Top Five Coins 7/1/17
Here are the top five coins by price according to coinmarketcap.com as of 7:15AM EDT July 1st, 2017:
Bitcoin - This open source software operates across the span of the internet in a decentralized network of transparent transactions consisting of interrelated blockchain events. No one entity or person owns bitcoin. Started in 2013, bitcoin has increased in price to over $3000 in June 2017. Accepted as a legitimate form of payment in more and more places worldwide everyday, countries are adopting rules for its regulation and use.
Byteball - A decentralized database using its own internal cryptocurrency called "byte", users may add any data to the software at the cost of byte. A P2P transaction system allowing "bound payments" or conditional payments. If a set criteria are not met, a payment can be reversed after some time; allowing for "refunds".
Gnosis - Built upon the Ethereum blockchain technology, Gnosis Core offers Services and Applications for future event prediction market creation. By creating micro insurance markets without costly middlemen, Gnosis applications allow for unlimited opportunities using smart contracts.
Zcash - A blockchain-based digital currency which is design to be secure by using what is called "zero-knowledge proofs", a way to show one person that something is true without divulging further information to prove it.
Ethereum - using smart contracts in a decentralized software platform developed by a Swiss non-profit, Ethereum allows for fraud protection, security, the setting up of individual nodes replicating all the data of all the nodes to coordinate cross-checking for integrity of the network.
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The price does not mean anything... consider the supply as well
Thanks - nice insight
I'd be interested in getting your take on the top 5 coins by Marketcap
Particularly interested in Ripple
Keep up the good posts !
There are other better-monetized products than ripple. Look closely at the currency's website and notice how many relationships the development team has with well-established institutional mainstream companies. Zcash is a good example of "across the board" inter-connections with major Universities and a major bank. This is not a financial recommendation btw.
Thanks .. I don't know though ... Ripple is making huge strides in the Banking / Financial / Fintech space getting a lot of recognition from banking installations that want to adopt it
There is are also other private blockchains banks are using. I'm not sure what the end game is for Ripple. It will be interesting to see how things go for it.
thanks very helpful
Thanks for sharing