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I would say that Ethereum is the smart contract platform, but that Ether (ETH) is a currency. That's based both on how it's used, and on how the protocol separa
by pietjepuk88 8y ago
I would say that Ethereum is the smart contract platform, but that Ether (ETH) is a currency. That's based both on how it's used, and on how the protocol separates normal transactions from smart contract interactions (including token transfers).
I like the fungibility that Monero offers (making it similar to cash), but I just can't wrap my head around Ripple. I always associated cryptocurrencies with decentralized and trustless (at least at its core), neither of which seem to apply to Ripple. I would have preferred a "trusted party" system on top of a decentralized one to get higher transaction speeds, e.g. when the stakes/amounts are low.
- AltVanilla 8y agoRipple is decentralized, in the technical sense. If you are a programmer you will appreciate this. It explains the consensus protocol in detail. I found it fascinating: https://www.youtube.com/watch?v=w4jq4frE5v4 https://www.youtube.com/watch?v=w4jq4frE5v4