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Ripple, Nxt, etc have been around since 2012-ish or earlier. Ancient technology, basically.
by willbudd 6y ago
Ripple, Nxt, etc have been around since 2012-ish or earlier. Ancient technology, basically.
- kevingadd 6y agoWasn't aware of those ones, thanks. It's a shame they're not even in the top 100 by volume.
- cardanome 6y agoRipple has still the fifth biggest market cap. If you look at the five biggest coins by market cap (excluding USDT which is just digital Dollar) then three of them use proof of stake, Cardano, Polkadato and Ripple. Ethereum is actively transitioning to proof of stake. Bitcoin is the ONLY outlier. Though also the biggest market.
- galangalalgol 6y agoI'm old and clueless. Is proof of stake related to anonymity in any way? I read something about dealers in contraband switching from btc to monero among others for that reason.
- hulahoof 6y agoNo, anonymity for the users is generally separate from the consensus algorithm. XMR, at least when I was mining it many years ago, was more about preventing leakage of wallet, funds info to every person you transacted with - and is probably the gold standard in anonymous transactions - which is why it's price is so stable.
- Geee 6y agoRipple is not proof-of-stake. It uses traditional consensus with trusted validators. It's basically a fiat currency that is run by a corporation to benefit them.
- saltyfamiliar 6y agoRipple (XRP) has the 5th highest market cap and volume of any cryptocurrency, but it's very unpopular on a cultural level because it's basically centralized.
- kevingadd 6y agoThat's fascinating, I ctrl-f'd for Ripple on a couple charts since I hadn't heard of it and it wasn't on them. Do crypto sites omit it because it's unpopular or viewed as not a blockchain due to being centralized?
- Nition 6y agoIt's near the top on all of them, but you need to Ctrl-F "XRP".
- ROARosen 6y agoRipple (aka XRP) is number 5