Bitcoin and Ethereum vs Visa and PayPal – Transactions per second
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The occupant of the third place, Bitcoin Cash will not be the subject of this article, being a Bitcoin derived from Segwit. Basically there is not much to say about Bitcoin Cash. An article of this type was absolutely necessary. Ripple is a payments network built on blockchain that provides onefrictionless experience to send money globally.
Unlike existing siloed networks, Ripple powers payments across networks with unmatched global reach for real-time payments at the lowest cost. XRP is a digital asset that can be used on the Ripple network to lower liquidity costs while minimizing settlement risk and delays. Being built for commercial use, XRP provides banks and payment providers with a first on-demand liquidity option for cross-border payments.
It is the fastest and most scalable digital asset that allows real-time global payments. Currently over institutions use Ripple cross-border payment technology.
In the summer of this year, Ripple created a suite of three tools specifically designed to be used for cross-border payments. The day before the Swell conferenceRipple announces that: Also such transfer takes 4 seconds while the classic Swift transfer takes between 3 and 5 days.
The value of this program is million dollars. Below is a picture where you can see the place of XRapid and the XRP currency in cross-border payments:. Ethereum is a decentralized platform that runs smart contracts: So, is it like Bitcoin? Well, yes and no. The two share the fact that they were built using public network technology — known as blockchain — but here is the similarity between them.
Bitcoin offers a single application, a peer-to-peer electronic currency exchange system that allows for online payments, that is, in other words, a coin in its purest form. While Bitcoin uses blockchain technology to identify Bitcoins, Ethereum uses a blockchain as a platform to run virtually any decentralized application. One of the most popular uses of the Ethereum platform, is the design and issuance of its own cryptocurrency. Many of the coins currently in existence on Crypto Market were created using the Ethereum blockchain platform.
This year, Ethereum had a hardfork upgrade, called Metropolis Ethereum 3. Bitcoin is the entry currency on the Crypto Market.
Most coins currently on Crypto Market can be bought with Bitcoin. Also, worldwide, Bitcoin is well-known. At present, there are a lot of companies and sites in the world that accept Bitcoin as a payment method. There are many, so I will list only the most famous: And yet, Bitcoin is far from global adoption. Bitcoin has problems in terms of transfer costs, especially in low-value transfers. This year, as a result of misunderstandings between developers and the mining community, Bitcoin suffered two segwitts resulting in Bitcoin Cash and Bitcoin Gold.
This year, Bitcoin had an upgrade called Lightning. As you have seen, each of the three virtual currencies has a different field of activity. None of the three coins are direct competitors. The only thing they have in common is the blockchain technology.
The best example is Ethereum. Who bought this currency two years ago, when his price was 0. XRP may have a similar evolution when it enter the mainstream, in the coming years. We hope all three currencies will develop positively in the years to come. Below, you can see a graph with the general capitalization of Crypto Market, starting in Crypto Market will attract more and more money from other capital markets.
Here I am referring especially to money drawn from Forex and Stock Market. Why would a Forex trader migrate to the Crypto Market? Because Forex is the most risky market. Because on Forex, money is hard to win and easy to lose.
A Forex trader would find it easier to make money on the Crypto Market. Why would a Stock Market trader migrate to the Crypto Market? Founder and Editor of RippleCoinNews. Passionate about how technology can empower people to create a more just and sustainable world.
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Scalability transactions per second.
