aelf ELF to ReddCoin RDD Exchange

Crypto Pair Details: ELF to RDD

aelf ELF

Aelf is the versatile business blockchain platform powered by cloud computing and the central nervous system for businesses, transforming the way they deliver their services. By laying out the fundamental blockchain infrastructure, Aelf enables businesses to focus on building up their own dapps on their own chains with minimum effort. Acting as the master key, Aelf unlocks the potential for inter-business communication and collaboration using cross-chain efficiency. Incorporating modern technologies such as cloud nodes and parallel processing, Aelf is the blockchain system that achieves secure transactions at commercial scale. Aelf is one of the cryptocurrencies that is attracting crypto enthusiasts following its massive commercial adoption initiative. The coin seems to be leading on the technology front with higher blockchain efficiency, which is why it's also anticipated to be the Linux of Blockchains. aelf is an operating system for blockchains which can be customized by their respective users. Its cryptocurrency is denoted by the symbol ELF, with a total supply of 250 million ELF. It was launched on 21 December, 2017 on multiple exchanges in China without any ICO and instead got private investors on board. This ensured better compliance as KYC was done for all investors with most of them being accredited, with a good track record in token investment. Aelf was developed by Ma Haobao, who is also the CEO of Hoopox. The team is backed by a strong advisory board which includes Michael Arrington (CEO of TechCrunch and founding partner of FGB Capital). The team says it is working on unleashing the blockchain’s potential into mass applications and industries. aelf is now working with Innovation Alliance for increasing the acceptability of blockchain technology which will ultimately increase adoption of aelf’s blockchain. The team is focussed to develop aelf to improve other chains in the ecosystem by providing a template and infrastructure for interaction between the sidechains. Aelf also has a rewards system – Candy. With the Candy rewards system, you earn points, convertible for ELF, by accomplishing simple, daily tasks. Tasks include liking and replying to aelf tweets, inviting people to the Telegram channel, and other promotional activities. ELF are currently ERC20 tokens. As such, you can store them in any wallet with ERC20 support like MyEtherWallet or Exodus. The Ledger Nano S is also a great option if you’re interested in additional security. Aelf is a relatively new competitor in the dapp platform race but already has solid support from large investment capital firms. The project is utilizing resource separation through side chains and a unique governance model to build an entire blockchain operating system.

ReddCoin RDD

Released to the public in 2014, Reddcoin is a decentralized social cryptocurrency that allows anyone to instantly send & receive RDD (its native cryptocurrency) payments on social networks with no transaction fees. It’s essentially the blockchain version of Venmo, Facebook Money, or Snapchat's Snapcash, all of which allow you to easily transfer money to friends and family via their respective social media platforms. However, unlike these major social media networks that require you to use their native platform to send and receive money, Reddcoin allows you to seamlessly integrate its payment features on multiple platforms like Reddit, Facebook, Twitter, and more. Reddcoin is a social cryptocurrency that can be integrated with many different social media platforms for sending/receiving money with zero fees. It’s a peer-to-peer open-source cryptocurrency forked from Litecoin. It dedicates much of its efforts to facilitate the “tipping” of small amounts of RDD on social networks, done in a similar fashion to “liking” a post on FB. The PoSV algorithm is a new take on PoS which encourages both ownership (stake) and activity (velocity). Its tipping system has already been enabled on Twitter, Reddit, Twitch, and Justin.TV. Reddcoin was created on January 20, 2014, as a PoW cryptocurrency. On February 2, 2014, after raising $100,000 through their Initial Public Coin Offering (IPCO), Reddcoin was released to the public. On April 29, 2014, they announced that Reddcoin would transition from PoW to PoSV. In 2017, Reddcoin made an official announcement listing their team members, including developers John Nash and Leonard Simonse. In subsequent Tweets, they’ve publicly announced the additions of developers such as Bradley Ploof and James Tweeg. They’ve been active in updating the community via Twitter, but if you’d like to keep informed directly on the teams project progress, check out their GitHub or Trello (which includes the project roadmap).

SOURCE: COINGECKO

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