ReddCoin is a cryptocurrency created on ReddCoin blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized. Reddcoin was mainly created to tip other internet users who create best content online.Currently, Reddcoin can enable content creators to connect their reddit, twitter,twitch and many more .This will enable them to be tipped by their followers who like their work.
Reddcoin transaction
Reddcoin transaction takes place on the ReddCoin blockchain Explorer based on ReddCoin blocks and timestamp. To view how ReddCoin transaction takes place on the ReddCoin blockchain explorer, simply follow the link below;
Date Launched
Reddcoin was first released to the public in 2014 with the main objective of becoming a social coin. Since then, the developers have been keeping on improving on this coin to make sure that more social media site are being enabled for tipping.
Founder Of Reddcoin
Reddcoin was first launched On its Subreddit. The team behind the development of Reddcoin social network coin are unknown.
Process of creating Reddcoin
Reddcoin is created through the mining process by aid of GPU, CPU and ASICS hardware in the presence of internet and electricity using the Proof-of-stake-velocity algorithm.To mine using CPU and GPU, you have to download the software while to mine using ASICS hardware, you have to purchase the hardware .
Maximum circulation of Reddcoin
Unlike cryptocurrencies like bitcoin and ethereum where they have maximum supply to the economy, for Reddcoin, there is no maximum supply. Instead, the maximum supply will be infinity.
Reddcoin Price
Currently, 1 Reddcoin is worth more than $0.0013 and its price is expected to increase over the next period of time. Reddcoin is being abbreviated as RDD.
Converting my Reddcoin to other cryptocurrencies
To convert your Reddcoin to other cryptocurrencies such as bitcoin , you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your Reddcoin to bitcoin
https://www.binance.com/?ref=10776203
Storing my Reddcoin
To store your Reddcoin, you need a Reddcoin wallet or other supported cryptocurrency wallets.You can use , coinpayment or other supported Reddcoin wallets. For the safety of your Reddcoin, you can use offline Reddcoin wallet like Reddcoin core wallet , Reddcoin social wallet, Reddcoin electrum wallet and many more.
Transferring my Reddcoin to other Users
If you want to transfer your Reddcoin to another user, the two of you must have trust on each other. The trust should be the Reddcoin address provided for the receiver while the sender must have the Reddcoin to send to the receiver .For the sender, a blank space to insert receiver address and another blank space to insert amount to send to receiver is indicated .Here is how it looks like;
Knowing more About Reddcoin
If you feel that you need to learn more about Reddcoin social coin, then you can follow them on their site. Here is the link redirecting you to Reddcoin site
Now that you know, i think that it is time for you to start owning some Reddcoin. If you feel that i should also own some for helping you to know more about this cryptocurrency, here is my Reddcoin address ;
Regiyd3VZLru9i1qZ43UQ3cPt8HJvVNqVa
