Introduction to XRP, Dash, and Monero
What is XRP? XRP is also known as Ripple, and is XRP the same as Bitcoin? Well, it’s a big NO. Ripple is a currency exchange and remittance network that uses a shared ledger managed by a network and is validated independently. Servers. Ripple Labs, a global money transaction firm that is former OpenCoin, was co-founded by CEO Chris Larsen and CTO Jed McCaleb and is well-grounded in digital currency. Jed McCaleb is currently handling the majority of Bitcoin trades in the world. While Larsen used to be the co-founder of the financial company E-LOAN
— the rest of the Ripple developers also have a background in Bitcoin. Ripple is based on a shared public database – a big difference from Bitcoin, which is generated by energy and computing-intensive
proof of work. Ripple doesn’t use blockchain technology; the company’s goal is to keep the money flowing freely.
Dash was first launched as Xcoin, then changed its name to Darkcoin, and in 2015 the Dark coin was rebranded into Dash, now the 6th most prominent cryptocurrency in the world. Dash is a
peer-to-peer cryptocurrency forked out from Bitcoin, engaging in faster and more private transactions. Dash is the first to have a decentralized blockchain governance system; just like many cryptocurrencies, Dash is also trying to solve some of Bitcoin’s inconveniences. It provides faster transactions and more anonymous service to its users. Dash transactions are made within Four seconds, far from the transaction process of Bitcoin, which usually takes 10 minutes to finish. Dash is also earned by mining, just like Bitcoin.
Monero is a cryptocurrency with the most anonymity regarding transactions made. It is a secure and untraceable currency system that uses particular cryptography for a 100% unlikable transaction. The Monero received high popularity due to its privacy-oriented features after its launch in 2014. The mining process used by Monero is based on the Egalitarian concept.