Introduction
The 21st century has seen a remarkable increase in the transition towards an entirely
virtual world. Many aspects of human interaction are fast leaving the so-called “real plane”
into the virtual environment of computers. The financial services sector isn’t left out in this
revolution as seen by the emergence of cryptocurrencies as means of processing financial
transactions.
Cryptocurrencies refer to the virtual currencies; digital cash. They are in many
ways, the digital counterpart of fiat currency like the US Dollar and the Euro. The name
“cryptocurrency” is derived from the utilization of cryptography in the process of encrypting
financial transactions. By way of definition, cryptocurrencies may be defined as a medium
that uses encryption to encrypt (secure) financial transactions.
All financial operations are characterized by the transfer of value from one entity to
another. For any financial transaction to be deemed valid, there must be a means of providing
authorization and authentication of the transfer of value. For financial transactions
involving cryptocurrencies, this is achievedusing a blockchain. Every cryptocurrency utilizes
a blockchain with the Bitcoin and Ethereum block chains being the most popular.
Red Pillis built on the Ethereum blockchain which is a traditionalblock chain used by millions
of people. This provides robust network integrity for the Red Pill cryptocurrency. There are
some different digital wallets and support services provided by Ethereum for users of Red
Pill.
Red Pill is a currency designed to enrich online communities. Red Pill can be used for
many different purposes. Communities can, for example, use Red Pill to reward their members
for everything from meeting certain milestones (e.g., making a certain number of posts
on a forum) or to reward them for their loyalty (e.g., awarding members pills for being
amember for a year). Red Pill can also be used to reward subscribers of a product or service.
Furthermore at Red Pill also makes a great tip
Disclaimer/ICO Conditions
Red Pill Coin is not a security, a security is a tradable financial asset that is regulated by
the SEC in The United States, and government bodies in their respective countries. Purchasing
and owning Red Pill Coin does not in any way stipulate that the purchaser will receive
shares, liquidity, stocks, bonds or an investment agreement in any asset. Red Pill coin is a
decentralized crypto-currency. Supply and demand determine the value of Red Pill coin. The
purchaser may use Red Pill coins in legal manners, as stipulated in their country of
residence. Red Pill coin is a decentralized digital currency that exists on the Ethereum
blockchain. Anyone who purchases Red Pill coin must agree to these terms.
Advantages of Blockchain Technology:
Since Red Pill runs on the Ethereum blockchain, it enjoys all the main benefits of the blockchain
applications of the distributed ledger technology. The main advantages are as follows:
Immutability
One of the biggest selling points of blockchain technology is its logical immutability. This
means that transactions once completed and recorded in the blockchaincannot be altered
or deleted from the ledger. As the Ethereum blockchain grows in size, this immutability
becomes even more assured. Any changes made to pre-existing entries are viewed by the
entire blockchain and as such the possibility of successfully manipulating the system is zero.
Trustless Encryption
Financial transactions can be carried out in a blockchain without the need of a central
oversight body providing authentication and authorization. This elimination of the thirdparty
significantly reduces risk and associated fees.
Anonymity
Transactions in the blockchain are completely anonymous and as such identities of the
participants are completely protected. Users are in complete control of their personal
information thus reducing the risk of identity theft.
Enhanced Security
Being decentralized, block chains do not have a central point of failure. There is no entry
point for malicious attacks, and this makes block chains durable and reliable.
Red Pill Roadmap
Launch Red Pill Coin ICO Round 1 October 1st 2017 — October 31st 2017
Launch Red Pill Coin ICO Round 2 December 1st 2017 — December 31st 2017
February 2018 — Launch Red Pill Chrome extension that allows Red Pill owners to tip their favorite content creators on (YouTube, with support for twitter, and Instagram planned).
April 2018 — Launch Red Pill Send And Receive Application for Android with IOS version following in Fall 2018.
Detail Information
Website : http://redpillcoin.com/
ICO Website : https://redpillcoin.io/
Facebook: https://www.facebook.com/redpillcoincrypto
Twitter: https://twitter.com/redpillcoin
Telegram: https://twitter.com/redpillcoin
Youtube: https://www.youtube.com/channel/UCQUskQ8NekITgo_SGr2UapA
Whitepaper : https://redpillcoin.com/PDF/whitepaper.pdf
Written by luthanhson
Bitcointalk username: luthanhson
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1582095
