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#Blockchain

Why Ripple can never compete with Bitcoin and Ethereum.

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Ripple has been very famous amongst many other top cryptocurrencies like Bitcoin and Ethereum but the coin cannot be compete with Bitcoin or Ethereum.

Ripple vs Bitcoin and Ethereum: Comparison.

Signing in

The cryptocurrencies have always been the topic of discussion and a center of attraction within the financial domain. The cryptocurrencies due to its amazing advantages, as well as use cases, has given rise to a fully fledged cryptocurrency market. The various banks, as well as the government of various countries, are really scared about cryptocurrencies, as they are slowly replacing the work of centralized Banks, with automatic pieces of code. With the usage of smart contracts and various other automated Escrow systems, the need of an intermediary in order to have trust in and reliability in an agreement is intently eliminated, as the cryptocurrencies were prominently developed for this purpose itself. Decentralization has distributed the governing authority among the members of the network itself, without any single person taking major decisions. Let us compare the top 3 cryptocurrencies Bitcoin, Ethereum and Ripple.

 

What is Ripple?

With the inception of Ripple, in the year 2012 by The Ripple Labs, the cryptocurrency blockchain platform has been collaborating with major banks as well as Financial Institutions, in order to provide business to business Services, as the Ripple protocol itself is a real-time gross settlement payment system. Even this particular blockchain platform, is open source in nature, offers fast transaction speeds, with a lower fee, and its open ledger allows the users to view the transactions.

 

 

Why Ripple can’t be compared with Bitcoin or Ethereum?

Ripple has been very famous amongst many other top cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, etc but the cryptocurrency cannot be competing with Bitcoin or Ethereum as it’s functional architecture is completely different from Bitcoin or Ethereum. It is to be noted that the Ripple blockchain platform is controlled and run by the Ripple Labs, therefore, it is highly centralized in nature but Bitcoin and Ethereum fall under the category of cryptocurrencies which are decentralized.

 

 

What is the functionality of Ripple?

The Ripple cryptocurrency platform is predominantly concentrated on its collaboration with the major financial institutions as they have ultra low costs for the transactions which allow the banks to undertake a huge number of transactions by using the Ripple protocol. When it comes to the competitors of the cryptocurrencies, Bitcoin, Bitcoin gold, as well as Ethereum are fighting for the topmost position in the cryptocurrency list. But when it comes to Ripple, surprisingly not many cryptocurrency Blockchain platforms seems to be competing with it. Only Stellar lumens seems to have a direct competition with Ripple, therefore, Bitcoin and Ethereum are not in the direct line of sight of Ripple’s roadmap.

 

 

Is Ripple a cryptocurrency?

Although Ripple is ranked at the third position on the cryptocurrency list, according to many financial professionals, it shouldn’t be regarded as a cryptocurrency as such. The main reason for such kind of allegation on Ripple is due to the centralized nature of the XRP, which is exactly contrary to the concept of cryptocurrencies in general. In fact, according to them, Ripple shouldn’t be compared with solid cryptos like Bitcoin or Ethereum. Nevertheless, Ripple is still considered to be a cryptocurrency until now, but we never know what the future brings to us, in this unpredictable crypto market.

 

 

Hardships that Ripple faced

Ripple has also been under constant accusations, as Ripple’s architectural layout is designed to support the functionalities of the centralized banks the Cryptocurrencies which were inherently developed for the disruption of the banks and financial institutes. The community was also divided into the supporters and the rivals of Ripple. XRP is technical, not a cryptocurrency coin, but it is a native asset of the Ripple environment.

 

 

Competitors of Ripple

Ripple technically offers permission blockchain type of environment in which only a few other projects in the industry have to offer, where neither Bitcoin nor Ethereum comes any close to such type of working mechanism. The handful of projects which offers similar kind of services are, SWIFT Hyperledger, the Ethereum Enterprise Alliance (EEA) and R3 Corda. Considering Ripple’s popularity gained through its blockchain mask, it would be difficult for these organizations to compete with Ripple in order to achieve the market dominance.

 

 

Closing suggestions

Until now, there have been no strict measures taken regarding Ripple, but it is highly being incorporated into the financial domain.

#Blockchain

Komodo Platform and KMD Coin: Complete Analysis

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he Komodo platforms are the pioneers in collaborating with major blockchain platforms Bitcoin and Ethereum to through their Atomic swap Technology.

Gaining insights with respect to the future Blockchain platform of the crypto world.

 

Many cryptocurrencies are developed only for specific purposes

We all have been observing that different cryptocurrency projects are developed for specific reasons. For instance, Bitcoin represents global currency, Ethereum is for smart contract and Decentralized Autonomous organizations, and Ripple is for faster transactions. In brief, there is no single platform which can provide all the above services, in a consistent manner where the users need not jump from one Crypto to another for different applications. In fact, most of the blockchain platforms do not support the functionality of atomic swaps which is most important and famous in the cryptoverse. However, there is one Blockchain platform, which has consistently been developing itself, in almost all the cryptocurrencies domains, Komodo.

 

The Komodo platform supports many applications

The Komodo platform is one such Blockchain platform which is a means to launch the Initial Coin Offerings in a decentralized manner, a decentralized exchange, a cryptocurrency coins with 5% of interest model, etc. The Komodo platform is the first Blockchain platform to support the launch of an ICO in a decentralized manner. The Komodo platform dominates over the Atomic Swap technology too, where almost 95% of the cryptocurrency’s Atomic Swaps are handled by it. It even addresses the scalability issues of the cryptoverse, where the Komodo platform reached 14,000 transactions per second during the initial days of launching itself. It is to be noted down that one transaction accounts for 100 payments.

 

It entails the Delayed Proof of Work for stability

The Komodo platform even supports an improvised version of the Proof of Work consensus mechanism which happens to be Delayed Proof of Work. The Komodo platforms are the pioneers in collaborating with major blockchain platforms Bitcoin and Ethereum to through their Atomic swap Technology. It is one of the most versatile forms of blockchain platform, as it can be utilized for different purposes by the developers or users respectively.

 

The world’s first decentralized initial coin offering

The Komodo blockchain platform sets security and privacy with the utmost priority. It is a direct descendant of ZCash and an indirect one of Bitcoin. On April 17, 2018, the world’s first decentralized ICO took place on the Komodo platform, which was for BlocNation blockchain. This feature is highly in demand, but the developers of the Komodo platform are inviting only one decentralized ICO at a time.  As the Blockchain platform, covers so many aspects, it is highly challenging for the investors to decipher it.

 

BarterDEX is a result of Komodo platform

BarterDEX is Komodo platform’s exclusive decentralized exchange. The exchange supports two functionalities, it can be utilized for trading purposes and also acts as a platform for the development of cryptocurrencies. The Crypto enthusiast can explore BarterDEX exchange and can perform the trading operations along with the development of another blockchain platforms. The DEX has lower transaction fees of 0.15% along with faster transactional confirmation. Basically, the Komodo platform works rigorously in order to lower the barrier of the Blockchain ecosystem.

 

Agama wallet is also developed and maintained by the Komodo platform

The Komodo platform even supports an exclusive multi-coin wallet named, Agama Wallet. The users can use the wallet to store their KMD coins, where a 5% interest is provided by them, just to hold the coins.  This 5% passive income model was incorporated within the Agama wallet to force people to avoid storing their tokens on the exchange, which would indirectly increase scarcity and, hence, the value of the coin. This 5% model was initiated, to nullify the number of tokens being mined and indirectly to prevent losses to the long-term holders of the coin.

 

The Komodo coins power the ecosystem

The Komodo coins power the entire ecosystem, where 200 million coins, marks the total supply of the coins. Keeping the current mining rates in mind, according to experts, it has been estimated that the total supply would be reached until 2031. On December 26th, 2017, the Komodo platform reached its all-time high of about $12.54. Currently, the prices are hovering around $1.046. Being the jack of all the subsystems of cryptocurrencies, the prices are expected to rise substantially.

 

Future of the Komodo platform

Very similar to methodologies incorporated by the Zcash blockchain, even the Komodo platform incorporates privacy, through the “zero-knowledge proof”. It enables the customers to get absolutely anonymous or transparent based on the requirement. There is a lot more to be discussed with respect to the Komodo platform and the discussion might never end. In a nutshell, the complex ecosystem is creating benchmarks with its roadmaps.

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#Blockchain

Is the Waves Blockchain platform now dead?

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There is a list of outright scams and which is suggest that Waves platform is definitely not worth for future cause if you’ll still do that you’ll lose out.

Waves Platform

Waves is an open-source blockchain platform, designed for mass adoption. It launches in 2016, waves have been kept working to fulfill its vision of creating a truly unique blockchain product that will be an industry standard in providing the most versatile and straightforward tokenization for everyday use, all this depends on the success of waves platform.

 

Features of Waves

The key feature of the waves, it keeps decentralized assets such as BTC/ETH on the centralized exchange. Some hacks like MtGox and Bitfinex are a good example of this level of stupidity. Wavedex is a decentralized exchange built in waves blockchain.

 

Other features of the waves are given below

Smart contracts

Tokenization

Fiat Gateways

Best of both world

KYC/AML

ICOHUB

Market Cap of Waves

As per CoinMarketCap the total circulating supply of WAVES is 100 million tokens, and the current price of each unit is $6.88, which makes its market cap approximately $686 million.

 

Is Waves Platform Dead

Perhaps, there is a list of outright scams and which is suggest that this platform is definitely not worth for future because if you’ll still do that you’ll lose out. Waves is a broken and completely misleading platform. They used hidden bugs forms which is hard to identify for an individual who is investing in that.

 

Key factors which prove waves platform dead

1. You deposit BTC and you can’t do anything, the platform suggests you get to the faucet or a forum and beg for waves so you can make your first trade. But in the waves, you cannot buy it with BTC because to buy waves you should already have waves and for the further things as well.

2. No contact of support system, they want you to post publicly about your problems on their forum but they have a censored and moderate platform to control so if you are facing any problem and posted there, the public will never see it as they control this medium.

3. A BTC fee of .001 for a gateway fee, but after depositing BTC here losing a percentage and then losing more of the scam waves token, now you have to pay a gateway fee for using a blockchain to withdraw it and that equals $CDN.

4. After charging over the site does not work and gives the error.

 

So here it can conclude now that waves platform is equaled to worth because of all these loopholes and also it is not that much updated to compare with other cryptocurrencies out there.

So, you can now that waves platform is dead.

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#Bitcoin

Bitcoin: Don’t let whales scare and eat you: HODL Bitcoins

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More than 55 percent of bitcoins right now sit in wallets that have balances upwards of 200 coins," as indicated by Diar. Whales might be scaring you.

42% of Bitcoin Holders “did not” sell their Bitcoins even at $19783

More than 55 percent of the world’s circling supply of bitcoin is controlled by under 1 percent of all BTC wallets, as indicated by cryptocurrency explore firm Diar. What’s more, a staggering 42 percent of those bitcoin holders did not offer their BTC in 2017, notwithstanding when bitcoin prices moved toward a record high of $19,783.

Investigators at Diar translated the bitcoin whales’ “hold” positions to imply that it is possible that they lost the private keys to their wallet addresses — or they’re long haul holders who are bullish about the market. People who hold tremendous amounts of bitcoin are designated “whales.”

 

“More than 55 percent of bitcoins right now sit in wallets that have balances upwards of 200 coins,” as indicated by Diar. “Also, astonishingly, 33% of the bitcoins that are sitting in these wallets have never made an active exchange.”

 

So here’s the rundown, as indicated by Diar’s examination:

  • 1 percent of all wallets control $100 billion in bitcoin.
  • 55 percent of the world’s bitcoin sits in wallets with balances surpassing 200 BTC (or $1.28 million at the present bitcoin price).
  • 42 percent of those BTC wallets made no cordial developments amid the price crest in December 2017.
  • 33% of the bitcoins that are sitting in these wallets have never made an active exchange.

There has been across the board theory that bitcoin prices are being controlled by bitcoin whales, to such an extent that the U.S. Division of Justice propelled a criminal examination concerning price control in May 2018, as the Inquisitr already announced.

Many market members said they wouldn’t be astounded to discover occurrences of misrepresentation given the misty, unregulated nature of the advanced cash market.

 

Tim Draper Sets $250,000 Bitcoin Price Target

One bitcoin whale is reputed to be tech tycoon Tim Draper, an acknowledged cryptocurrency evangelist.

As the Inquisitr already revealed, Draper broadly obtained 30,000 bitcoin at $600 each in 2014, when few individuals had known about cryptocurrencies.

Tim has apparently never sold his reserve, which today is worth more than $192 million. That is a profit of $174 million of every four years.

Draper as of late set a $250,000 bitcoin price focus for 2022. Regardless of the ongoing bear market, the financial speculator remains by his expectation.

“I’m supposing $250,000 a bitcoin by 2022,” Tim Draper said. “They will believe you’re insane, yet trust it. It’s going on and it will be marvelous!”

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