Multiple projects in the blockchain community are trying to achieve widespread adoption of cryptocurrencies through the integration of the social networks together with the blockchain networks. They aim to create “social coin” which would be widely used by the general population. This article is the first part of the series which will look at the different approaches to increasing adoption of the blockchain technology.

Here are some of the problems that people who are unfamiliar with cryptocurrencies face when using blockchain for the first time:

The simplicity of use. Crypto today is not easy to use. The UX is not intuitive and there are many steps that people have to take to get and use crypto. For example, creating an Ethereum wallet is far from trivial, then the wallet addresses are impossible to remember, and on top of that, creating transactions and then choosing the gas price for it can confuse people. Cost of transactions, speed, and scalability. To be widely adopted by the general population, the crypto has to offer cheap and fast transaction. It has to be able to handle millions of transactions each day as its audience can reach hundreds of millions of people. Getting tokens. Most people, by now, have heard about cryptocurrency, however, a majority of them has no idea how to get it. If the aim of a token is to be used by a certain community, then people in that community should be able to earn said tokens without having to buy them from an exchange. Narrow use case. Currently, most cryptocurrencies only work as securities. You can trade them, but you have a limited ability to purchase goods and services with them. People should have the ability to perform a wide range of tasks using cryptocurrencies.

In this article, we will look at how to do Reddcoin and Snax attempt to solve these problems.

Here is the technical information about Reddcoin and Snax:

Technical comparison of Snax and Reddcoin

Both of Reddcoin and Snax aim to make digital currencies to be more accessible to the general public. Both try to achieve it by seamlessly integrating blockchain into multiple existing social networks while making transactions fast and cheap. You can read more about Snax token distribution here.