Use cases for Bitcoin, Ripple, and Ethereum

simav7 (25)in #top • 7 years ago

With Bitcoin, Ripple, and Ethereum are the top 3 market caps based on coinmarketcap.com, here is a great article explaining their use cases:

https://www.linkedin.com/pulse/international-banking-flocks-ripple-chandan-maddanna?published=t

Bitcoin : A decentralized digital "store" of value ( it is worth something ), that no government or central body has direct control on. ➾Use cases: { digital store of wealth }

Ripple XRP : A transaction based cryptocurrency designed to unlock IOV (Internet of value). It enables congestion free global value movement & extends ultra-low transaction cost to payments of all sizes (micro & macro) - in near real time. ➾Use cases : { Payments, Remittances, Forex, Trades Settlements, Banking Platforms (some have dubbed this Fintech 2.0), exchanges, Next-gen Trading platforms, Ultra-low cost real-time money/IOU movement, Domestic and International transfer services, Complex trust and intermediary channels, Real time global pay outs etc. }

Ethereum : A contract based cryptocurrency, where execution of contract code is guaranteed (Code is law). ➾Use cases : { Casino, coupons, shopping vouchers, game and prize exchanges, lotto and lotteries, hotel reservations, service vouchers, loyalty card & points, short term insurance contracts, enterprise contracts base settlement etc..}

Please share your insights.

#three #cryptocurrencies

7 years ago in #top by simav7 (25)

Sort:

ronni (51) 7 years ago

Hi simav7! How do you see the role of the Steem currency in relation to all the other cryptocurrencies and blockchain systems out there? I guess you chose to sign up on Steemit because you believe in it, but I am curious to know why?

It is a blood bath out there on the market with almost red every where on coinmarketcap.com. Does that shake your belief in Steem and all the other cryptos out there?

Thank you and I hope you will find time to give your honest opinion
ronni

$0.00

[-]