Steemit Crypto Academy | Season 2: Altcoins – Part1 "Looking beyond the Bitcoin" "@dulce2"

Altcoins are the fundamental part for the future of cryptocurrencies, these are alternate currencies to bitcoin or ethereum, according to my research they are currencies that are constantly updated and some of them have their own algorithms that is why many people are attracted to them, apart from this Many of these currencies give off other projects of other tokens that depend on these currencies, the alternate currencies have exemplary characteristics that the high capital currencies do not have, they are fast in transaction and have secure methods that make them attractive for many people, there are projects that They do not depend on any cryptocurrency or third-party blockchain to be executed, they have their own blockchain without any problem.

The idea of the founder Jed Mccaleb and Larsen Chris was to create a currency that was unique and that was the most sustainable, not to fight with bitcoin because it was impossible, but to create a currency that the entire world population would use and provide a new alternative. more outstanding to people for all types of payments, that is why they created this alternative currency to bitcoin in 2012, ripple is free software with open source, that its transactions are low cost, sustainable and very fast, for this reason it is very attractive to people who wish to invest in this alternate currency. Its consensus algorithm makes it independent and very useful for its free software, several entities such as energy web, rock mountain institute and REBA, are the partners that provide great support to this project.

Although we know in all cryptocurrencies they have not yet been perfect but many have very good projects and very good advantages that make them different from the others.

1- Ripple is very fast to process payments and make transfers.

2- It can be used in a wide variety of payment platforms.

3- It is backed by several banks and centralized platforms.

4- It has its own infrastructure that makes it unique in its environment.

5- your transactions can be settled in 3 to 5 seconds.

1- The only disadvantage that ripple has on its part is centralization by banks and other platforms.

Ripple was created to be a worldwide payment method, the creators of ripple created it particularly to create a fast currency with low transaction costs, it can be used to pay in shops and several banks accept it as a form of payment. By belonging to the project, this currency can be acquired in an Exchange or by exchanging other currencies.

Thanks for reading my homework.