Bitcoin vs Ethereum vs Ripple: Comparing The Cryptos

Bitcoin vs Ethereum vs Ripple: Comparing The Cryptos

Ripple, or XRP, now has a market capitalisation of Dollars 122.7 billion and remains solidly in second place to bitcoin, which has a market value of about USD 251 billion, the website showed. Furthermore, the source code of Ripple's technology is privately owned by the company, another factor that draws the ire of cryptocurrency members.

'This is beyond insane, ' Jeremy Gardner, an investor who used to work at the virtual currency hedge fund Blockchain Capital, told The New York Times. Really, the story was about everything else not named bitcoin.

This rumour prompted the value of Ripple to jump from around $US2.50 per coin to $US3.80 ($3.18 to $4.85) - in other words, it increased by about 50 per cent pretty much overnight. If we exclude bitcoin's market cap from the equation, the aggregate value of every other virtual currency catapulted from $2.24 billion on December 31, 2016, to $374 billion by December 31, 2017.

The price of ripple has increased by 1240 per cent in the last 30 days, from around 25 U.S. cents to $US3.38, surging past bitcoin cash and ethereum to become the second largest cryptocurrency.

So what exactly is ripple, what makes it different from bitcoin, and what's behind the surge in interest? Ripple's website also says that the XRP coin has a four-second settlement time, versus more than two minutes for ethereum and over an hour for bitcoin.

According to Ripple CEO Brad Garlinghouse, Ripple has done very well because it can be very useful for a low-fee payment method.

Ripple is trying to solve this problem via its technology.

Unlike bitcoin, Ripple is a company that has created coin known as XRP that is aimed at enterprises. "We're going to be adding other digital currencies that have their own blockchains and never did ICOs (initial coin offerings) - with the exception of Ethereum". "From American Express to Santander and Standard Chartered, Ripple's adoption by financial institutions is on the rise - which has strengthened the demand for XRP", he said. It's expected that these transactions will settle instantly, which would be a massive improvement over the sometimes days-long verification process banks put cross-border payments through. With most publicly traded stocks, you have the opportunity to buy and sell, as well as short-sell and buy options, in order to make money.

In the Bitcoin vs Ethereum vs Ripple war, there is obviously only one victor in the price department. It is not hugely surprising to learn that Ripple has a message advantage here too, as both Bitcoin and Ethereum have acquired huge backlogs and ecosystems by now. Most cryptocurrencies lack this clearly defined goal - but not Ripple.

Related Articles

  • Rat on Plane Cancels Alaska Airlines Flight From Oakland to Portland

    Rat on Plane Cancels Alaska Airlines Flight From Oakland to Portland

    Alaska Airlines said that it will resume using the plane after a professional exterminator confirms that the plane is rodent-free. Some passengers are scheduled to fly out on Wednesday. "The pilot said he didn't want it around his feet", Hintz said.
    Experts Rank The Best Diets For 2018

    Experts Rank The Best Diets For 2018

    After all, processed foods like bacon and other red meats aren't necessarily great substitutes for bread and starchy products. Things to keep in check? Adherents cut down on fat overall, especially saturated fat.
    Rush to fix 'serious' computer chip flaws

    Rush to fix 'serious' computer chip flaws

    But in a matter of hours, more evidence have surfaced showing that the vulnerabilities have massive industry wide implications . And that is what distinguishes them from previous security alerts that have tended to involve software rather than hardware.
  • Reggie Bush to lead 'Who Dat' chant at Saints vs. Panthers game

    Reggie Bush to lead 'Who Dat' chant at Saints vs. Panthers game

    The Saints and Panthers have faced off 46 times since 1995 with Carolina holding a 24-22 advantage in the all-time series. The Carolina Panthers will battle the New Orleans Saints in the Wild Card round of the postseason.

    Huntington Bancshares (HBAN) Price Target Raised to $16.50

    It is negative, as 38 investors sold HBAN shares while 175 reduced holdings. 48 funds opened positions while 156 raised stakes. New England Research And Mngmt Incorporated invested 1.27% of its portfolio in Apple Inc. ( NASDAQ :AAPL) for 231,329 shares.
    A Cadbury's Creme Egg TRIFLE exists and wow, we're totally drooling

    A Cadbury's Creme Egg TRIFLE exists and wow, we're totally drooling

    Supermarket staff have been accused of hatching a plan to find white Creme Eggs by opening them before shoppers have chance. Ryan Reeves tweeted: "Sainsburys, the search for a white chocolate creme egg has gone to your employees head clearly".
  • Lucknow Haj House painted saffron from green and white

    Lucknow Haj House painted saffron from green and white

    The colour saffron is most often associated with Hinduism, and especially with the the Sangh Parivar of which the BJP is a part. The Haj House facilitates remote check-in, pre-immigration and pre-customs checks for pilgrims.
    Australia to allow medicinal cannabis exports

    Australia to allow medicinal cannabis exports

    The medicinal cannabis industry in Australia is now limited, but it's expected this move will see it expand significantly. The growth of weed Down Under is still relatively small as recreational use still remains illegal.
    Today's Transfer Rumour Involving Andy Carroll Is The Strangest In Years

    Today's Transfer Rumour Involving Andy Carroll Is The Strangest In Years

    Is he good enough to play in the Champions League for one of the biggest clubs in Europe? Morata himself was subject to severe criticism following his display against Arsenal.
  • Navios Maritime Midstream Partners (NAP) Earning Somewhat Positive Media Coverage, Report Finds

    The firm charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters. Owl Creek Asset Management L.P. holds 0.19% of its portfolio in Navios Maritime Acquisition Corporation for 2.76 million shares.
    LSU fighting hard to keep DC Dave Aranda in Baton Rouge

    LSU fighting hard to keep DC Dave Aranda in Baton Rouge

    LSU's defense has been dominant under Aranda, finishing the 2017 season 12th in total defense after finishing 10th in 2016. Orgeron was promoted to interim coach in 2016 after Les Miles was sacked and given the permanent job in 2017.
    Winter pressures put huge strain on Welsh NHS

    Winter pressures put huge strain on Welsh NHS

    A number of ambulance services are also under severe pressure, with two even resorting to taxis to ferry patients to hospital. THERESA MAY today apologised for delays to the NHS - admitting it is "difficult, frustrating and disappointing" for patients.