Redcoin (RED)
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Description
Redcoin is a Proof of Work cryptocurrency based on the Scrypt algorithm.
What is RedCoin?
RedCoin is a form of cryptocurrency which can be used worldwide for all kinds of online gaming purposes. It is also known by its other name which is called "Fun Coin" mainly because it is used for that purpose. One of the most distinctive features about this cryptocurrency is that that this form of digital currency is controlled by the RedCoin users and has no authority other than that. The fact that gaming online has taken over the world in every form like betting online and even taking part in jackpots, cryptocurrencies such as RedCoin plays an integral part in the life of any individual gamer. With a wide range of availability of digital currency, RedCoin has gained popularity among the users as the coins are owned by the RedCoin users and because there is transparency among the users, it has been sought out by most users because of its reliability and faster transactions.History
RedCoin was initially introduced in July 2013. It is a proof of work cryptocurrency which was aimed at making transactions for online gaming, betting and gambling safer and faster for all users. RedCoin can be mined from various platforms and has this initial target of making it a community-owned cryptocurrency. With this idea, it initiates the objective of being transparent and this garnered a lot of attention among users. Apart from that, any form of online gaming has become more than just leisure for the public in recent times, and gamers have since then made it a career out of it. In that case, most transactions are made online, and in this billion dollar industry, it has always been a target for sudden cyber attacks. As such, RedCoin has the sole purpose of providing a secure transaction in a hazardous environment. According to the latest RedCoin news, the RedCoin price prediction, and the price will remain at its steady rate.
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