[Review/Compare] Ripple. Score = +50

Disclaimer: I am not a financial advisor, this is not financial advice but only provided for information purposes. Although I will do my best I cannot guarantee the accuracy of information in this document.

Invested potential conflict of interest, i.e. do I own more than a tiny amount used for testing purposes. I will attempt to be impartial regardless of whether I own the coin or not: No

Currency: Ripple

Previous Names: None

Short Summary of Intent: The aim of Ripple is to be a global payments network to allow banks among others to transfer internationally affordably and quickly.

Code: XRP

Market Cap: 37,200,000,000

Market Cap Updated: 27/02/2018

Coinmarketcap.com Ranking: 3

Coinmarketcap.com Ranking Last Updated: 27/02/2018

Market Cap Score: +8

Trading Volume: $38,500,000,000

Trading Volume Last Updated: 27/02/2018

Trading Volume Score: +5

Pow/POS/Other: Ripple Protocol Consensus algorithm or Proof of Correctness

POW algorithm if applicable: N/A

Block Time (seconds): N/A (Not a blockchain)

Block Size: N/A (Not a blockchain)

Annual Inflation Rate: -.006%

Date inflation rate updated: 27/02/2018

Future Inflation rate declines: Not as I understand it.

Inflation Rate Score: +10

Circulating Coin Supply: 39,094,000,000

Date coin supply updated: 27/02/2018

Max Coin Supply (Jan 2100 if infinite): 99,993,000,000

Circulating Supply as a percentage of max: 39%

Score for circulating percentage: +0

Premine as a percentage of max supply: I am going to call this a 100% premine for now. There is a case for it to be argued that it is either an 80% or a 20% premine but I'm not buying it for now.

Score for premine percentage: -20

Privacy Currently: No

Privacy Planned: Not that I am aware of

Privacy Method: N/A

Privacy Strength: N/A

Privacy Score: 0

Centralization: 5: Ripple is very highly centralized, the Ripple network is a permissioned network. A very large ammount of the pre-mined coins are held by Ripple.

Centralization Score: -5

Team: I found varying reports on the number of employees at Ripple Labs, ranging from 120 to over 200. I could not find an official number on their website. A news article published mid January stated that they had 170. In any case they will recieve the full +10 score.

Team Funded: Paid employees at Ripple Labs (formerly OpenCoin)

Team Score: +10

Start Date: 2/2/2013

Start Date Score: +6

Transactions per second: 1500

Transactions second layer or side chains currently implemented?: N/A, not a blockchain

Transaction Fee Average (USD): $0.006

Transaction Fee Date Updated: 27/02/2018

Transactions Score: +8 (blockchain bloat addressed by rising fees for large numbers of transactions)

Type: Currency

Degree of completion: 4, Does virtually everything planned. AFAIK the Ripple network can be used in its current form for its intended purpose, however there may still be some security issues.

Completion last updated: 27/02/2018

Completion Score: +8

Open Source: Yes

Open Source Score: +20

Governance: Ripple is basically fully controlled by Ripple Labs. Because of this it is a single point of failure therefore goes into the poorly governed category.

Treasury System: None.

Governance and Treasury score: -10

Make Sense for Blockchain: +0
Ripple isn't actually a blockchain, and it makes a reasonable amount of sense to use the system they are using for this task.

Current Development Rate: 5: very active development

Date development rate updated: 27/02/2018

Development Rate Score: +10

Risk of security breach: There is a risk of a denial of service type attack due to centralization of nodes. As far as I am aware there is no major network breaking vulnerability that has been identified. With a coin of this size and value if someone could easily attack it they would have done so by now.

Security Score: -5

Wallet tested and working with date: Not Tested.

Wallet Comments: Did not test a Ripple wallet as they have a 20 xrp minimum. I did read some articles and watch 2 youtube videos and have no reason to believe there are any significant issues with the availability of decent Ripple wallets.

There are hardware wallets available for Ripple.

Wallet Score: +5

Real World Usage (Other than investment and speculation): I don't believe the Ripple network is currently being used for its intended purpose in any meaningful way.

Usage Score: +0

Biggest fish in the pond?: Because they are specifically targeting banks and international transactions I am going to ignore the fact that Bitcoin could probably be used for a similar thing in my opinion and give them the +10 biggest fish bonus.

Biggest fish score: +10

Our Brief Comments: I am going to subtract 10 points because even if Ripple does gain acceptance from banks they will likely use a different network to the one XRP is currently using. I think a lot of the current value if Ripple is based on banking partnerships, that are likely to never benefit holders of the XRP token.

Comments score modifier: -10

Total Score/Rating: +50

Website: https://ripple.com/

Other social media links: https://twitter.com/Ripple
https://www.reddit.com/r/Ripple/

Biggest Exchange: https://www.bithumb.com/

Biggest Exchange last updated: 27/02/2018

References:
https://coinmarketcap.com/currencies/ripple/
https://ripple.com/
https://www.cryptocompare.com/coins/xrp
https://www.investopedia.com/terms/r/ripple-cryptocurrency.asp
https://en.wikipedia.org/wiki/Ripple_(payment_protocol)
https://xrpcharts.ripple.com/#/
https://www.reddit.com/r/Ripple/comments/7c77jp/burn_rate_approx_3_xrp_burnedmin/
https://bitcointalk.org/index.php?topic=146964.0

https://bitinfocharts.com/comparison/ripple-transactionfees.html
https://www.cnbc.com/2018/01/16/why-ripple-is-not-cashing-out-its-xrp-holdings.html
https://www.investopedia.com/news/what-biggest-security-threat-ripple-cryptocurrency/
https://bitcointalk.org/index.php?topic=1750248.0
http://news.8btc.com/blockchain-software-security-report-by-china-cert-ripple-the-worst

Version 1.0

Author: We Compare Chains

Youtube: https://www.youtube.com/channel/UCOP_jyus_yCKzsGy4IDK1-g

Support: If you would like to support us you can do so in the following ways:
Upvote or donate on Steemit: https://steemit.com/@wecomparechains
Donate Bitcoin: 1L1omKiixsguKKd4AambbhahBbJuSd5x3M
Donate Litecoin: LKY4R2Ncm3w5qyq4UCNKozfHCSuaZu8qV5
Donate PIVX: DBxX4MkxjCWG9dYTuz8HwRunkibhHyfSw7
Donate Dash: XpmTMEqtJXxz5wQRxQbjhPRE8BaazshSoq

Google Drive:
https://drive.google.com/drive/folders/1Bv7JcSA_ktW6Ck3AvwIHZ5Zqfe-wD6Rg?usp=sharing