ReddCoin

Overview of ReddCoin

Reddcoin can provide point-to-point, multi-party, or full-suite merchant, transaction and remittance services at a fraction of the cost of traditional PayPal or credit card transactions with lightning-fast completion and state-of-the-art security and cryptographic protection against counterfeiting, fraud and data manipulation.

Reddcoin’s partners and related projects are held to our own high standards of openness, accountability, and user experience as we strive to be an example of not only the stated ideals of "faith, hope and charity", but also integrity, transparency, and honor.

Reddcoin also offers participants in its network automatic interest-like “staking rewards” as well as zero-to-low-fee transaction costs, lowering the bar for entry for any business, webstore or individual looking to participate in the new era of fintech.

ReddCoin, as is often compared to Steemit networking platform, is alternative from its peer in terms of the rewarding process as opposed to Steemit, RDD is developed for all popular social media channels, including Twitter, Facebook, Instagram, etc.

Reddcoin was created around the concept of tipping, and it still does that, but over time it has expanded its ecosystem to include features and benefits that will easily allow RDD to become broadly adopted into our common and everyday experience.

ReddCoin creates a system of tipping with a peer-to-peer payment structure which enables sending and receiving money in RDD coins on social networks as a reward from readers without transaction fees.

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.

Reddcoin’s staking solution requires next-to-no resources, and runs on desktop, mobile, Raspberry Pi and similar low-end and embeddable devices, as well as on any desktop or laptop.

ReddCoin price Index provides the latest RDD price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Reddcoin was originally forked from Litecoin and officially released on February 2, 2014, before being re-based on Bitcoin in August, 2016.

Blockchain

Products on the Reddcoin blockchain include the Reddcoin PointOfSale, Reddcoin Core Wallet and Redd ID, a user-friendly digital wallet that allows users to reward and show appreciation for quality online content with Reddcoin with a log-in via a chosen username rather than having to remember a 16-character alphanumeric code.Reddcoin is the original social network tipping, content creator and micro-donation cryptocurrency.

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Network

“Participation Incentivization”, which promises to multiply stake rewards up to 5x for all active users according to dynamic network staking participation variables; The “Reddcoin Restitution Fund”, aimed at replacing ReddHead community members lost or stolen funds; The “Reddcoin Charity Initiative/Food &Supply Bank”, offering more direct support to those in needs among and outside the community, and more.

Support

PoSV 2.0 implemented some recalculations, and multiplied rewards to active users, the new version code includes a dev support fee of 8% of the total reward, deducted from each received stake reward accepted by the network.PoSV algorithm ver 2.0 Recently, developers launched a modified version of the stacking algorithm.The fund is used entirely for charitable causes and deserving recipients, as determined by general consensus inside the Reddcoin community.These funds are sent from each wallet to the wallet address controlled by the Reddcoin Core development team with the intention of using them in a few specific ways: To provide a financial and resource support to the further development and all operational costs of Reddcoin (RDD) and to ensure the fund to the Reddcoin community that can be used for compensations, if some members have losses, technical issues or otherwise problems and they have a serious reason for replacement of their coins.These technologies imply transactions high speed, active community support, the presence of microtransaction function, reliable protection system, great software interface, exclusive conditions for companies who want to integrate ReddCoin into their business, resistance to overloads, and overall network stability.

Transactions

Section 4 places emphasis on the major differences between Reddcoin, a digital social currency which focuses on integration with human social interactions and aims to make concrete and add quantity to people’s intangible asset of social influence, and the common digital commercial currencies which aim to foster transactions of goods and services and offer protection from hyperinflation.

• How can I help ?

Donation are always welcome, but you can also help us translate the website.It’s really easy.Just add “?i18nextract=LANGUAGECODE” in the end of the url (for instance http://walletgenerator.net/?i18nextract=es for Spanish).You will see at the end of the page a pre-filled javascript array ready to be translated.Translate or correct it, and send it to us the way you prefer.

• How to spend the coins stored in a paper wallet ?

You will need to import your private key in a real client, that you can download from the currency website.The exact method to do that will depend on the client.If there is no integrated method, you can usually fall back to the debug console and use the command “importprivkey [yourprivatekey]“.

• How to use a paper wallet ?

Once you have generated and printed a wallet, you can send coins to the public address, like for any wallet.Store your paper wallet securely.It contains everything that is needed to spend your funds.Consider using BIP38 to secure your paper wallet with a password.

• I found a bug, what shall I do ?

You can report bugs using GitHub.You can also contact us using our Twitter account (@WalletGenerator).Just try to explain clearly what is wrong and we will try to fix the bug as soon as possible.

• Is it safe ?

We try to make it that way ! The core of the tool, that generate the keys is 99% the same as the well reviewed bitaddress.org.We only changed it to be able to generate addresses for different crypto-currencies.

• Who are you ?

We are just two random guy having fun with a side project.

• Why should I make a donation ?

Donations money are used to pay our hosting service provider, but it’ll also be used to make walletgenerator.net more secure as we plan to organize a CrowdCurity campain as soon as we get enough money to pay for it.

A Price Prediction Based on the Growth of Others?

Firstly, I’ll show you the Reddcoin price prediction made by a website called CoinCheckup.This is quite a curious prediction because rather than looking at the demand for the service, or the team that created it, or the platform itself, it looks at how other technological innovations have performed since they were created.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e.Coinbase or Kraken), there are other very well-known industry leaders that are located all over the world.For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein.While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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Have you already started staking?

        Mechanism responsible for the majority  Proof-of-Stake (PoS) or our own customized and unique Proof-of-Stake-Velocity (PoSV) is a process called staking.This allows for the actual storage of coins to secure the network and acts as a replacement for energy-intensive Bitcoin mining and allows all Reddcoin users to receive rewards in proportion to their resources, regardless of whether you participate in “staking” on mobile devices (Telegram!), PC, Linux, Mac, Raspberry Pi or something else.We encourage interested users to familiarize themselves with the process and details of stacking, starting with “Redd Paper” on the page reddcoin.com.The important point of this article is that we noticed that only a small proportion of users are on this system.

How do I buy ReddCoin?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including ReddCoin.

How do I mine ReddCoin?

ReddCoin can be mined using specialized mining software.XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards.CCMiner is another popular mining tool for computers with NVIDIA graphics cards.In addition to having mining software, you will need a ReddCoin and access to a mining pool that pools your effort with other miners and a wallet to store the ReddCoin that you earn from mining.Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

How does Reddcoin work?

Reddcoin is used in a variety of social networks and instant messengers, such as LiveJournal, Twitter, Instagram, Telegram, Facebook, Youtube, LinkedIn, etc.The main purpose of RDD is the possibility to make donations for blog authors, administrators of groups, and channels.The developers of the project allow users to send a certain amount of RDD instead of likes, as a reward.Using RDD people can also buy stickers, pay for gifts, ratings, advertising, a variety of goods, and services within social networks.Everybody can send RDD currency to each other without intermediaries.In different online projects, developers use various types of digital payments.Individuals can buy game currency, user votes, artifacts, etc., for fiat money.RDD can be earned, acquired on the stock exchange, and put into the growth of gaming or social account.The main idea is to replace the well-known “Like” button.Most of the actions daily committed by millions of users for free are tied to a single currency.The amount of the reward directly depends on the usefulness and significance of the evaluated content.

How Is the Reddcoin (RDD) Network Secured?

As with most major cryptocurrencies, Reddcoin is built on a decentralized network, and information is stored on a peer-to-peer (P2P) network.As a result, there is no middleman handling user data, making Reddcoin a privacy-preserving alternative to fiat.

How Many Reddcoin (RDD) Coins Are There in Circulation?

As of December 2020, there are just over 28.8 billion RDD in circulation, representing 100% of the total supply at the time.Due to the rewards distributed via the proof-of-sake-velocity (PoSV) consensus mechanism, the total supply of Reddcoin increases by around 5% per year.

How much do I earn when I mint?

Every time you successfully stake coins, you get paid interest on the weighted age of those coins.To make this
more clear, we’ll use some examples and compare weighted age (PoSV) to calendar age (Traditional PoS).

How To Buy 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.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally.For example, all of the best exchanges should possess top-tier security features, but if you’re looking to trade only the main cryptocurrencies, you probably don’t really care too much about the variety of coins available on the exchange.

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RDD has had a steady growth if you look at bottom rates, rather than bulls and bears.Ive seen mine between 50 euro low and 90.000 euro high.But the basic 200 euro I invested, is still worth about 4k now, being low.So it all also depends on what term you are looking at.I found the development and the community steady after I joined.I see issues to integrate them with large social existing platforms that may wanna create their own coin, but a global social tipping system is always a good idea, and I support it from the start and will keep supporting it in the future.I personally dont see any issue with this coin.If my coins will ever fall back to 50 euro, I will give you a new reply and stand corrected.

Is Reddcoin a Good Investment?

After looking at the marketing of Reddcoin, the roadmap, the team, and the idea itself, it’s hard to love the Reddcoin project.It’s been built for micropayments and tipping.

Isn’t it a bit more complicated than that?

It is of course.Under PoSV, your returns are greatly influenced by how often you successfully stake.This is
due to the mathematical formula of PoSV, and not a product of how often your interest is compounded.

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Reddcoin Price Prediction 2021?

Now, I’ll get to the point of this article – Reddcoin price predictions.Unfortunately, since most cryptocurrency experts have better things to do than predict the prices of various digital assets, we won’t be able to use the most informed opinions around.

Reddcoin Price Predictions 2021 and Beyond?

If making an end of the year or 12-month price prediction is problematic, then making one for two years or more is even more so.

Reddcoin Roadmap – How Could This Affect the Price?

The Reddcoin roadmap is something of a mystery.The closest thing to a current version of it is below.The official website doesn’t give any indication of how the team is working towards making Reddcoin a success either.Even on the section talking about PoSV verifications, there are no indications as to when it will come to Reddcoin.

Should I Buy Reddcoin?

Social media currencies are not new; they’ve been around for a while now.The kind of currencies might have been in a different form such as retweets, likes, shares, and so on but in the end, these metrics contain some form of value on these platforms.

So how is weight calculated?

The calculation of coin weight is the core of PoSV.Like traditional PoS, the weight is a product of total coins
(stake) and the average age of those coins.In contrast to traditional PoS, which calculates weight as a linear
product of age, PoSV uses an algorithm where new coins gain weight quickly, and old coins gain weight increasingly
slowly.This is how PoSV offers a big incentive to be active.

Some More Fundamental Analysis to Finish?

Finally, we have a little bit more fundamental analysis.A cleverly named website called PricePrediction has had a shot at making a call on the future price of Reddcoin.They’ve actually bothered to analyze some news coming up with it too.

Want Daily RDD Price Updates?

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What do investment analysts think about ReddCoin?

Weiss Research, an investment research firm that rates cryptocurrencies, has given ReddCoin an overall rating of “D”, a technology and adoption rating of “D”, and a market performance rating of “D”.

What do you think about the ReddCoin today?

Let us know by clicking the given button.

What hashing algorithm does ReddCoin use?

ReddCoin is a proof of work (PoW) and proof of stake (PoS) coin that uses the ProofofStakeVelocity algorithm.

What is coin age ?

Quite simply, coin age is the age of your coins.Imagine you get a new wallet and start out with zero coins.On Monday, your friend sends you 5,000 coins.On Wednesday, you decide to buy 10,000 more coins and withdraw them
to your wallet.

What is Reddcoin (RDD)?

Reddcoin is a decentralized cryptocurrency that was developed for use in social media platforms, such as YouTube, Facebook, Twitter, and many others.The main idea behind the project was to develop a coin that would allow people to receive and send money faster with minimal challenges as possible.

What Is Reddcoin (RDD)?

Reddcoin (RDD) is a digital currency designed for tipping and sending money for social payments.

What is Reddcoin (RDD)?

Reddcoin is a social digital currency which exists to simplify money for the general public use.Most of the people spend a lot of their time on social media platforms like Reddit, Twitter, and Facebook.The network of family and friends on social media is essential in everybody's lives.Reddcoin even integrates digital currency and life on social media.With Reddcoin, users are able to tip off their favorite authors, receive and send money online.

What Is Reddcoin Mining?

No mining pools available, the coin is now PoS only.

What is ReddCoin?

Reddcoin has been designed to make online micropayments quick and easy.It’s trying to get itself integrated with the planet’s major social networks.This, they hope, will mean that tipping people for their content will be “cheap, fast, and rewarding for everyone.

What Is Reddcoin?

Reddcoin is a decentralized, blockchain-based cryptocurrency used to tip or send payments for social content.Unlike competitor Steem (and legacy platforms like Snapcash), the Reddcoin API supports all social platforms, from Reddit to Twitter and Twitch.RDD, the native cryptocurrency coin of Reddcoin, is mined by the ReddID wallet through a Proof-of-Stake-Velocity (PoSV) algorithm, which increases your odds of mining a valid block through your RDD balance.

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.

What is ReddCoin?

Reddcoin (RDD) is a digital currency designed for tipping and sending money for social payments.

What is Reddcoin?

Reddcoin is an experimental new digital currency that enables instant payments to
anyone, anywhere in the world.Reddcoin uses peer-to-peer technology to operate
with no central authority: managing transactions and issuing money are carried
out collectively by the network.Reddcoin Core is the name of open source
software which enables the use of this currency.

What is Reddcoin?

Reddcoin (RDD) is a blockchain project launched in 2014.It is intended for use in social networks and messengers.With Reddcoin, users can make donations to content creators, pay for stickers, and different social services.The Reddcoin blockchain is based on Litecoin technology.Instead of popular Proof-of-Stake and Proof-of-Work algorithms, Reddcoin uses Proof-of-Stake Velocity (PoSV), and it doesn’t provide the possibility of mining.Reddcoin is the original social network tipping, content creator, and micro-donation cryptocurrency.Its blockchain includes a set of tools and products for social networks.You can buy Reddcoin (RDD coin) on an exchange of your choice and manage it in Guarda Wallet.

What is ReddCoin?

Reddcoin is trying to jump on the tipping bandwagon by making itself the social network donation go to default.A Scrypt coin with a 60 second block time and block retargeting using kimoto's gravity well.The coin also includes a 5% annual inflation after the 27.5 billion have been mined by PoW.Alongside Reddcoin includes an innovative proof of stake velocity algorithm.

What is ReddCoin?

      Reddcoin is the first, original cryptocurrency used for giving tips, donating content to social media and micropayments.Reddcoin (RDD) is Litecoin’s forge formed in 2014.Products currently available in Reddcoin blockchain include: Redd ID, Reddcoin basic wallet and Reddcoin POS (proof of stake).

What is staking ?

Staking is the process your wallet uses to validate transactions and award you with coins.When your wallet is
staking, it is checking transactions to make sure everyone who sends coins actually owned those coins and had the
right to transfer them.If most of the wallets online agree that a transaction is valid, then it gets accepted
by the network.This concept of consensus is essential to all digital currencies, and is what keeps Reddcoin secure.

What is the average weight ?

We mentionned before that in the wallet, coins stake in groups of coins which arrived in your wallet during a single transaction.

What is the difference between a crypto exchange and a brokerage?

In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person.The exchange platform (i.e.Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer).With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party.When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange.This is done for the sake of simplicity.

What is the network weight, total weight, and expected time until next reward ?

In your reddcoin wallet, you can view weight information at the bottom right of your wallet if you let your
mouse hover over the green arrow which indicates that your wallet is currently staking.

What is the Reddit page for ReddCoin?

The official Reddit community (subreddit) for ReddCoin is r/reddcoin.

What is the value of ReddCoin?

One ReddCoin (RDD) is currently worth $0.01 on major cryptocurrency exchanges.You can also exchange one ReddCoin for 0.00000013 bitcoin(s) on major exchanges.The value (or market capitalization) of all available ReddCoin in U.S.dollars is $203.81 million.

What Makes Reddcoin Unique?

Reddcoin is designed primarily for tipping, sharing and donating to others around the world.To help facilitate this, it has eliminated several of the major barriers that have hindered the adoption of some other cryptocurrencies — such as slow transactions and high transaction fees.

Where can I get ReddCoin wallet?

ReddCoin produces its own wallet software that is available for download on its website, which allows you to store ReddCoin on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

Where Can You Buy Reddcoin (RDD)?

Reddcoin is currently available to trade on just a handful of exchange platforms, the most prominent of which is Bittrex.As of November 2020, Reddcoin can be traded against Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC), or again fiat currencies like the Euro (EUR) and US dollar (USD).

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use.While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges.That said, many users believe that Coinbase is one of the simpler exchanges on the current market.

Who Are the Founders of Reddcoin?

Reddcoin was originally developed by Jonathan Patenaude, a software developer who crafted the core code for the platform.He joined Larry Ren in creating the first legal entity surrounding the Reddcoin platform in 2015 — a now-dissolved UK-based company known as Reddcoin Ltd.

Why is Reddcoin ranked #270?

I like Reddcoin, the staking is great & I also think there is a good chance we wake up one day and the price is up a few hundred %.Especially if Bitcoin can get above $60,000 again.

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History of ReddCoin

In 2020, with over 65K followers in social media (called ReddHeads), listed in over 50 countries, Reddcoin was rebranded as “REDD”.