Since bitcoin’s inception, 10 years ago, cryptocurrency has been criticized and also hailed as the future of the global currency for a decentralized economy. Ten years later, bitcoin has proved itself that cryptocurrencies are the future for a decentralized economy.
Along with bitcoin and technology behind it- Blockchain, has gained traction where it acts as a backbone for every cryptocurrency present in the market.
Blockchain brought in a new wave of cryptocurrencies with different functionalities. Very few cryptocurrencies have proven their application, of them being TRX and XRP.
The introduction of Ripple’s xRapid platform spearheaded XRP growth in late October and beginning of November ’18. Ripple Inc.- a startup based in San Francisco, aims to solve a multi-trillion-dollar problem that banks face in terms of transferring cross-border payments. XRP may be hyped and rightfully so, due to its limited tokens and cheap price, XRP is an investor’s holy grail. Ripple has also partnered up with hundreds of elite financial institutions which will use Ripple’s XRP based product xRapid.
Ripple will also be integrating its xCurrent and xVia platform with xRapid to create a seamless experience for their clients.
Companies like American Express, Japan’s SBI and MoneyGram have started to implement their technology. With XRP’s potential its rise to the largest cryptocurrency in terms of market valuation is inevitable.
This cryptocurrency is a part of one of the most revolutionary developments for the modern society- a decentralized internet. Justin Sun, the poster boy of Tron and the next internet revolution has managed to create a decentralized platform for the people, by the people. Tron launched MainNet after successfully launching TestNet.
In this decentralized version of the internet, TRX, a cryptocurrency will be used a medium of transactions. They also reached a million transactions last week, outpacing Ethereum’s [ETH] 500-600k.
The future is definitely exciting and people who’ll catch the next generation wave will prosper in a modern economy.