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Tag Archives: Reddcoin

Since it was publicly released, Reddcoin has already received membership from up to 7,000 users. Given the short amount of time, Reddcoin holds a very promising future. It is poised to overtake some of the other cryptocurrencies that were released earlier. Reddcoin is branded as the rising social currency. It can be used over various platforms, especially the ones involving social media.

The main algorithm used for Reddcoin is Scrypt and there are over 109 billion coins that can be mined. The block time for confirmation is just 60 seconds, which is considered faster, compared with the earliest cryptocurrency which is the Bitcoin.

A unique concept

When Bitcoin was first introduced as a cryptocurrency, a lot of people flocked to give it a try. It was very promising. It offered a better option especially for those who wish to conduct more secure and private financial transactions online. Over time though, there were alternative options that became available. This included Reddcoin. In fact, it is just one of the hundreds of alternative cryptocurrencies being used today.

The main reason why Reddcoin became popular is because it was branded as a social currency. It means that it has appealed more to professionals and online business owners. It became one of the fastest growing cryptocurrencies in no time. Since it targets people who are active in social media, it has also received bigger publicity.

Anonymity

If there is one thing that you can be assured of when it comes to the use of Reddcoin, it is anonymity. The entire system is built upon the idea that people using this cryptocurrency can hide their financial transactions from anyone. It is easy to use and it won’t require you to give out your real identity before you can get started. This is one of the reasons why it became an instant hit among online casino players.

Reddcoin

More plans

Given the success of Reddcoin, it has plans to expand its services and grow in the next few years. It has immediately grabbed a huge share in the cryptocurrency market. Developers of Reddcoin plan to partner with all social media sites and not just favor one to maximize the number of people who can use Reddcoin. They also see Reddcoin becoming even more valuable in the future. Since its application has widened drastically, it aims to increase its share in the market in the next 2 to 3 years. They are also working on the system to ensure that there are no failures or fraud of any sort.

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