Redd Coin – The Current New Wave in Cryptocurrency World
Reddcoin took birth in mid of year 2014. This decentralized cryptocurrency was custom made for social media platforms like Facebook, YouTube, Twitter etc. The main usage of Reddcoin is to make a working model of cryptocurrency easy and accessible to people with the help of social networks. Basically, the social network will help in processing transactions of sending and receiving money efficient and fast.
Reddcoin is the only cryptocurrency which works with social media. Since working with social media platforms can make Reddcoin huge in future hence it has the most potential in the cryptocurrency market. Moreover, it would not face any competition with any other cryptocurrency. The active users of Facebook are around 2.5 billion per month, YouTube has over 2 million and Twitter has over hundreds of millions. It is foreseen that if Reddcoin becomes the cryptocurrency of choice for platforms like Facebook, Twitter and Youtube then it will beat every other cryptocurrency to the top.
Reddcoin implements Proof of Stake (PoS) to distribute coins throughout the network whereas other cryptocurrencies such as Bitcoin use Proof of Work (PoW). In PoS model coins are minted by “staking” and not by “minting”. Staking is relatively easy. Customers can download their Reddcoin wallet and can begin staking from their PC, mobile phone or Tablet.
The Reddcoin has not taken a particular social media platforms contract. Instead, it has created a Google Chrome Extension which will allow you to tip any posts you like on Twitter, Reddit or Facebook. They have pulled back their leg from doing such a thing as that it will limit their potential. In initial days you cannot predict a concept’s impact on future, hence tying it down would not have been great of a step.
Step 1: Get A Reddcoin Wallet.
Step 2: Get Some Reddcoin at the best Reddcoin exchange.
Step 3: Use Your Reddcoin.
Step 4: Stay Up-to-Date.