Ripple news: Ripple is the ‘dark horse’ cryptocurrency as Bitcoin Plummets – RIPPLE and Ethereum are the two new cryptocurrencies tipped to take on Bitcoin in 2018.
Bitcoin enjoyed more than a 1,200 percent increase last year, However, Ripple astonishingly surged by 35,000 percent in the same time.
While bitcoin still seen as the most valuable cryptocurrency with a market capitalisation of $250billion, could the bubble be about to burst?
Here is a rundown of the top performing altcoins and how they performed in 2017: Ripple (XRP) was launched in 2012 and has a market capitalisation of $91.79billion which is second to bitcoin. It is favoured by banks and is used by UBS and Santander as payment technology.
Last year in November, American Express launched an instant blockchain-based payment system using Ripple.
It has a price of $3.80.
Ethereum went live in 2015 and differs from bitcoin as it is not meant to replace money but its main aim is to operate “smart contracts.” Smart contracts are scripts of code that can be deployed in Ethereum blockchain.
It rose by 9,200 percent in 2017 and stands at $879.91. Bitcoin forks have done well this year as well. Bitcoin forks occur when miners agree certain rules within the blockchain need to change. Miners then change the regulations and create a fork of the original cryptocurrency.
Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the blockchain, and also the means through which new bitcoin are released.
Litecoin, a bitcoin fork, was introduced in 2011 and is seen as a faster and more lightweight version of bitcoin because it takes two and a half minutes to complete a transaction whereas bitcoin takes 10 minutes. It rose by 4,800 percent and is trading at $250.31.
Bitcoin cash, yet another bitcoin fork, was released on August 1, 2017. It was created to increase the block size limit to 8 MB allowing faster transactions.
It rose over 500 percent and is currently $2,748.33. Stellar which hit the market in 2014 ranks third in terms of percentage growth in 2017.
Last year Stellar and IBM entered into a deal which aims to improve the speed of global payments. It has grown by nearly 14,000 percent and is trading at $0.76.
Finally there is Dash. It was originally called XCoin and launched in 2014 but was renamed in 2015. It benefits from instant transactions whereas bitcoin transactions can take up to 10 minutes. It rose by 9,300 percent and is trading at $1,162.84.
Bitcoin News
This is arguably the largest resource for all things bitcoin. The news sections cover the latest insights from the best writers in the fintech sector. In addition to this, the site is filled with numerous tools that help investors make informed decisions. What I like about the convenience of finding all you need in the same platform.
Bitcoin News
This is arguably the largest resource for all things bitcoin. The news sections cover the latest insights from the best writers in the fintech sector. In addition to this, the site is filled with numerous tools that help investors make informed decisions. What I like about the convenience of finding all you need in the same platform.
CoinDesk
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