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Who owns Ripple?

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What is interesting to note here is that Ripple or XRP is supposed to be a decentralized digital currency platform however Ripple itself is privately owned.

Who owns Ripple?

Ripple Labs has made quite a mark for itself in the digital market and has quite been the talk of the fintech town. People have been getting quite excited about this platform, which is a digital currency exchange, real time gross settlement system, and payment protocol. Ripple was created by the Ripple Company. They claim to offer a medium to send money globally and ensuring that it is done so by giving its customers a frictionless experience. Ripple is majorly a distributed open source protocol with a shared distributed ledger and it also offers the decentralized digital asset or digital currency called XRP. It is this which is being popularised under the name of Ripple and is owned by Ripple Labs.

The company Ripple was founded in 2012 with its headquarters in San Francisco, California, United States. It majorly falls under the computer software industry and was renamed in 2015 to Ripple Labs. It serves a worldwide user base and is quite popular amongst several traders, investors, digital currency enthusiasts and many more people.

 

Key people in Ripple

The key people that have been involved with Ripple Labs are Alan Safahi, Advisory Board, Ryan Fugger, and Concept Originator. Joining these people are also, David Schwartz, Chief Cryptographer, Ken Kurson, Advisory Board, and Brad Garlinghouse, Chief Executive Officer. The major products that the Ripple Labs provide to its users and clients is Ripple payment and an exchange network.

As of 3 July, 2018, the exchange rate for the Ripple currency is $0.05 and the market cap for the same is $39.134 billion. Moreover, it boasts of a great circulation supply of 39,009,215,838 XRP. However, this is a limited quantity digital currency just like Bitcoin and has a circulation supply limit of 100,000,000,000 XRP.

It can handle about 1500 transactions per second which is quite a remarkable job in itself. This is one of the reasons why it has become so popular amongst the world population interested in this kind of a product or service.

If the company researches and makes further developments to scale the entire Ripple network, it could offer to its users and clients the same throughput as of the one provided by Visa. Visa has been handling about 50000 transactions per second. (Throughput is defined as the amount of transactions passing through a process or a system in a stipulated amount of time).

 

Ripple Labs

The founders of Ripple Labs, who own Ripple, are Chris Larsen and Jed McCaleb. On paper, Chris Larsen is now worth almost $59.9 billion which is way more than what the founders of Google are worth, on paper. This major event has come up resulting to the recent digital currency market price surge in the digital market and has brought about quite a stunning change of events.

 

Ripple is not Decentralized

What is interesting to note here is that Ripple or XRP is supposed to be a decentralized digital currency platform however Ripple itself is privately owned by Ripple Labs. By standard definitions of a digital currency, Ripple does not even exactly qualify to be a decentralized virtual currency because it is privately owned. Ripple is a big major player in the entire digital currency market and is a strong contender. The current valuation of Ripple, when compared to other privately owned companies like Airbnb and Uber.

So after all, when other digital currency platforms like Bitcoin, Bitcoin Cash, Ethereum, etc are not owned privately by anyone and is a completely decentralized platform. So like we say that the creator of Bitcoin is Satoshi Nakamoto, but he does not own it, moreover people do not even know who he exactly is. Contrary to this, going against the norms of a standard digital currency, Ripple is actually privately owned by Ripple Labs. It is not of the people or for the people and is not managed by these developers or volunteers like in Bitcoin and other virtual currencies, Ripple is managed and operated by Ripple Labs.

Although many say that the XRP protocol can run without the Ripple company supporting it, it is still managed by them and they continue to make herculean profits off this digital currency. So much so that they currently stand at the second position in the digital market capitalisation and thus puts it in a very major and dominating position in this fintech world.

#Bitcoin

XRP is now #2 Cryptocurrency, Ripple overtook Ethereum

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XRP is now officially the #2 cryptocurrency in the world with over $2.4 Billion Market Cap. The recent increase in the market cap was due to the rapid surge in Ripple Price after the XRapid Launch news was published.

The market cap of Ripple is now $23555443, which just surpassed Ethereum’s market cap of $23367070

Bitcoin Market cap stands at #1 at $116228274

 

Ripple Price Rise

XRP  Price broke all the obstacles and went to a swift uptrend against both Bitcoin and US Dollar. With the surging price, the total market cap of the cryptocurrency also noticed an enormous hype making Ripple the #2 Cryptocurrency after Bitcoin; beating Ethereum on the Cryptocurrency Market Capitalization list. More and more banks are utilizing the Xcurrent platform including the recent adoption by PNC , USA’s top financial services group.

 

Ethereum Price Decay

The former #2 cryptocurrency Ethereum noticed a vast decay in the previous few weeks with the reasons starting from large OTC selling by ICO’s (Initial Coin Offerings) and the ethereum miners backing out saying that ‘Ethereum Mining is no more profitable’. Ethereum price dropped down from whooping $450 in August to $190 a few days back. This has resulted to a huge number of prominent investors and traders opting out of the Etheruem Cryptocurrency stating that Ethereum has no future now.

 

Can Ripple Maintain the #2 position now or will Ethereum take back revenge? What are your thoughts on the same? Tell us in the comments section below.

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#Tron Price Analysis

10 reasons why TRON TRX price can increase massively this year

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One of the biggest reason for Tron’s (TRX) massive increase in price is its continued growth with its fundamental strength. TRON price will increase.

What is TRON?

TRON is a decentralized platform based on Blockchain and aims to build a digital content sharing platform eventually leveraging peer to peer (p2p) blockchain system. TRON first founded by a non-profit Singapore based foundation, and this foundation is specifically seeking to distribute the global entertainment industry.

Presently, lots of user data and traffic managed by a few corporations like Google, Amazon, and Facebook & Snapchat. TRON creates some serious steps to control by placing ownership of the data back into the creator’s hands.

 

Features of TRON

There are some key features of TRON, given below

  • TRON wants to heal the Internet with its entertainment features.
  • Data liberation; free and uncontrolled data.
  • Content-enabled ecosystem, where users can obtain digital assets from content spreading.
  • Personal ICO with the ability to distribute digital assets.
  • Different infrastructure which allows distributing digital assets exchange (such as games) and marketing forecasting.

 

Advantages of TRON

TRON has the biggest advantage, is its good team of developers, advisers, and investors. It’s CEO is Justin Sun, who is the protégé of Jack Ma, the founder of the Alibaba group and other advantages the fact about data creators, which are the data ownership of central and also the users on the Tron network are entitled to proportional profits granted by rules. Tron has an idea to administrate free service platforms for the public. That’s why it is operated and designed to serve the masses that enjoy entertainment content around the world.

 

Reasons for the massive increase in the price of TRON

If you are having feelings like the heat just because of the price of TRON. Well, don’t be.  This is a right time to get yourself a bit rich with the massive increase in the price of Tron. That is because what is happening now in the market is that wide crash that has seen previously in all cryptos shed a good portion of their value, with bitcoin dropping below $7700. While everything else has risen again, Tron (TRX) is in an incredibly good position with its risen up again by even bigger margins.

 

Here are the reasons why TRX price could rise:

The Mainnet Launch

In the previous scenario, just a few months ago Tron was in deep fall and it was migrating from the Ethereum blockchain to its own blockchain. But besides all this, several major exchanges have announced to support for the Tron migration, indicating that this event will be a major success as it is a strong enough reason to get into Tron at today’s prices, which reap big once the main net goes live.

 

Tron’s Drawing more in developers

In the Tron (TRX) case, its success completely depends on the team which has been pushing hard to woo Ethereum developers to the project. Tron team has used airdrops and other rewards to achieve this end. Giving them those incentives are worthwhile and one can expect the faster completion of project milestones, which will serve to further drive up the price.

  • One of the biggest reason for Tron’s (TRX) massive increase in price is its continued growth with its fundamental strength.
  • The other important reason for the massive growth is because it led by an aggressive and ambitious leader. Justin Sun, the CEO of Tron, has not only overseen the fast-tracking of milestone deadlines, but he has also decided that he wants Tron to be a top 6 coin in crypto ranking.
  • It had been hovering in this position for the last few months, until a few deep altcoin drops of the last few weeks. TRON’s peak coin price will be again high as eight cents just in a short duration.
  • From the beginning and the new holders who recently have joined, It sees a movement of about $200 million each day, give or take, and this spread across the major trading coin out there.
  • According to the price predicting; fiat trading is still extremely unrepresented here. That means is going to have an enormous opportunity to crack more fiat selling with a massive increase in prices and growth parallel.
  • Tron’s strong & steady strength which makes it continuously moving and this is also the reason for a massive increase in the price of Tron.

 

Note: This article represents only the opinion of the writer. The article is not, in any way, an investment advise. All cryptocurrency investments are risky and you should do your own research and analysis before buying or selling any digital assets including TRX.

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#NEO

Is NEO Dead? Does it have a future?

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NEO has a 100% pre-mine as well as proof of stake model which allows users to derive additional coins in the form of GAS, by holding them in the wallet.

What is NEO?

NEO is a blockchain platform and cryptocurrency designed to build and scalable network of decentralized applications. The base asset of the NEO blockchain is non-divisible NEO token which generates GAS tokens it can be used to pay for transaction fees generated by applications on the network.

 

NEO is often called Ethereum of China

The reason behind is NEO is positioned as a “public cloud” and it’s a part of a bigger strategy by the Chinese government in establishing of pre-eminence as a Blockchain platform industry leader. They want developers should use their tools and platform and develop the ecosystem.

 

Features of NEO

Delegated Byzantine Fault Tolerance (DBFT) algorithm

This is a consensus mechanism (instead of the traditional proof of work/stake) that allows the system to resist and maintains consensus even if some nodes bare malicious intentions.

 

NeoX

This system is to create the ability and to execute and operate across various blockchain.

 

NEO Contract

It is for creating the mechanism with smart contracts seamlessly in scalable, high-performance environments and that integrates pre-existing codebases.

 

NeoFS

This is a service which allows decentralized storage (like peer-to-peer Dropbox).

 

NeoQ

A matrix-based cryptographic mechanism, which create problems and  that cannot be solved by quantum computers to ensuring being quantum proof.

 

Reasons why NEO has no future:

1. NEO has a 100% pre-mine as well as proof of stake model which allows users to derive additional coins in the form of GAS, by holding them in the wallet.

2. NEO distributed coins through a crowdfunding event which allowed people to invest but NEO still made money from the sale and this is not the right thing to do.

3. NEO is divided into two batches of 50-50 million and somewhere somehow it is going to affect its future in the crypto market.

4. NEOs fund releasing is in multiple forms and this cause market dumping with some of it affects price & morality.

5. It has seen NEO attract criticism from those who consider it not to be a true cryptocurrency as its lack of decentralization.

6. NEO was built on the very badly written code exposing the network to major vulnerabilities and that its consensus mechanism was not properly implemented.

7. There is a bug ‘deep in NEO’s peer-to-peer protocol.

8. Every blockchain has its technical problem to solve, and there is no reason why NEO can’t overcome its teething troubles and alleviate over-centralization concerns given time.

9. Communication is one of the strong points for any team, but in NEO, it muddles on silence, the dissenting voices are getting louder.

10. The other major issue affecting NEO is its main use, in present springboard for ICOs. These type of projects need to prove themselves by adding some real values and more usability for NEO ecosystem.

 

The article represents the opinion of the author and is not an investment advise. You are required to do your own research and analysis before taking any decision.

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