Is Enterprise XPS easy to use? The best type of encryption?

Let's look at the unique XRP approach to cryptographic technology and how corporate cryptography could be exactly what is needed to keep cryptography alive.

With encryption caps that lose billions of dollars from the feverish value of the early months of 2018, it is clear that many are starting to doubt that today's cryptocurrencies will still be present in tomorrow's financial markets. Bitcoin, recognized as ground-zero for the crypto-revolution, currently accounts for only ~ 20% of its historical high (ATH) of ~ $ 19,000 USD, and the BTC / USD value continues to decline at a dramatic rate. This trend can be seen through the entire cryptographic market, as cryptocurrencies fail their promises to become legitimate payment systems, independent of traditional financial networks, and outside the regulators' hands.

While the current downward trend is strong, the market has not lost enough value to write the concept of cryptocurrencies. In fact, the total market capitalization of all cryptocurrencies at this time is still higher than that of 18 months ago, and space development has never been greater. The market still has a lot of potential, but there are some huge obstacles that prevent the space to mature. Obviously, bad press, negative clamor and volatile prices are always seen as factors that push down market values ​​and slow down progress in the blockchain space, but these factors are just byproducts of a bigger problem. The real problem that afflicts the cryptosphere today is the concept of adoption.

"Adoption" is not achieved simply by convincing people to use cryptocurrencies (although this is an important part), "adoption" requires institutions, governments and even developing economies to be implemented.

Think of the money in our bank accounts: it is tangible, reliable, stable and accepted all over the world. We believe that legal currencies are relatively safe behind the firewalls and security doors of our banking institutions and, although a bit slow and clumsy, we can exchange our money with anyone, regardless of their ability to use a computer or understand a smartphone.

Why is this fiat money so easy to use?

Because it is widely accepted as a representation of reliable value.

Why do we trust its value?

Because our governments, financial institutions and companies have spent hundreds of years building and testing a network of trust around these currencies.

The more we examine how our current currency system works, the more obvious what true "adoption" will have to mean for cryptocurrencies. Cryptocurrencies will have to become reliable by everyone, anywhere, anywhere and without fault, including governments, banks and troubled economies with limited access to technology. While trustworthy algorithms and the immutable and lightning-fast registers intrinsic to cryptocurrencies are extremely useful to support the exchange both nationally and globally, they are not sufficiently regulated or considered reliable by most governments to be used on a large scale, nor are they easily understandable most people who exchange value on a daily basis. If these independently developed private currencies will find a purpose in our society beyond that of a speculative reserve of value, they will have to integrate with our existing networks of trust, or mankind will have to completely renew the way we look at money.

Ripple: A Crypto For Everybody

There are some platforms out there that aim to satisfy the concept of "adoption" by integrating cryptographic technology with existing financial networks and regulations, rather than trying to redefine them. One of the best known is Ripple Labs Inc., a company that seeks to combine the solid and solid advantages of FinTech blockchain-based solutions alongside established networks of trust that individuals and businesses have been using for centuries.

Most members of the encrypted community confuse Ripple Labs with XRP, the digital resource of the company. XRP is a token designed by Ripple Labs primarily for business use, not peer-to-peer like Bitcoin, and mainly offers institutions the ability to "find cash for cross-border payments". Of course, the token and the respective payment network are still in the beginning, but many investors buy the XRP token as a speculative asset right now. The XRP token uses consent to determine the status of transactions on its digital ledger, rather than proof of work such as Bitcoin or Ethereum. At this time, Ripple's network is not diversified enough to consider its "decentralized" ledger, but over time, more validators will be present on the network, and in theory eventually the ledger will become much more diverse of that of Bitcoin or Ethereum.

The Ripple Labs XRP token has taken over the cryptography markets, recently (briefly) outstripping ETH as the second most valuable digital asset in the world by market capitalization. With many crypto-purists who call Ripple to go against the ideologies on which Bitcoin is founded (ie the creation of a payment system independent from central banks), XRP continues its march towards the top of the cards cryptographic, and to some, it is easy to understand why. The XRP is aimed at banks and companies that are looking to improve the way they exchange value across the planet by providing them with a family and family process. Ripple also pushes regulators to understand the benefits of cryptographic technology without attempting to remove them from the equation, through weighted collaboration and reliable lobbying practices. In a recent questionnaire with the Consul of the International Monetary Fund (IMF) CEO Ross Leckow, Ripple's CEO, Brad Garlinghouse, used ASEAN as an example of how he believes regulatory clarity can be a component key to the adoption of blockchain technology.

Regulatory clarity has a great ability to drive the digital asset and the adoption of blockchain. It is surprising that many markets still have uncertainty. But, in ASEAN, the regulatory environment for blockchain and digital resource technology is clear. […] In particular, Thailand has introduced a framework that balances consumer protection with innovation. Legalizes various digital assets, including XRP, and provides clear and explicit guidelines for making external blockchain companies work. This clear regulatory environment facilitates the application of blockchain technology and digital resources to solve real business use cases.

/ Brad Garlinghouse, CEO of Ripple Labs

Crypto is about making money better

Although the case for Ripple's unique approach to adoption is often lost in a nascent world of crypto-ideologies, the project is undoubtedly pushing an agenda that aims to use blockchain technology to improve the way in which the world exchange appreciates and is not the ultimate goal of why the technology was developed in the first place? Crypto does not talk about loyalty to a particular project, overthrows the government or "lights up" your way to become a billionaire, it's about making money better; this is what Satoshi meant with Bitcoin, this is what Ethereum is trying to achieve on transaction agreements and systems, and this is what XRP is actively doing with the money we already use.

For crypto-purists who believe that decentralized and trustless systems are the only way to solve problems with our current monetary system (such as inflation, corruption, financial collapse, etc.), these Individuals should consider that any application of blockchain technology in our financial system is a good thing. Ripple's efforts could help increase transparency, provide better oversight and eliminate inefficiencies, potentially leading to the exact change of paradigm that crypto-purists hope to achieve without completely erasing the financial systems that humanity has already implemented. In the end, the evolution of money will be slow and will include the practices and regulatory institutions that we have developed as a society, this is not negotiable. If the concept of a global cryptocurrency has to be fully realized, the most important factor will be adoption and, therefore, any project that seeks to pursue adoption as its own core ethos will probably lead in the years to come. Currently, Ripple Labs is pushing the adoption of blockchain technology in the offices of leading financial institutions and is giving regulators the opportunity to understand and help shape the future of blockchain-based financial exchange. This is an agenda that could cause Ripple's XRP to become the first place in cryptography charts and potentially provide the entire cryptic market with opportunities to grow beyond the state current of a relatively unstable ecosystem and bristling with toxic tribalism.