What is it?
The leader of the crypto pack, Bitcoin is currently a commonly recognized name; for many, it is the only thing understood of “cryptographic money.” Its purpose is to transmit a shared electronic variant of money, allowing payments to be sent online without the need for a third-party service, (for example, Mastercard).
The surge in Bitcoin’s price has produced an outburst of new Bitcoin investors. With the enormous gain in value influencing a rise in merchants accepting Bitcoin as an officialform of payment. Bitcoin is moving towards its goal of shifting into a global currency.
Bitcoin receives most of its maintenance and updates from three Bitcoin Core developers: Wladimir J. van der Laan, Jonas Schnelli, and Marco Falke. The team formallyassumed responsibility on April 8, 2014. Bitcoin’s progressions are chosen democratically through a consensus vote from Bitcoin’s master node miners.
What is Ethereum?
Bitcoin 2.0, Ethereum is slowly emerging from the shadow of its predecessor, it is hometo over 1200 DApps and the first crypto to introduce “smart contracts” to The Blockchain. Official use began in July 2015 by then 21-year-old Vitalik Buterin, Ethereum has risen from uncertain quality to cryptocurrency star underdog status.
Bitcoin 2.0 “The icing on the cake”
Ethereum can process payments rapidly and cheaply over The Blockchain like Bitcoin, yet add a layer of utility and value to the network with Smart Contracts.
Smart contracts purpose is to provide a simple way for new software to launch on top of the Ethereum network. In this case, The Blockchain stores historical data of complex,decentralized applications and self-executing contracts, are capable of evolving with the Ethereum Blockchain.
Ethereum Shot Callers
Buterin has a full group of developers working behind him to further develop the Ethereum Blockchain.
What is Ripple?
Ripple indicates it aims to improve the speed of financial transactions, specificallyinternational banking transactions.
International coin of speed
If you ever send money internationally, then you know that it currently takes anywhere from 3-5 business days for a transaction to clear, Ripple only takes around 4 seconds for a transaction to clear.
Pardon the disruption
It is faster for you to fly cash to your target than it is to transfer it electronically! Not to mention the expensive transaction fees charged by banks and traditional payment systems — usually about 6% although it can vary depending on the financial middleman.
Ripple Shot Callers
The Ripple team currently includes over 150 members, making it one of the biggest cryptocurrencies in the world. They are led by CEO Brad Garlinghouse, who has animpressive resume which includes high positions in Yahoo and Hightail.