The rise of Bitcoin made the first investors very rich. For example, anyone who bought Bitcoin a few dollars a few years ago has a success story to tell. Currently, the value of Bitcoin is around $ 6,553. However, they had to wait quite a while before reaping the rewards. And the fact that the value of Bitcoin continues to rise, investors continue to do more and more every day.
What could happen if we knew of the next successor? We have seen how Bitcoin has drastically changed the lives of many. That's why traders, investors and analysts are looking for the next big news in the cryptocurrency sector.
Recently, Ripple has gained a lot of attention and partnership. Financial experts predict that Ripple could be the next Bitcoin. But like Bitcoin, its value will not increase from one day to the next, but we can expect to see a significant increase by 2019.
Ripple behaved well in the previous year. Once, he had dethroned Ethereum from his position, all thanks to its stability and solidity. Despite the fact that Ethereum has regained its position, Ripple has continued to grow and has earned its place in the cryptocurrency sector.
Ripple was launched in 2012, about three years after Bitcoin. Ripple Labs, a company based in the United States, has built Ripple. His main concern was to create a payment system that would be used by the banks to facilitate the transfer of funds both internationally and nationally. Currently, many financial institutions prefer the ripple due to payment processing. The Ripple XRP token is ranked third in the coinmarketcap.
The main difference between Ripple and other popular cryptocurrencies like Bitcoin and Ethereum is that Ripple is a centralized version of decentralized technology. The Bitcoin and Ethereum systems are supported by global miners who process and verify transactions. No one has effective control over their systems.
The Ripple transaction arrangements are controlled by specific financial institutions such as RBC, UBS and Westpac, among others. The fact that Ripple has a great deal of control over its system worries many buyers and sellers. Most investors opt for a decentralized platform like Bitcoin. You can use some of the main b free telegraphic signals to understand how the encrypted prices increase and decrease.
Working with regulators
According to Brad Garlinghouse, CEO of Ripple, for any type of industry to grow and move forward, he must work with regulators. During an interview with CNBC Fast Money Brad said that the entire industry should realize the importance of working with the system. Exactly how the Blockchain revolutions occur within the system and never outside the system.
There are many ways on how Ripple Blockchain platforms work better than Bitcoin and what has caused Ripple's popularity increase.