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Ripple Vs Bitcoin

Ripple Will Be Bigger Than Bitcoin If It Hits $7

Ripple Will Be Bigger Than Bitcoin If It Hits $7

Market capitalization has become an obsession with many cryptocurrency watchers. It refers to the value of the entire digital currency in circulation and is worked out by multiplying the supply of the virtual coin by the price per unit. With bitcoin , the largest cyrptocurrency by market cap, having a quiet start to the year, many investors are looking at alternative cryptocoins. Ethereum and ripple , for example, have seen fairly strong rallies to begin the year . And many are wondering which one could usurp bitcoin as the biggest cryptocurrency. Ethereum and ripple have been jostling for the second spot, and that has changed depending on price. That jostling turned volatile on Monday as the price of ripple tumbled . Bitcoin also fell, while ethereum gained in value. Ripple's current circulation is 38,739,144,847 digital coins. At Monday's earlier price of $2.49, its market cap was $96.46 billion, according to CoinMarketCap.com. Bitcoin's market cap, meanwhile, was $254.2 billion on Monday. For ripple to surpass this, the cryptocurrency would only need to get to $6.57. This would require a rise of 164 percent. It rose nearly 36,000 percent last year. Ethereum has a circulating supply of 96,846,982. Its current price is $1,119, according to CoinMarketCap. Its market cap is $108.3 billion. Ether would need to rise to around $2,700 to surpass bitcoin's value. This would require a 134 percent rally from Monday morning's price, which is smaller than the rise required by ripple. Both these cryptocurrencies benefit from having larger circulating supplies than bitcoin. It means the price of each digital coin can be lower to achieve a higher market cap. Bitcoin's supply is capped at 21 million with the current supply standing at 16,789,425. With bitcoin's dominance standing at Continue reading >>

Ripple Price 2018: What Is Ripple? Is It Better To Invest In Xrp Than Bitcoin?

Ripple Price 2018: What Is Ripple? Is It Better To Invest In Xrp Than Bitcoin?

Ripple is both a transaction network and crypto token, XRP, that was launched in 2012. But ripples foundations are actually older than bitcoin itself and can be traced back to 2004 when it was conceived by creator by Ryan Fugger. The ripple token was created as the go-to cryptocurrency for banks and global money transfers ripples creators tout it as the fastest and most scalable digital asset for real-time payments anywhere in the world. Ripples leaders believe that the tokens main selling point is its liquidity, speed and low transaction fees. Brad Garlinghouse, CEO of Ripple, said: The liquidity needs of banks today is managed with literally ten trillion of float that sits in these nostro and vostro accounts. Ripple's managment promises faster transaction speeds and lower fees than bitcoin We believe very strong this is an inefficient model. You can use digital assets to fund liquidity, and Ripple is uniquely positioned to capitalise on that. Bitcoin takes four hours to settle a transaction. XRP takes 3.6 seconds. This boost in XRPs price could be attributed to XRP becoming available on more exchanges However unlike bitcoin, ripple was never conceived to become a method of payment for online purchases. It was instead meant to compete with transaction systems such as SWIFT. Is it better to invest in ripple or bitcoin? Ripple price has significantly increased this year, indicating there is a buzz around the token, but it remains to be seen where these prices are headed in the long-term. Iqbal Gandham, managing director at eToro thinks ripple is in a good position right now, with evident market interest. Ripple's market capitalisation is now second only the market cap value of bitcoin He said: This boost in XRPs price could be attributed to XRP becoming available on mor Continue reading >>

What Is Ripple And Why Is It Beating Both Bitcoin And Litecoin?

What Is Ripple And Why Is It Beating Both Bitcoin And Litecoin?

What Is Ripple and Why Is It Beating Both Bitcoin and Litecoin? Forget Bitcoin. So long Litecoin. Theres a new cryptocurrency on the rise. Ripple, which was designed for banks and global money transfers, has seen the value of its XRP digital currency skyrocket in the past three days. On Dec. 10, the company had a market capitalization of just over $9 billion. As of Wednesday morning, that market cap had more than doubled to $18.1 billion. Prices for an individual Ripple XRP are considerably more affordable than its alternatives, making it even more attractive to cryptocurrency speculators. As of late Wednesday morning, a single XRP cost just 47 cents , a 66% jump from yesterdays close, according to CoinMarketCap. This surge has pushed Litecoin down to the fifth most valuable cryptocurrency. Both Ripple and Litecoin are still far below Bitcoin and Ethereum, however. While it wasnt released until 2012, Ripple is actually older than Bitcoin. The original version of the company was created in 2004 , according to Bitcoin Magazine. It never really went anywhere, though, until it put a professional management team in place, which included E-Loan co-founder Chris Larsen and Jed McCaleb, founder of MtGox. Ripples cryptocurrency has been adopted by banks and other financial institutions. Those companies believe Ripples system offers both better prices and is more secure than other digital currencies, including Bitcoin. It allows users to send, receive, and hold any currency in a decentralized way via the Ripple network. The company is cash-flow positive and holds a vast store of XRP, which it periodically releases into the market. But the real appeal of Ripples XRP for banks is its liquidity. The liquidity needs of banks today is managed with literally ten trillion of float that Continue reading >>

Bitcoin And Other Popular Cryptocurrencies Are Crashing Yet Again

Bitcoin And Other Popular Cryptocurrencies Are Crashing Yet Again

Ripples is the most significant drop, with the coin having lost more than 17% of its value compared to Sundays prices Ripple has been sliding for a couple of days now. Why are prices dropping again? Theres no good answer right now. Fears persist that more regulation is looming, and some investors may be worried about losing the fortunes theyve already invested in Bitcoin and other coins. Reports last week that South Korea and China are looking to regulate the crypto exchange business led to the price crash we talked about a few days ago. Right now, no real bad news can explain the new dips. Peter Boockvar, Chief Investment Officer at Bleakley Advisory Group, told CNBC the other day that Bitcoin might drop to as low as $1,000 this year. He added that the stock market could see some collateral damage, but it would be all psychological, not a sign theres something wrong with the economy. In a different CNBC report, Robert Shiller, Nobel-prize winning economist, told the network that Bitcoin will likely totally collapse, just like the tulip mania that captured the Netherlands centuries ago. He also agreed that Bitcoin might still be here in 100 years, though. Are there reasons to worry? Well, The Sun says that panicky Bitcoin investors struggle to withdraw their cash from money exchanges, as they fear virtual currencies will continue to collapse. And theyre now turning to other investments. European gold traders report a five-fold increase in demand amid fears that Bitcoin could crash, for example. Continue reading >>

What Is The Difference Between Bitcoin And Ripple?

What Is The Difference Between Bitcoin And Ripple?

What Is The Difference Between Bitcoin And Ripple? {{article.article.images.featured.caption}} Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. {{article.article.magazine.subscription_text}} There is so much hype and confusion in the blockchain, distributed ledger and cryptocurrency world and one name that keeps increasignly coming up in that space is Ripple. I often get asked aboutthe difference between Bitcoin (still the best known cryptocurrency based on blockchain) and Ripple. So in this post I try to explain what exactly Ripple is and what makes it different from Bitcoin. Before I go into any more detail,always, remember that investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. While Bitcoin is a digital currency intended as a means of payment for goods and services, Ripple is a payment settling, currency exchange and remittance system intended for banks and payment networks. The idea is to provide a system for direct transfer of assets (e.g. money, gold, etc.) that settlesin almost real-time, and is a cheaper, more transparent and secure alternative to transfer systemsused by banks today, such asthe SWIFT payment system . Bitcoin is based on blockchain technology, while Ripple doesn't useblockchain but uses a distributed consensus ledger using a network of validating servers and crypto tokens called XRP (sometimes referred to as Ripples). XRP which is the actual cryptocurrency is a token which is used on the Ripple network to facilitate transfers Continue reading >>

Ripple Vs Stellar - Which Coin Will Win? - Bitcoinist.com

Ripple Vs Stellar - Which Coin Will Win? - Bitcoinist.com

Both of these highflyers are taking the crypto community by storm. Which one will fare better in 2018? Who do we believe will outperform the other? Find out. If Ripple is theGoldman Sachs ofcrypto, Stellar is its antagonist, Robin Hood, with the latter pointing out that the former is hanging onto to nearly 60% of the originally issued Ripple tokens. Which in my ledger implies they can easily manipulate their own market. For reference, 60% is a towering percentage of founder ownership. So Wall Street has found their Crypto God and they are lifting their gaze to the blockchain to pray for more prophets. In contrast, Stellars Robin Hood has bequeathed control of their excess supply of tokens to a non-profit called the Stellar Development Foundation which has no stock or profits given to individuals. Moreover, its backed by a benefactor, No one has ever been fired for using IBMs coin. Yes, I made some of that up, but Watson ordered me to write it. Comparing the two competing teams, youre quickly struck by the difference in their governance. Ripple consists of ex-bankers and an advisory board of global financial institutions , while Stellar casts a group of start-up veterans like WordPress founder Matt Mullenweg Y Combinator President Sam Altman. Dig a little deeper, and one also realizes that Ripple is funding its own competitor in Jed McCaleb , Co-Founder of Stellar. McCaleb started out as a co-founder of Ripple but has been banished by its Sheriff and the rest of Rippleham. In a fitting twist of fate, McCabe still receives $20,000 per week from Ripple and a huge lump sum due in 2019 . Big Blue seems intent on reclaiming its most popular tech darling in the world status by jumping into the Blockchain with both feet. They have assumed the role of Little John to the crypto Continue reading >>

Ripple Price: Will Ripple Overtake Bitcoin? Can Xrp Market Cap Surge Past Btc?

Ripple Price: Will Ripple Overtake Bitcoin? Can Xrp Market Cap Surge Past Btc?

The finance expert said: For Rippleto surpass this, the cryptocurrency would only need to get to $6.57. This would require a rise of 164 percent. It rose nearly 36,000 percent last year. Mr Kharpal argued that it would not be impossible for either Rippleor ethereum to claim the top spot in in the charts sometime in the future. At the moment, ethereums ether token stands a better chance of gaining the upper hand on bitcoin , the expert added. Ripple vs Bitcoin: The XRP token surged last week to overcome ethereum in the marksts Ethereum will only need to grow 134 percent on its Monday morning prices to claim the crowning glory in the crypto markets, compared to Ripple's164 percent. For Ripple to surpass this, the cryptocurrency would only need to get to $6.57 Mr Kharpal said: With bitcoin's dominance standing at record lows, and alternative cryptocurrencies seeing big price leaps, it's not inconceivable that either ether or Ripplecould claim the top spot in terms of market cap soon. Of course, if bitcoin sees a surge in price this year, it will make it harder for either cryptocurrency to surpass it. But some analysts have dismissed the speculation surrounding Ripple'svalue and warned its end-of-year bull run is a tell-tale sign of an impeding crypto bubble. Ripple prices: XRP rallied last month to all-time highs but has since somewhat plummeted in value As of 5.13pm on January 8, Ripple'sprices are down more than 25 percent on Sunday and have been on a slow downward trajectory since January 4. Erik Voorhees, CEO of cryptocurrency exchange ShapeShift, tore into the token and accused it of using established banks to boost its legitimacy. He said: "The reason Rippleis surging so much is it's a bubble. "Testing crypto with banks doesn't make sense. The whole idea of crypto i Continue reading >>

Ripple Vs. Bitcoin: 5 Biggest Differences Between The Cryptocurrencies

Ripple Vs. Bitcoin: 5 Biggest Differences Between The Cryptocurrencies

Ripple vs. Bitcoin: 5 Biggest Differences Between the Cryptocurrencies Ripple is making waves. The cryptocurrency has burst onto the scene at the start of this year, with a surging value thats pushed Ethereum aside to grab the title of second-largest token. Theres a number of key differences between Bitcoin and Ripple. The former was first outlined back in 2008, and following a big run at the end of last year now holds value of $16,426 per token. Ripple, founded in 2012, has seen big interest from businesses including three Japanese credit card companies. It currently holds a deceptively low value of $3.12 per token. Here are some of the key differences between the two cryptocurrencies, and what you need to know most: Bitcoin and Ripple have very different governance and ownership structures. Bitcoin is highly decentralized and open source, owned by a community that agrees on changes. This can make upgrades tough. Developers can use soft forks to avoid irreversible splits, which are backwards-compatible changes to the systems use that allows nodes to opt in and out of the changes, avoiding breaks in the network. However, at least 51 percent of bitcoin mining power needs to support the change to avoid an irreversible hard fork . Ripple is owned by a private company, and its internal ledger is a more closed affair. The companys consensus-seeking approach can allow for faster upgrades. With the amendment system , developers seek consensus before making changes to the network. In most cases, if an amendment receives 80 percent support for two weeks, it will come into effect and all future ledgers must support it. This enables a democratized approach to development that allows for changes while avoiding irreversible splits. Bitcoin and Ripple have conflicting approaches to Continue reading >>

Bitcoin Vs. Ripple: A Side-by-side Comparison | Finder.com

Bitcoin Vs. Ripple: A Side-by-side Comparison | Finder.com

To quell fears that Ripple would flood the market with XRP at a later date, 55 billion XRP tokens were put into escrow for gradual release. A smart contract enforces the release of this XRP from escrow. The XRP assets in escrow are set to be released to Ripple at a rate of 1 billion a month over the course of 55 months. Any unused portion of the XRP released that month will go back into escrow for another month at the end. Assuming 50% of the newly released Ripple is used each month, it would take 15 years for 90% of the 55 billion to get released into the market. Each bitcoin (BTC) is a straightforward store of value. You can transfer it on the bitcoin blockchain and convert it into fiat currency (such as US dollars) by selling it on an exchange. It is worth a certain amount and is transferable. Ripple XRP is slightly more complicated in function and purpose. The problem with international money transfers International money transfers are slow, inefficient and expensive. A typical international payment from the US takes 3-5 days to settle, has an average cost of $42 and an error rate of at least 5%. Ripple aims to make it happen instantly, at negligible cost and with a 0% error rate. Other than the technical challenges, the main problem with international money transfers is liquidity. Unless the receiving bank has enough money on hand, in the correct currency, it cannot let the customer access the funds. Ripple solves this by letting XRP serve as a pool of liquidity. Banks, international companies and anyone who needs to make international money transfers will be able to hold a pool of XRP to draw upon for instant liquidity anywhere in the world. With this system, a money transfer can actually be as simple as sending data, instead of as complicated as sending actual m Continue reading >>

Ripple's Xrp Is Tumbling While Bitcoin Climbs

Ripple's Xrp Is Tumbling While Bitcoin Climbs

Ripple's XRP is tumbling while bitcoin climbs XRP is down 13% Friday while bitcoin is up 8%. Ripple CEO Brad Garlinghouse is defending the company against negative claims made by the New York Times on Friday. Ripple's XRP cryptocurrency slumped as much as 34% Friday morning, trading down to $2.45 a coin, after New York Times reporter Nathaniel Popper said he was unable to verify many of the cooperating banks the company had previously announced. CEO Brad Garlinghouse denied those claims. Meanwhile bitcoin , the only cryptocurrency worth more than XRP by market cap, was trading up 7.9% at $16,465. Here's Popper: Ripple CEO Brad Garlinghouse responded, saying that his company had set up interviews for Popper, and that he would be able to verify the its claims by speaking to those people. It's not clear the subjects of those interviews, or whether they had actually been scheduled. Ripple has been on a tear since late last year, exploding in value by over 37,000% making it the second-largest cryptocurrency with a market capitalization of $115.1 billion, according to CoinMarketCap.com Those massive gains have made many of its founders, who own billions of the digital XRP tokens, millionaires. Chris Larsen, who co-founded the company but no longer serves as an executive, owns 5.19 billion XRP , worth more than $12 billion at Friday's exchange rate. Ripple touts its XRP cryptocurrency as a liquidity solution for global payments and money transfers. Many of XRP's gains correlate with agreements signed with major banks around the world, including Britain's Standard Chartered, which has also invested in the company. Continue reading >>

Ethereum Vs Ripple (xrp): Which Cryptocurrency Will Beat Bitcoin First?

Ethereum Vs Ripple (xrp): Which Cryptocurrency Will Beat Bitcoin First?

Ethereum vs Ripple (XRP): Which Cryptocurrency Will Beat Bitcoin First? Ethereum vs Ripplethis may seem like a lightweight cryptocurrency encounter when compared to Bitcoin , but one day one of these digital solutions may exceed the value of the pioneer. But how do the two systems compare, and which one is better placed to achieve this? While Bitcoin is still worth far more than Ethereum, the second largest cryptocurrency has at least closed the gap somewhat. Ripple is valued at a mere fraction of either Bitcoin or Ethereum, but is considered to have upside potential due to the nature of the system and the ties it has already made. One of the key aspects in the Ethereum vs Ripple comparison is the way that the two cryptocurrencies market themselves. Ethereum is considered rather similar to Bitcoin, effectively a digital token intended as a unit of exchange. While Ripple has marketed itself as a useful mechanism in cross-border transactions in particular. It is notable that the banking industry has got on board with Ripple perhaps more than any other blockchain product. This is because the financial sector wishes to apply rules to the blockchain that achieve cost-efficiencies and improve profits through the effective deployment of technology. This is partly why there has been such hostility towards Bitcoin, which is essentially a libertarian response to the centralized nature of the banking system. By contrast, Ripple has been criticized by advocates of cryptocurrency for being decentralized, which it is asserted goes against the very ethos of the cryptocurrency revolution. This possibly could be a disadvantage in achieving the sort of breakout value that has already been applied to both Bitcoin and Ethereum. But it will be an advantage in terms of attracting the mainst Continue reading >>

Bitcoin Vs Ethereum Vs Ripple: Comparing The Cryptos

Bitcoin Vs Ethereum Vs Ripple: Comparing The Cryptos

Bitcoin vs Ethereum vs Ripple: Comparing The Cryptos The cryptocurrency niche is becoming somewhat crowded, and increasingly defined by a Bitcoin vs Ethereum vs Ripple war! These three cryptos can be considered the market leaders, with Bitcoin the most established, Ethereum the major challenge to its supremacy, and Ripple having made a big splash in a short period of time. Although each of these products has generated a significant amount of noise in their short lifespans, many people still only have a sketchy understanding of the differences between the major crypto players. So here ValueWalk gives a rundown on the differences between the three, and assesses how the Bitcoin vs Ethereum vs Ripple battle is shaping up . When making the Bitcoin vs Ethereum vs Ripple comparison, there are four key areas to look at. The first of these is scalability; namely, how many transactions can be conducted by the cryptocurrencies every second. It is in this area that we can instantly see a massive difference between the three, and begin to understand how Ripple has indeed made such a Ripple! While both Ethereum and Bitcoin are scalable, the latter achieves a maximum number of transactions of 7 per second, while Ethereum can deliver nearly double this with around 15 per second. These figures may sound as if they hand Ethereum a major advantage, but Ripple absolutely blows both of the major players out of the water in this department. Ripple is capable of delivering a staggering 1,500 transactions every second, providing it with a huge advantage over Bitcoin and Ethereum. It is this above all else which has led to the early prominence of Ripple, and which could play a major part in the development of the cryptocurrency sector. Another major front in the Bitcoin vs Ethereum vs Ripple b Continue reading >>

Ripple Vs Bitcoin Comparison

Ripple Vs Bitcoin Comparison

Ripple vs Bitcoin: Solving Different Problems Although Ripple shares some similar characteristics with Bitcoin , it is a vastly different project. As a cryptocurrency, it uses cryptography to secure transactions, but it doesnt actually have a public blockchain. Instead, it has a network of nodes that validate transactions, but these are not necessarily anonymous P2P nodes, they are participating banks and financial institutions. Ripples coins, known simply as Ripple or XRP, were not mined into existence, they were simply issued. And unlike Bitcoin which exists by virtue of a distributed network of participants, Ripple is not only the name of the coin, it is also the name of the company that developed the protocol. Unlike Bitcoins pseudonymous founder, Satoshi Nakamoto, the Ripple founders developed Ripple in the open, with Ripple even applying for and being awarded a New York BitLicense to operate. So from the get-go, we see that this is an apples and oranges comparison. Ripple is considered a bit of an oddity among cryptocurrencies because it doesnt have its own public blockchain. Internally, the XRP Ledger network runs on an internal blockchain which they call an Enterprise blockchain ledger, it doesnt use proof-of-work and little else is known about it. Ripple was originally designed as an asset transfer system, for the purpose of sending instant and secure transactions across network participants. The idea was that anything digital of value could be transacted, including fiat, cryptocurrencies, commodities, even loyalty points and mobile credits. The native Ripple cryptocurrency token was added at a later stage of development and can be used for settling trades on the network. Ripple certainly doesnt share the cypherpunk roots of Bitcoin and other cryptocurrencies, Continue reading >>

Bitcoin Alternatives: Bitcoin Vs Monero, Ethereum, Bitcoin Cash, Ripple, Litecoin And More | Wired Uk

Bitcoin Alternatives: Bitcoin Vs Monero, Ethereum, Bitcoin Cash, Ripple, Litecoin And More | Wired Uk

Bitcoincash/Ripple/Litecoin/Ethereum/CryptoKitties/Stellar/Composite Bitcoins surge may be ending. The cryptocurrency took the spotlight last year, skyrocketing into mainstream consciousness with a massive price rise. Whilst it still holds the highest value, the price of a single Bitcoin halved at the beginning of 2018 and there's no telling where it will go next. In the meantime, here are the alternative cryptocurrencies rising in its shadow and promising something different. Okay, so the first alternative is not that far removed from Bitcoin itself. When Bitcoins market value soared last year, everyone wanted in and started investing. This created a backlog of transactions because miners couldnt add enough blocks in time . Bitcoin Cash split off from the original back in August 2017 to solve the problem. Known as a Hard Fork , Bitcoin Cash works the same, except its blocks were increased from 1mb to 2mb of data to help speed up transactions and keep fees down. Since Bitcoin dipped, however, the price of Bitcoin Cash has gone the same way. Ripple, also known as XRP, is the latest bitcoin rival to enjoy success after a value surge at the end of 2017 , turned it into the second most valuable cryptocurrency by market capitalisation. Unlike the highly decentralised Bitcoin, Ripple has links to financial institutions; it was launched in 2012 for legitimate banks to make global money transfers . Its harder to get than other cryptocurrencies as you have to pay for it with Bitcoin or Ethereum, but it is a lot cheaper, at just under a pound. For now. Ethereum was created by teenaged hacker Vitalik Buterin back in 2014 and quickly rose to cryptocurrency fame. Ethereums coins are referred to as Ether, and just like Bitcoin you can trade your real-world cash for some virtual coin Continue reading >>

Bitcoin Vs Xrp: Side-by-side Comparison | Finder.com.au

Bitcoin Vs Xrp: Side-by-side Comparison | Finder.com.au

Not only is bitcoin (BTC) the oldest and most widely recognised cryptocurrency in the world, its also the largest. But the crypto marketplace is becoming increasingly crowded, with a diverse range of digital coins and tokens battling for their piece of the pie. XRP (XRP) is one of the leading competitors. Having become closely associated with San Francisco tech company Ripple, XRP is an independent asset designed to allow for faster and cheaper international payments. XRP is sometimes referred to as the next Bitcoin, but is that really the case? To find out, lets take a closer look at the similarities and all-important differences between bitcoin and XRP. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Satoshi Nakamotos 2008 paper outlined a vision for a form of peer-to-peer electronic cash known as bitcoin. Launched in 2009, the worlds first digital currency is based on a peer-to-peer network secured by cryptography, and theres no central authority that governs bitcoin. Bitcoin holders can transact directly with one another, with all transactions recorded in a public ledger known as the blockchain. Once a transaction has been added to the blockchain, its details cant be removed or altered in any way. These transactions are verified and the network secured by volunteers known as miners , who use their computing power to solve complicated mathematical problems. Meanwhile, XRP is a more recent arrival on the cryptocurrency scene. Its history dates back to the start of 2012 and the founding of the San Francisco fintech company now known as Ripple. Ripples aim is to provide faster, cheaper and more reliable international payments between banks than Continue reading >>

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