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As the world realigns towards a more secure and cryptographic way of doing business, traditional financial platforms are slowly losing control of the financial sector. Only conventional players who are willing to adapt to a more efficient payment system that is both safer and faster will be able to survive the current wave of cryptocurrency.
Ripple XRP News
Ripple as a blockchain technology and its currency, XRP as currency represents one of those innovative technologies that are currently making headlines in the financial space. While existing since 2012, Ripple (XRP) still firmly supports financial institutions and banks in their mission to provide faster and safer transactions that can be beneficial to their customers and to each other.
As a project, Ripple is based on small free software that follows the development of a credit network based on the end-to-end paradigm. Individual Ripple nodes function as a local exchange network, so that the entire system forms a decentralized mutual bank.
In simpler terms, the Ripple blockchain network is a distributed social service based on trust and the honor of individuals existing in real-world social platforms give way to financial capital based on social capital.
For more news, only recently, the cryptocurrency community was greeted by shocking news from the Ripple trade movement of nearly $ 2.3 billion hands between the wallets yesterday.
The entire figure, which represents about 13% of the total number of Ripple coins in circulation, has occurred in only two transfers, passing from information released by Twitter @XRPL_Monitor .
The first transfer recorded the exchange of about 2.1 billion XRP while the second is attributed to the difference, which occurred around 9:20 yesterday. Here is the tweet containing all the information of the first and second transactions respectively.
"Transaction type: payment
Amount: 2,139,999,979 XRP
Rate: 12 drops (0,000012 XRP)
Sender: r [19659014] HYTJDFrbCU1i2yCENTg9yjUrHHGaYTB4D
Sender Balance: 20.998428
Receiver : r93oSNBKuFjuKt8GxhF8VYaGzzwsNDPaX5
Receiver balance: 2,140,000,078,993
Link: xrpcharts.ripple.com/#/transactions…
11:17 PM- 28 Aug 2018 "[19659021] according to payment [19659022] "Type of transaction: payment [19659005] Amount: 4,666,132.964 thousand XRP
Commissions: 12 drops (0.000,012 thousand XRP) [19659005] sender: r9kkWNia8PmpR44L7mWZn33Hpff3CCzLjA [19659005] Receiver: rDbWJ9C7uExThZYAwV8m6LsZ5YSX3sa6US [19659005] Receiver Balance: 4.668.133.063. 993
Link: xrpcharts.ripple.com/#/transactions…"
The XRP loyalist (XRP) was quick to notice the unusual change in particular of the second transaction, noting that 39; entire transaction between peer-to-pe er on, however massive, costs less than one cent.
Stellar (XLM) and Ripple (XRP) News
Both Stellar (XLM) and Ripple (XRP) are remittance and currency exchange platforms that use a common ledger under supervision from an independent platform of validation servers that continuously search for transaction records.
The different exchanges are not based on heavy computer energy and processing power like other cryptocurrencies like the use of Bitcoin. Ripple (XRP) uses a HashTree network while Stellar (XLM) operates on the blockchain network. As such, both have the individual potential to significantly improve certain services such as insurance, credit, hedge funds, forecasts and trading.
Apart from that, Stellar (XLM), recently announced that it has exceeded one million active account accounts, an important milestone for any cryptocurrency.
New milestone #Stellar : 1,000,000 accounts in the ledger. Congratulations to @ StellarOrg and to the fantastic Community Stellar! https://t.co/ws3Cx3uUzU pic.twitter.com/GbKPkwBONH
– OrbitLens (@orbitlens) 27 August 2018
Another noteworthy news is that they remained both XRP and XLM from an important cryptographic fund, Morgan Creek encryption due to concerns about their level of centralization. Morgan Creek Digital is a digital asset management company committed to providing pension funds, funds, sovereign wealth funds, foundations and wealthy households using its recently released Digital Asset index fund.
The fund was launched recently in collaboration with their fund manager, Bitwise Asset Management.
Tron News
On 27 th August, the CEO and founder of Tron, Justin Sun was back to his credit, burning a total of $ 670 million of ERC20 coins. [19659005] Announcing through his usual way, Justin tweeted :
"670,045,551.1449388 #TRX ERC20 token burned by #TronFoundation"
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct a thorough research before investing in any cryptocurrency and read our complete disclaimer.
Photo by rawpixel on Unsplash
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