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re: • Money Talk Top Ten Crypto Portfolio | New Years Day Countdown •
Posted on 1/1/18 at 10:43 am to rocket31
Posted on 1/1/18 at 10:43 am to rocket31
#1: ETHEREUM (ETH): January 1st price: $764.29
What is Ethereum?
Ethereum is a cutting-edge blockchain-based distributed computing platform, featuring smart contract functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), that can execute peer-to-peer contracts using a crypto-fuel called Ether.
Where is the value in ethereum derived from?
Ethereum is useful primarily because of its very high degree of generality, allowing users to build a very wide array of applications directly on the blockchain, ranging from currencies to various kinds of financial contracts to domain name registries, identity registries and certificate authority systems and even voting and governance applications. The protocol includes a built-in programming language that essentially allows you to specify whatever "rules" for a smart contract that you want, and the blockchain executes them for you.
Website
What is Ethereum?
Ethereum is a cutting-edge blockchain-based distributed computing platform, featuring smart contract functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), that can execute peer-to-peer contracts using a crypto-fuel called Ether.
Where is the value in ethereum derived from?
Ethereum is useful primarily because of its very high degree of generality, allowing users to build a very wide array of applications directly on the blockchain, ranging from currencies to various kinds of financial contracts to domain name registries, identity registries and certificate authority systems and even voting and governance applications. The protocol includes a built-in programming language that essentially allows you to specify whatever "rules" for a smart contract that you want, and the blockchain executes them for you.
Website
This post was edited on 1/1/18 at 11:11 am
1
Posted on 1/1/18 at 10:43 am to rocket31
#2. RIPPLE (XRP) January 1st price: $2.22
What is Ripple?
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Why Should I Invest Into Ripple?
"As a general rule I try not to give investment advice, but I’m happy to give a summary of what drives Ripple’s and XRP’s value. Ripple is focused on enabling a global network of financial institutions to use our software to create what we call the the Internet of Value. Our goal is to lower the marginal cost of international payments to the point where money can move as easily as information does today.
As the network grows and adoption of Ripple’s products increases, the value of Ripple should grow as well. XRP is a digital asset that exists on the XRP ledger, one of the open-source products created by Ripple. XRP is a pivotal component of the Internet of Value since it solves a key point of friction, the pre-funding of nostro/vostro accounts necessary to facilitate cross border payments.
As this occurs, the demand for XRP will increase and markets will reflect that.
I hope it goes without saying that I’m incredibly pleased by the progress we have made to date - with a broad group of global FI customers. And there are powerful network effects that we have seen accelerating that momentum."
- Brad Garlinghouse, CEO of Ripple Website
What is Ripple?
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Why Should I Invest Into Ripple?
"As a general rule I try not to give investment advice, but I’m happy to give a summary of what drives Ripple’s and XRP’s value. Ripple is focused on enabling a global network of financial institutions to use our software to create what we call the the Internet of Value. Our goal is to lower the marginal cost of international payments to the point where money can move as easily as information does today.
As the network grows and adoption of Ripple’s products increases, the value of Ripple should grow as well. XRP is a digital asset that exists on the XRP ledger, one of the open-source products created by Ripple. XRP is a pivotal component of the Internet of Value since it solves a key point of friction, the pre-funding of nostro/vostro accounts necessary to facilitate cross border payments.
As this occurs, the demand for XRP will increase and markets will reflect that.
I hope it goes without saying that I’m incredibly pleased by the progress we have made to date - with a broad group of global FI customers. And there are powerful network effects that we have seen accelerating that momentum."
- Brad Garlinghouse, CEO of Ripple Website
This post was edited on 1/1/18 at 11:07 am
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