Xrp is surpassing the ETH？？
Today, XRP has skyrocketed by more than 80%. The current market value has surpassed ETH price, and its current market capitalization ranks second. As of press time, the Swiss dollar has risen 84.86% and the market value is 159.1 billion yuan.
With the skyrocketing price of Ripple, the debate over the value of XRP and the Ripple Labs behind it is beginning to come. Basically, all the praises and doubts that Bitcoin and Ethereum have experienced, XRP has never experienced it.
In 2017, BTC price rose nearly 20 times, but Ripple rose more than 200 times. Bitcoin has been growing for many years, and the lack of success is normal, and Bitcoin has become an increasingly mature investment, and the possibility of speculation is gradually decreasing. Although Bitcoin has always been the status of the boss, the current bitcoin is too large, and the handling fee is getting more and more expensive. In addition to the speculative value, how much application space does Bitcoin have? So many sons born, can you be a weapon? In case a certain son wins the position, the bitcoin must plunge, but it may not be successful. The potential risks, coupled with the constant increase, also have huge callback pressures. Some investors who hold a lot of Bitcoin must be exposed to the risk. Then choose to leave? No, in case the blockchain tide has just begun, what should I do if I step on the air?
Finally, people turned their attention to the long-repressed Ripple, and Ripple coins cut the commercial pain point of cross-border transfers. It has the application of landing support, unlimited prospects, long-term value underestimation and other characteristics, plus an old coin, has been very stable all the time, then who will be apart from Ruibo?
Ripple coin is the base currency of the Ripple network, which can be circulated throughout the ripple network, with a total number of 100 billion, and is gradually decreasing as transactions increase. Ripple’s operating company is Ripple Labs (formerly OpenCoin).
Ripple currency is the only common currency in the ripple system. It is different from other currencies in the laptop system. Other currencies such as CNY and USD cannot be cashed out across the gateway. In other words, the CNY issued by the A gateway can only be cashed out at the A gateway. If you want to withdraw cash from the B gateway, you must convert it to the B gateway’s CNY through the pending order function of the laptop system to withdraw it to the B gateway. Ripple has no such restrictions at all, it is universal in the ripple system.
The emergence of Ripple makes the circulation of money on a global scale easier and more convenient. But the difference is that Bitcoin is a virtual currency, and Ripple is an Internet transaction protocol that allows people to pay in any currency. For example, Party A can use Ripple to pay in US dollars, while Party B can directly receive Euros through Ripple.
From the beginning of its design, Ripple realized the use of blockchain technology to realize an open world-wide payment network. Through this payment network, you can transfer any currency, including US dollars, Euros, Renminbi, Japanese Yen or Bitcoin, which is simple and fast. The transaction confirmation is completed within a few seconds, the transaction cost is low, there is no so-called cross-banking and cross-border payment.
What is the true value of Ruibo?
There are several characteristics of Ruibo. One is to directly issue 100 billion XRPs without mining and issuing, as the transaction fee of the payment network and the exchange of the local currency. The second is the gateway system, which can issue digital assets directly through the gateway system, which is simple and easy. The third is to use the Consensus consensus mechanism, the bookkeeping speed is much faster than Bitcoin and Ethereum, and the transfer can be made in 3–5 seconds.
There are several disadvantages of Ruibo. One is that the scene is relatively single and mainly used for payment. The second is that it does not support smart contracts, and complex payment can’t be done. Third, the gateway lacks supervision and anonymity mechanism, and it is easy to spam assets. Therefore, Ruibo is mainly oriented to Bank customization services have developed and abandoned personal services. All in all, Ripple is more focused on a global payment agreement network than a blockchain public link platform, so it is not enough to support blockchain application development based on Ripple history.
With the intermediate currency of Ripple, global users can implement peer-to-peer transfers or currency exchanges in the Ripple payment network. Compared with the Bitcoin network, Ruibo has great advantages in terms of transfer efficiency and handling fees. Each transaction on the Bitcoin network is confirmed for one hour (package time of 6 blocks), and the transaction fee is between 0.001 and 0.0015 bitcoins. With the Ripple network, each transaction can be within a few seconds. Upon completion, the handling fee is one hundred thousandth of a Swiss dollar, which is almost negligible. Compared with the bank’s hundreds of handling fees and telegraph fees, and the long-term transfer of arrival time, which is often several days long, the advantage of Ruibo network is even more obvious.
Ripple Labs’ official vision is to increase the flow of Ripple by allowing most banking institutions to join the Ripple network, and to use the Ripple network trading mechanism (each transaction consumes one hundred thousandth of a Ripple coin, Ripple Coin The total amount decreases with the increase of trading volume), which increases the scarcity and value of Ripple. In other words, the Ripple value is strongly related to the number of institutions that are eventually added to the Ripple network.
According to public reports, RippleLabs has now reached cooperation with 100 banks and financial institutions around the world. The company’s CEO Brad Garlinghouse also said in a statement that it expects dozens of banks to use XRP by the end of next year.
However, such a quantity can support the current market value of Ripple Labs. Perhaps, in today’s thousands of digital currency forces, Ripple Labs’ market value, although occupying the second position, its value may still be underestimated. However, in terms of the volume of business it actually operates, it may be a big bubble that can be smashed at any time. This assumption is still seen in the entire currency circle. Don’t forget the scam of the “.com” company 18 years ago. Take Shi Mingjian and invest carefully.