A look at digital currencies

 

Litecoin 

Litecoin is a networked digital currency where each computer can act as a server for others, allowing access to shared files without the need for a central server. Litecoin is a decentralized currency (also known as cryptocurrency) based on the Bitcoin system. The creators of Litecoin chose the Bitcoin model to develop a more efficient and stable currency.

Bitcoin Gold

Bitcoin Gold (BTG) is the second branch of Bitcoin (i.e. the second version of the Bitcoin source code) after Bitcoin Cash. Bitcoin Gold appeared on October 24, 2017 through a hard fork event created in a block of 491407. It keeps a history of bitcoin transactions, which means that if you owned a batch of bitcoins before the split, you currently own the same amount of bitcoin gold. This coin aims to offer an alternative, less optimizeable, ASIC-based mining algorithm that will allow users to increase their revenue through their computer cycles.

Ripple 

What is ripple?

Ripple, the digital currency used for commercial transactions in global markets, has now become one of the most popular trading currencies in the world and is also called XRP, but it is not just a digital currency, it is different from the rest of the other currencies. others.

Ripple is basically a company that relies on an innovative digital payment processing system and thanks to its excellent services and great interest in the infrastructure of the financial transaction system.

Ripple now has billions of dollars of cryptocurrency in its account. Created as a digital payment network for instant transactions and also the main owner of XRP, the digital currency has risen nearly 40 times in 2017 alone.

Ripple was created by Chris Larsen’s “OpenCoin” in 2013 and was funded by a large number of investors, businesses, and global companies, but lost ground in the beginning of its operation. About 70% of its value for 2018, but it has risen rapidly again. After signing contracts with several international companies such as Western Union, it is now ranked as the third most traded cryptocurrency worldwide.

The most important thing that distinguishes the Ripple currency is that at the time of Bitcoin mining it was affiliated and managed by a large company called “Ripple” and about 100 billion of them were created, but only 50 billion are traded in the financial markets, and then it is difficult to crypto as the company can control it.

Ripple is headquartered in San Francisco, USA and has about 31 branches all over the world, one of the most important and largest of these branches is the branch in the United Arab Emirates, which is the largest money transfer provider in the Middle East.

Its purpose is to allow individuals to stay away from financial institutions such as banks and credit card companies that charge fees and cause delays.

Ripple is a strong cryptocurrency that only ranked second in 2018 and has grown in value over the years, attracting many investors and retailers.