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Ripple vs XRP: The Company and the Coin

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Ripple vs XRP
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The world of cryptocurrencies can often be confusing to newcomers. Not only do they have to understand a huge number of new terms, how everything works, and how to find a good project to invest in, but they also have to deal with issues that are sometimes complicated to understand even for those with experience.

Perhaps the best example of how complex the crypto world can really become from the second largest cryptocurrency by market cap, XRP.

The first thing to understand — which is also something that a lot of investors find complicated — is that XRP is not the same as Ripple.

Ripple and XRP

XRP is the second largest coin in the crypto world. It used to hold the third place, but its expansion and increased usage secured additional funds, and the coin managed to beat Ethereum, which was strongly impacted by bearish market and intense competition. Now, XRP is second only to Bitcoin.

XRP was developed by a company called Ripple Labs, and because of this, it was originally known as Ripple. However, due to the confusion that followed, where it was difficult to tell whether others are talking about the coin or the company, it was renamed to XRP.

Today, it is a native cryptocurrency of the XRP distributed ledger, which is open-source and, according to Ripple Labs, decentralized.

When it comes to Ripple Labs, this is a company launched by Ryan Fugger and Jed McCaleb. Since its creation, about eight years ago, the firm developed XRP, as well as several products used for making quick payments anywhere in the world. These products — xCurrent and xRapid — were quickly recognized as advanced payment systems by banks around the globe, and many of them decided to enter a collaboration with Ripple in order to replace their old systems, which often take days to complete transactions. In comparison, Ripple’s products can manage the same in only 4 seconds, and their TPS is pretty much the same as that of major card companies.

Another thing to note about Ripple products is that they transfer the money by turning it into XRP, at least for the purpose of traveling through the network. Other than this, XRP is allegedly independent of Ripple, and its creators claim that the coin would survive even if the company were to disappear.

While this is proof of the coin’s decentralization to many, others were not convinced, and both XRP and Ripple had to face numerous accusations of centralization, coin manipulation, and even accusations of the coin being security. This has led to several lawsuits, especially in 2018, and XRP became a center of numerous controversies.

However, as time progressed, so did the coin and the company, and these days, most of those controversies are forgotten. XRP and Ripple achieved a lot of success on their respective battlefields, and both are well-known and well-respected these days.

In fact, many have high hopes for XRP and believe that the coin might be the one to lead cryptocurrencies to mainstream usage. Others speculate that it might become the representative of the third generation of cryptos. It is unknown what may happen in the future, but for now, at least, XRP seems to be reliable, more stable than most coins, fast when it comes to performing transactions, and completely independent.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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