The concept of the cryptocurrencies has been amply entertained by both individuals and companies. With more and more attention over the days, new cryptocurrencies with several distinct prospects are introduced in the market every second day. However, only a few cryptocurrency coins have become obscenely famous : Bitcoin, Ethereum, Ripple, Cardano, NEM.
The Bitcoin price has not been seeing a very good time, specially since the start of the first quarter of 2018. With this, several other cryptocurrencies like Ethereum, Ripple, Cardano have had the opportunity to leverage this situation to come ahead of the Bitcoin. However survival of the fittest remains the hot issue.
Also read : Cryptocurrency Forecast : NEM (XEM) to overtake Ethereum
Now, Ripple and Cardano, individually are pitting against Ethereum in terms of certain features.
Ripple was launched in 2012, and promises to provide its user with a “frictionless experience to send money globally using the power of blockchain”. The webitse states :
“Built on the most advanced blockchain technology that is scalable, secure and interoperates different networks, Ripple helps to connect banks, payment provider, digital asset exchanges and corporates”.
Scalability can be regarded as the number of transaction that can be done within a specific period like seconds, depending on the criteria for measurement.
Caradano was officially released in September 2017, the public, decentralized and open source blockchain technology was built from the scratch with the sole aim of filling voids and problems like scalability, regulation, security, and more created by its predecessors. Certainly, Ethereum is a predecessor to Cardano.
Thus, the above listed comparisons demonstrate how Cardano and Ripple are giving Ethereum a run for its money and may soon takeover the Ethereum coin market, and rise above Bitcoin as well.
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