Everything about Ethereum and Ripple
I'm sure until now (2018) you've heard about Criptomones and how they change the world we live in.
You have probably heard from a colleague of yours, brother, uber driver, doctor or corporatist who is enriching with Bitcoin, Ethereum, Ripple or one of over 1,300 coins available at this time.
A few weeks ago I wrote the first article on Cryptomon and Bitcoin. If you have not read it yet, I recommend you read that article first; so things will make more sense.
After having received dozens of questions from you, I decided to write this article about other coins (it is the name given to the other coins, so we have two categories, bitcoin and others) the cryptomonas that I believe have the potential to change the world.
If you want to make a profit in a short time, these are the coins you should bet.
Disclaimer: There may be others, better than these, I choose to mention these because they have earned me $ 20,000 in the first month of investment.
Recap: What is a blockchain?
The Blockchain was created to remove the omnipresent intermediaries today in all areas.
examples:
banks - when we send money, they are intermediaries
courts - in the case of disputes, they are competent to judge
facebook - centralizes all information about all users in the world and access them abusively; (the social networks of the future will be decentralized, nobody will have information about us, they will be in the blockchain but will not be accessible)
Ethereum - the virtual computer of the world
Let's start with a simple analogy:
Blockchain is for cryptomonads what the internet is for email. A large system (a kind of matrix) above which applications can be built to meet different needs.
If the Bitcoin Blockchain was thought to be a huge peer-to-peer system for money transfers, the Ethereum Blockchain is like a Windows, thought to run decentralized applications.
Applications that can be run using Ethereum:
Other applications:
Crowdfunding, Voting systems, insurance, decentralized applications, social networks, etc.
The advantages of decentralization through Ethereum
Permanent - No third party can interfere with the network.
Incorporated - Applications are written around the "majority decision" principle and can not be curtailed by a group of people
Secure - Not centralized and no vulnerable, encrypted cryptography, applications are extremely secure.
They can not be stopped - given that it runs in blochchain, the system can never be stopped or closed.
Ethereum is quoted today on January 3, 2018 at $ 880 per unit. That same year last year's price was $ 10 per unit. If you had invested $ 100 last year in Ethereum, now you would have had $ 8800.
By the end of 2018 some specialists predicted that Ethereum would cost between $ 5,000- $ 10,000.
Capitalization Ethereum $ 85,000,000,000
Ripple (XRP)
Ripple prides itself on finding the digital currency that connects banks and payment processors. It proposes to replace the IBAN system that is outdated, expensive and extremely slow compared to XRP.
It is the highest-ever currency since 2017. Ripple rose by 37.765% in 2017, from 0.0030 to 2.44.
Only in the past month the currency has risen from 0.21 to 2.44.
Advantages of XRP
It allows the transfer of money anywhere in the world in just 4 seconds.
It is the most scalable cryptomonade that currently exists allowing for 1500 transactions per second.
It is already supported by over 100 banks worldwide.
Due to the large number of pre-minted coins, nearly 1 trillion, this is stable and efficient.
55% of all coins were placed in ESCROW to ensure liquidity.
Ripple is open source but is created by Ripple Labs and that makes many skeptical.
Personally, I think it is a "service" that is addressed to banks, its success is guaranteed.
Banks currently have control over the global financial system and XRP is the solution that would ensure instant money transfer anywhere in the world.
Banks also have infrastructure to make mainstream money transfer. (global adoption).
Why would banks do that?
To continue to dominate the global monetary system and resolve a huge problem: slow money transfer.
XRP Capitalization $ 101,000,000,000.
I believe the capitalization of XRP and Ethereum will outperform the Bitcoin capitalization in the coming months.
XRP has just announced an agreement with Moneygram to facilitate instant money transfer anywhere in the world. Moreover, Brad Garlinghouse, CEO of Ripple has publicly announced that XRP will be used this year by 3 of the five largest money transfer companies.
I am confident that XRP will continue to grow in 2017 in 2018.
To be more precise, if you invested 1000 euros in xrp at the beginning of 2017, at this moment you will have over 300,000 euros.
I have chosen to trade Etoro because:
has over 4 million users across 170 countries
is headquartered in Europe
is one of the best-rated platforms in the world
allows to buy shares in all companies in the world (Apple, Google, US Index, Global Index etc.)
allows you to copy user activity (you can look for the best investors on the platform, or even copy my work)
you can deposit money with your card, paypal, bank transfer
is 55% of the total available coins deposited with ESCROW.
You can enroll Etoro by clicking here.
If you do not like Etoro, see all of the main trading platforms here.
Attention, however, the other platforms require software or hardware wallets to keep coins.
Keeping coins in exchanges is dangerous and is not recommended as many of them have been hacked in the past.
If you are interested in investing in cryptomonades or mining, I invite you to join the facebook group Criptomonede Romania.
Together, we are better informed and stronger.
PS
Check the price of Ethereum here.
Disclaimer:
Invest only the amounts of money that you are willing to lose. Past increases in coins do not guarantee their future results. This article is my personal opinion regarding Cryptomones and does not represent the opinion of a certified professional in trading.