Over the past few years, Ripple (XRP) has been one of the most talked about crypto plays on the planet with the coin weathering a pullback on the chart over the past few weeks, we thought it was an excellent time to take a fresh look at this payment network.
“Ripple” the most famous cryptocurrency in recent times refers to both a payment network and a protocol system. For those unfamiliar with these terms, the coin populates a network with nodes that interface on the basis of a protocol system that defines the characteristics and potential for what is possible over the network. In this case, the future for Ripple is defined in terms of its ability to increase the speed and reliability of financial transactions between major financial hubs while decreasing the potential for errors and fraud.
Ripple (XRP) and most other cryptos has the main difference in the nature of its management and administration: It is not a decentralized network. Ripple’s source code is owned privately by the company and cannot be verified by any external framework, process, organization, or individual.
What is RIPPLE.?
RippleNet is a decentralized global network of banks and payment providers using Ripple’s distributed financial technology, which provides real-time messaging, clearing and settlement of financial transactions.Ripple transactions are very fast and that is one of the major advantage of the cryptocurrency. The goal of Ripple is to allow anyone to transfer money in any currency to any currency very fast.
If Ripple become success, it will replace most of the money transferring companies like western union, uae exchange, SWIFT etc.
When the G20 meets in March, we expect many new rumors to float out onto the world stage about coordinated pushback from regulators, and Ripple may be suffering for now in advance of those revelations. But the longer-term future continues to look extremely bright now that the fast money has been pushed to the sidelines. The $1/coin level appears to holding as strong support and may now act as the ultimate launching pad for this coin’s new leg higher.
Bread (BRD)
Bread is effectively positioning itself as a mobile version of a combination between Coinbase and Paypal, which should tell you why we think this could be an extremely interesting opportunity here. At this point, it is already very easy to push and pull Bitcoins around on the bread app, and more diversity of coins is apparently on the way.
As we all know, the difficulty of understanding how to push and pull coin is possibly the number one complaint for those new to crypto. And Bread offers an easier way to pick it up, which could translate into a huge adoption over time.
Charlie Lee is an advisor, which is another reason to take notice. He founded Litecoin (LTC), and was also the Co-founder and Director of Engineering at Coinbase. He recently famously divested all of his exposure to LTC, which may signal what he believes about the future of BRD.
Bread started trading near the end of the year and has been bouncing around in a range between $1-3/coin and currently has a market cap of about $91 million.
Eidoo (EDO)
Eidoo is a Crypto wallet similar to Bread (BRD). However, one key difference is EDO already offers storage of AltCoins.
it is based in Switzerland right near the home of Digital Identity, an investment firm in cryptocurrency infrastructure, whose senior executives are co-founders of Eidoo. The company is building an entire ecosystem within the wallet, such as trading, ICO access, borrowing, and lending.
One of the themes we are looking for in 2018 is the emergence of a next-gen evolutionary expansion of the “wallet” idea. And EDO is a good bet to be a part of that emerging concept in crypto. Imagine people managing their financial lives in terms bill pay, trading, and P2P lending and borrowing inside of a crypto wallet on their phones. This could actually disintermediate some of the cryptos with more traditional forms of trading access.
The other solution would be consolidation, where EDO and BRD become integrated into already existing platforms at a premium.
EDO is currently trading with a market cap of roughly $76 million.
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I love your creativity. It's amazing.
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Nice post about XRP By the way i just did post were i talked about Neo i would be really happy if you checked it out!
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sure, if you can provide the link , next time it will be much easy to navigate.
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Nice article. Can i ask why you pointed out these 3 coins? Is it because you own them? If you have invested in Bread, i would invite you to look at Ethos. I think that one has more potential, but that is up to you to decide. good luck further!
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I will be happy if you can invite me to checkout Ethos.
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sometimes i feel doom and gloom holding xrp @sanjo1986 but after reading your post I felt it is worth to hold more..thanks
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i upvote so kindly upvote me
https://steemit.com/life/@murtaza07/interesting-facts-of-plato-will-the-plato-s-prediction-come-s-true
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Done already
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Do you have an opinion on Lykke wallet? It seems like they are positioning themselves well, and methodically applying for legal status in countries around the world. But as a result of doing it “by the book” the roll out is a little slow.
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Nice! I will do some research in the projects mentioned. Do you see XRP touching $10?
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