Brief stories of success of Ripple, Bitcoin Cash and EOS

Even though the currencies stated in the heading are not yet tradable on VHCEx, it's still worth to know a thing or two about what stands behind their success and what brought them to top-10 or -15 of CoinMarketCap.

Ripple

Ripple has made the news headlines recently by outpacing Ethereum as the world's second most valuable cryptocurrency. Some people even consider to soon become the second currency for quite a long time. What sets Ripple apart from the rest of the cryptocurrencies is its hard orientation towards large institutions, mostly, banks, rather than to individuals or small-scale businesses. Ripple's main goal is to allow banks to transfer money across borders almost instantly and with almost no fees. However, a lot of people are afraid of using and investing in Ripple due to its proclaimed and applied centralization.

Bitcoin Cash

Bitcoin Cash emerged in late summer of 2017 as a result of the first in history fork of the main cryptocurrency. Thus, people holding Bitcoin at the moment were granted with the equivalent amount of BCC. Bitcoin Cash transactions are notably faster and cheaper than those of their father-currency.

EOS

Most experts tend to think of EOS as the solver of the major problems faced by Ethereum. For example, building dApps on Ethereum requires the developer to master Solidity programming language which turned out to be the barrier for a lot of aspiring developing teams. With EOS, very basic skills and knowledge of programming are required for a developer to build a dApp with the use of this cryptocurrency. Also, of course, it is way faster and cheaper than Ethereum. By saying cheaper we mean free. Yes, the transactions on EOS network are free of charge and take on average 2 seconds to confirm.