RedCoin is a decentralized network that goes with the Proof of Work type of confirmation of the mining process and the transactions, based on the Scrypt algorithm. As with most digital currencies, RED is the reward of the mining, but it can be traded too. Еvery time somebody sends coins to another person, one small fee in the amount (0.001%) is taken away to be granted as a reward to the miners. As for the majority of the brands on the market, the greatest time for RedCoin was marked between Christmas 2017 and Valentine’s Day 2018. Nearly 75 million coins circulate on the digital space and are available for trade mostly with BTC and LTC. The market cap of the RED marks the range of $200 000.