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XRP is a cryptocurrency designed to facilitate transfers between financial institutions. Ripple, the project behind XRP, differs from both Bitcoin and Litecoin in several key aspects: it relies on sale as opposed to mining as a means of freeing up new currency, and its transaction speeds are of a different order of magnitude (nearly 1,000 transactions per second to Bitcoinâs 7 tps) . While the ideas behind XRP date back to 2004, the currency was created in 2012 by Jed Caleb and Chris Larsen.
Dogecoin (DOGE) is forming a very emphatic setup that may see its price print its second biggest price jump of all time. According to on-chain market analyst @Ali_Charts, Dogecoin has formed a descending triangle on the monthly chart. The analyst pointed out that the last time such a setup was formed, the premier meme coin shot up by more than 23,200%. Dogecoin (DOGE) Joins Altcoin Push, Here's Its Growth Driver The descending triangle on the monthly chart setup is very rare, and the formation indicates a brewing upsurge across the board. As a means to confirm the bullish indicator, Ali said he would be watching for a monthly close above $0.08.
XRP is a cryptocurrency designed to facilitate transfers between financial institutions. Ripple, the project behind XRP, differs from both Bitcoin and Litecoin in several key aspects: it relies on sale as opposed to mining as a means of freeing up new currency, and its transaction speeds are of a different order of magnitude (nearly 1,000 transactions per second to Bitcoinâs 7 tps) . While the ideas behind XRP date back to 2004, the currency was created in 2012 by Jed Caleb and Chris Larsen.
Zilliqa is a third-generation blockchain concerned with solving the scalability problem. Whereas earlier currencies struggled to maintain transaction speeds as user numbers began to climb, Zilliqa believes the answer lies in shardingâa practice which divides the network into sub-units called shards, each of which is made of up to 600 nodes. Each shard effectively operates as its own blockchain, processing transactions separately. Zilliqa was founded by a team of computer scientists from the University of Singapore and the University of California in 2017. Its native currency, ZIL, is an ERC-20 token.
Ripple is confident that U.S. banks will start wanting to use XRP for cross-border transactions after a judge gave the firm a partial victory in its fight against the SEC, General Counsel Stu Alderoty told CNBC.
A judge ruled that XRP, a cryptocurrency Ripple is closely associated with, was not in itself necessarily a cryptocurrency, in a development with major implications for the digital asset industry.
It wasnât a total victory for Ripple, however â the judge also ruled that sales of XRP by Ripple to institutional buyers do count as unregistered sales of securities.
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