Topic: Ripple and the Second Generation of Crypto Currencies (Read 1166 times)

Ah well, I guess MBC, CDN, UKB, UNS, GRF, GMC, NKL etc (CZB?) aren't going to show up on any of those sites until they migrate platform again?

Being as how they long ago foresaw the nigh-impossibility of securing blockchains given the mentality of miners way back then (that is only very very slowly - glacially - improving) and thus temporarily moved away from the blockchain format to an Open Transactions format/platform pending either the ability to reasonably actually secure blockchains or a new method of solving the Byzantine Generals problem aka finding consensus for a distributed ledger it seems they are temporarily also not being counted among the ranks of cryptocurrencies.

Too bad, eh. http://galaxies.mygamesonline.org/digitalisassets.html

If NTX looks good once its source code is released maybe all those coins can clone that instead of cloning Ripple or bitcoin-type blockchain style representation/platform.

(They began as bitcoin clones, but as we keep seeing almost every day, blockchains are insanely expensive/hard to secure, so cannot really be recommended for storing serious value - those coins would probably have had their value suppressed like bitcoin did instead of continuing to climb even while bitcoin fell. They should in theory never have caught up with bitcoin in value, but the liabilities of using blockchains, a liability they stepped away from, let them fly free and high while the blockchain-based ones crashed, dove, were suppressed in price for years etc etc etc. Even bitcoin's massive hashing rate bitcoin has only recently, presumably with the advent of ASICs, started to recover.)

Ripple has so much extraneous bells and whistles beyond just being a distributed currency known as XRP that it seems kind of a lot of extra complexity to take on, so those coins have been dubious about setting themselves up as clones of XRP. But maybe if NXT is nice clean simple distributed currency without all the extra stuff Ripple adds that make it maybe so much more things that can go wrong things where bugs might happen, extra code to maintain and so on, then maybe NXT might be a better thing to clone to allow those coins to migrate again...

-MarkM-

Personally think its kinda unfair to compare market caps for NXT/Ripple who already have all coins existence, versus other coins with a steady stream of supply over the next 20 years or so.

and most bitcoin users are against it

Ripple has been around forever, do your research.

+1

http://www.cryptmarketcap.com/

 

Coinmarketcap is the most easily manipulated website on the internat.

Why have I never heard of this currency before?

With a 2.5billion dollar market cap, Ripple is now number 2 on CoinmarketCap, out beating litecoin by $1.4billion.

Nxt has been skyrocketing, and now overtaken Mastercoins (bullshit to be honest) overnight. While it's still in beta, hasn't been launched for more than 2 months, has generated a $100million marketcap.

The second generation of crypto-currencies is here and for the long run.