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10 Facts on Ripple You Should Not Miss

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good introduction to Ripple

Mostly known for its digital money protocol, the Ripple system, and its XRP currency are famous for allowing the seamless exchanges between users using yen, dollars, euros, and others. In 2012, it was made for payments and remittance. They also have their own tokens and a decentralized currency by this time.

However, they soon found out that Ripple would actually be able to send out waves that will rock the world of cryptos. 

As the third crypto, in terms of market cap, Ripple maintains a good position in the crypto community. Despite price fluctuations, it remains a good investment for crypto enthusiasts and entrepreneurs. 

Check out these ten random facts that you should know about Ripple and XRP!

Fact 1: Better than BTC, ETH, LTC and more

As a good introduction to Ripple, we’ll start with how XRP beats Bitcoin, Ethereum, Bitcoin Cash, Dash and Litecoin in a bunch of important features for cryptos— speed, cost, and scalability. These factors are important to keep the software in optimal shape.

Based on research in 2019, here is how the cryptos fare among each other.

Crypto Speed 

(per transaction)

Cost 

(per transaction)

Scalability 

(transactions per second)

XRP 3.6 secs $0.0004 1500 TPS
BTC 2,912 secs $1.65 32 TPS
ETH 93 secs $0.17 16 TPS
BCH 3,794 secs $0.04 64 TPS
LTC 914 secs $0.06 56 TPS

With these three features, XRP performs more transactions in a single second for lower fees. It also charges super cheap transaction fees for anything you might need. 

Fact 2: Ecofriendly

One of the toughest concerns of people on cryptos is how it uses loads of equipment and, of course, electricity during mining. In return, it also costs tons of money to mine single crypto especially the Bitcoin. Miners can mine a single Bitcoin for about $600 as the cheapest rate and about $30,000 as the most expensive.

Regardless of this, the pioneers of the crypto community are continually looking for solutions to remove or even lessen this environmental concern. They are also trying to give back in many ways to the environment, in terms of funds and lots of other ways allowed by technology. 

However, all 100 billion XRP coins are already live. Although they are not in circulation just yet, this makes mining impossible. While becoming efficient crypto, it does not contribute to ecological concerns. 

Fact 3: Security

Having an open-source code and a public ledger, Ripple uses a big population of validators and engineers to ensure that our transactions, data, and exchanges are safe in the system. 

The constant development of the system makes them immune from small to large problems and leads them closer to a complete decentralization. 

Fact 4: Affordability

In terms of seeing the features and benefits of Ripple, you may think that it may be as expensive as ETH. However, you can easily afford Ripple. This allows more investors into the Ripple community. 

You can easily get XRP from both fiat and cryptos and send them straight to your secure Ripple wallets.

Fact 5: 3 in 1 Ripple Suite

The Ripple network has three products under its belt. The suite includes xCurrent, xRapid, and xVia. Each of these has its own purpose with only xRapid focused on XRP sourcing. 

The main product is xCurrent which services the processing of payments. The other one, xVia, handles the delivery of payments. 

Fact 6: Pioneer Crypto

Ripple is not like those new altcoins that are just new to this community. With years of continuous development and proven service, Ripple has been consistent in successfully leading the crypto race along with Bitcoin and Ethereum. 

Fact 7: Not Just a Currency

Like all crypto enthusiasts, our dream is to spend cryptos in daily trades. But, that is far from today’s reality.

Ripple doesn’t budge at that fact since it wasn’t made to be a mode of payment. Instead, it is a network that is designed for the actual process and transfers. This enables XRP to become a very good and cheap alternative than current means. This is not only for the crypto community but also for other groups. 

Fact 8: American Express and Ripple

Ripple is partnered with the American Express (AMEX). This partnership had started in 2017. Last 2019, they had officially announced the use of xCurrent, a financial solution based on blockchain. 

The vice-president and general manager of the most famous credit card company stated his best remarks as the system allowed ‘instantaneous, point-to-point conversation’ for the exchange of funds of their users. 

Fact 9: Ripple and Banks

Because of its digital money protocol, this system is not only used by crypto enthusiasts but also by big banks. Ripple is used across 40 countries for its cross-border and real-time transactions. 

Although not directly applicable to other cryptos, Ripple shows the crypto community to the rest of financial institutions as a viable solution to big societal problems. 

Fact 10: XRP vs Ripple

As a fun fact, XRP is the name of the currency of Ripple. 

It is not an abbreviation like BTC is to Bitcoin or ETH for Ether. Therefore, there is no such thing as buying 10 Ripple (system) as you are really buying 10 XRP (crypto).

Undoubtedly, Ripple is a finance and crypto network that is sure to stay for a very long time. 

Ethereum

How can Ethereum casino improve the online gambling industry?

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Ethereum Casino

The undisputed king of the cryptocurrency industry is Bitcoin for the moment. This is an undeniable fact, maybe because it was the first and has been around for more than 10 years. But coming in a close second place is the Ethereum that has also been around for quite some time now. When it first emerged, ETH brought some major improvements to the table, most notably even faster speeds of transactions and the smart contract technology. From the get go, crypto casinos noticed the potential of Ethereum and that’s how the first ETH Casinos started to emerge. Since then Ethereum Casinos started going full throttle towards the progress of the gambling industry, bringing with themselves a ton of massive improvements that are truly revolutionizing the casino world.

The speed of Ethereum Casino

The first thing that everyone in the casino world notices is the incredible speed of the ETH Casinos. This is due to the fact that Ethereum uses smart contact technology that allows players to deal directly with the casino. This cuts down the time significantly and all processes are completed within a matter of minutes. For example, the classic online casinos take days to finalize the transactions, because they wait for 3-rd party organizations like banks. In case of Ethereum Casino, the deal happens directly, which translates into transfers that are made almost momentarily.

Security and Anonymity of Ethereum…

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Manufacturing Blockchain Company Syncfab Featured in NASDAQ Entrepreneurial Center’s Event in Times Square

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The NASDAQ Entrepreneurial Center hand-picked several advanced projects and companies to provide individualized mentorship and executive coaching in an effort to support tech startups working on various COVID-19 solutions. As part of the program, the NASDAQ Tower in Times Square broadcasted its Milestone Makers COVID-19 Solutions Cohort live last Wednesday.  

Time-tested communications and manufacturing supply chains have been significantly damaged this year due to the pandemic. This is why manufacturing blockchain company SyncFab was one of the headliners at the conference. Supply chains have become all but non-responsive, and innovative solutions are being prioritized.

SyncFab has built and launched an advanced blockchain platform for supporting smart supply chains and allowing users to source, procure, track, secure, and pay for precision spare parts. Led by Forbes Business Council Member Jeremy Goodwin, SyncFab brings real-time capacity savings opportunities alongside addressing the billion-dollar pain points in manufacturing supply chains. It connects automotive, aerospace, and medical manufacturers with more cost-effective suppliers using blockchain-secured transactions.

“In 2020 the time has finally arrived for industry to jettison the limitations of old-fashioned manual procurement processes,” said SyncFab CEO Jeremy Goodwin in his presentation during the conference. He added that “looking forward, we [SyncFab] will expand supplier coverage, add new supplier response incentive and purchase order programs, and continue to innovate post-procurement blockchain traceability features” to meet shifting needs in the industry.

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Ways To Become A Successful Trader

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If you want to start trading then you can trade in Forex market where you will find some great trading opportunities and you can take advantage from it if you know how to play the game in this market. At an early stage of trading almost all traders thinks that trading is all about setting up chart and entry and exit points. But if you want to be professional in this industry you must need to have knowledge about trading strategies, money management and should have control over your emotions. Now we are going to talk about a few tip which going to help you to stay alive in the trading game.

Study the Forex market

Having a sound knowledge about Forex trading is must if you want make a living from it. Traders need to know how this market works, the different currency pairs, how they behave, support and resistance and bid-ask price. There is also some complicated concepts like pips, spreads, leverage, slippage, commission etc. about which you need know clearly and able to calculate it without any confusion. You can analyze this market both technically and fundamentally, so you have to learn how to do them. There are lots of financial news publishes every day and a trader must need to understand those announcement and able to find out how the market can react to that news.

Choose…

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