Let and with the big delay, correction of courses криптовалют nevertheless has occurred. Approximately for a month since January, 7th the cumulative capitalization криптовалют has failed on 67%. Despite this collapse, followed by a slight recovery, the Crypto-currencies are still far ahead of traditional securities, since since early 2017 their total market capitalization has increased by 2100%.
Ether and Ripple came out of the shadow of bitcoin
The main contribution to this success was made by the air and Ripple, the two largest crypto-currencies that emerged from the shadow of bitcoin and attracted the attention of investors. In 2017, the airing rate, the second on the market capitalization of the world's crypto currency, soared nearly 9400%, and Ripple completed the year with a profit over 35,500%. Although the most successful crypto currency is usually called bitcoin, 2017, rather, it remained behind the air and Ripple.
The key to the success of both crypto-currencies was their blockages. Blocking is a digital distributed decentralized register that underlies virtual currencies and is responsible for recording all transactions conducted without involving a financial intermediary, such as a bank.
It is believed that the block will be used with great advantage in various types of business. With its help, you can reduce the commission for transactions, significantly speed up their time and make money transfer from one person to another safer than through the existing banking system.
What makes the broadcast so special?
It is the blocking Ethereum that we are mainly responsible for the appearance of many block-projects in recent years. This was the first large block, which could be used not only in monetary transactions. In other words, with its help, the business has the opportunity not only to limit money transfers, but also to solve issues related to logistics management and device management.
Not surprisingly, the Enterprise Ethereum Alliance consortium formed in 2017 now includes 200 organizations that test the version of Ethereum blockbuster in various types of activities and conditions. A larger open source blockbuster that undergoes such a check simply does not exist.
The main advantage of the blocking Ethereum is the possibility of concluding smart contracts. Smart contracts help to facilitate, confirm or enforce a contractual obligation. Their goal is to get rid of paper contracts, which are often inefficient, and give business the opportunity to fully realize all the opportunities inherent in the concept of "contract". These protocols can indicate when it is necessary to make payments from the current account or allow the "Internet of things" to order new parts in return for those that have become unusable.
**Why Ripple has attracted everyone's attention
**
Unlike Ethereum, Ripple focuses exclusively on working with financial institutions. The blockbuster Ripple is distinguished by an unprecedented rate of transactions and an extremely low commission.
A study recently published on the HowMuch.net website, which examined the speed of transactions for various crypto currencies, showed that Ripple, with its 1500 transactions per second, ranked first in this list. Although Visa's lag with its 24,000 transactions per second is huge, the Ripple network seems to be scalable and can get even faster. In addition, the commission for transactions in Ripple is less than a cent, which makes this block the tempting alternative to conventional banks.
Currently, Ripple is partnering with five major global companies, which experience this technology in real conditions on small projects.
The most famous of these partners were American Express and Banco Santander, who announced a partnership with Ripple in November last year. American Express users who transfer money without the presence of a card to U.K. accounts. Santander through the payment system AmEx's FX, do this with the help of the Ripple blocker. As a result, operations that took place a few days earlier are almost instantaneous and cost less than a cent.
The two most serious risks associated with ether and Ripple
However, there is some risk associated with these popular crypto-currencies. Despite the fact that potential partners seem to shove each other with their elbows, wanting to try their blockade, the air and Ripple are trapped by two serious dangers, each of which can put an end to their bright prospects.
1. Blocking technology is not yet widely used in the real world
Of course, the biggest risk associated with broadcasting and Ripple is how quickly the business can find use for the blockboys to solve real problems.
Although technology experts constantly say how much blockages can give the financial services, retail, logistics and IT industry, we should not forget that the technology has been around for almost a decade and is only now beginning to be used in demos and small projects. Investors have repeatedly made mistakes about how quickly new technologies can be introduced, and with the blockers
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