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The underlying technology of the blockchain and all of the applications potential to be built on top of it have and already are changing our lives. Whether you understand what blockchain or cryptocurrency is or have even heard them in passing, the world is vastly changing and evolving.
The first big light bulb moment with technology was not the coding of it, the code or even the implications but the realization that we can harness a new thing for our own benefit. We can use technology to solve problems that we never had the ability to do before.
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Cryptocurrency has come a long way since the inception of Bitcoin in 2009. With the continuous rise in popularity and increasing adoption, the cryptocurrency landscape has become a fast-paced, ever-evolving ecosystem. In this blog, we’ll take a deep dive into the current state of cryptocurrency, discussing trends, notable developments, and what the future holds for this exciting technology. I.
Ripple: The Company While people often use the two terms interchangeably, there is a clear difference between Ripple and XRP. Ripple is an investor-backed company seeking to streamline global money transfers. It is best known for its software product, xRapid, which utilizes XRP and the XRP Ledger. At its core, Ripple is just like many other organizations. They have a board, founders and employees who collectively control the company’s fate.
Ripple refers to two distinct things: RippleNet, the payment network, and Ripple (XRP) the cryptocurrency. Both of these were designed by Ripple Labs. Ripple Labs owns 60% of all 100 billion XRP, meaning that the cryptocurrency is more centralized than Bitcoin (BTC) and Ethereum (ETH). The payment protocol facilitates near instantaneous fund transfers for large financial institutions. Background In 2012, Chris Larsen and Jed McCaleb founded Ripple Labs under the name Opencoin.
Bitcoin (BTC) vs Bitcoin Cash (BCH), two coins that came from the same blockchain but offer distinct solutions. In 2017, Bitcoin experienced a “hard fork,” meaning that a group of developers decided to take the currency in an entirely new direction. What is Bitcoin and what is Bitcoin Cash? Do you know the difference between the two? Bitcoin (BTC) vs Bitcoin Cash (BCH) are far from the same thing. Learn the distinct differences in this guide.