallet is a brand new wallet that offers various social functions to increase user engagement, thereby improving the security of the decentralized network.
Is Reddcoin (RDD) a good investment?
Reddcoin is the only cryptocurrency that focuses directly on existing social media platforms, this means that Reddcoin has almost no competition. Facebook has approximately 2 billion active monthly users, YouTube has 1 billion and Twitter has hundreds of millions of users. If Reddcoin succeeds in becoming the cryptocurrency of choice for platforms such as Facebook, Twitter and Youtube, it has the chance to become one of the most successful cryptocurrencies.
Dear Reddcoin (RDD) Wallet?
We recommend that you use the Reddcoin core wallet, which you can download from the official Reddcoin website and is available for Windows, Mac and Linux.