Amp Token vs Ripple vs FairCoin
What problem does this service solve?
The Amp Token is designed to enable more scalable collateralization options in the DeFi space. | Ripple is an exchange and remittance network that aims to to allow fast financial transactions between banks, at minimal cost. Its protocol is built upon an open source distributed consensus ledger. XRP is the native currency that acts as a bridge currency between financial institutions to settle payments. | Not provided by vendor |
Token Stats
Company Description
The Amp token is a digital collateral token that is specifically designed to enable the decentralized collateralization of digital asset transactions. It evolved from what was previously known as the Flexacoin network, and is meant to allow the token to better facilitate recent innovations related to borrowing and lending in the DeFi space. The Amp token's supply was created by burning the existing supply of Flexacoins, which were exchanged for the new token at a rate of 1:1. Amp will improve upon Flexacoin’s collateralization features with a new architecture that will allow for the implementation of additional on-chain supply operations and more collateral-related DeFi options. | Ripple is a real-time settlement and remittance network that is designed for the banking industry. Its settlement infrastructure technology has been adopted by a growing list of financial institutions looking to leverage the benefits of distributed ledgers. Ripple's real-time settlement network connects banks and enables cross border settlements and transactions in real-time. The current settlement infrastructure requires many intermediaries, and performing transactions take time and cost money. Ripple provides the underlying infrastructure for banks, and enables these transactions to be executed directly at almost no cost. | FairCoin FairCoin is based on an innovative blockchain technology, which has been changed in July 2017 from a 'Proof-of-Stake' protocol to a 'Proof-of-Cooperation' (PoC) mechanism. Our currency not only requires less energy and enables faster transactions, but also introduces a certain level of trust and democratic values even on the technical level. Here you find the White Paper and more information about PoC and our FairChains project. With the support of FairCoop, FairCoin implements fair value exchange on a global level. Our innovative Proof-of-Cooperation (PoC) blockchain mechanism is the unique consensus algorithm developed for FairCoin. It requires much less energy than other blockchains but also enables faster transactions. We are proud that FairCoin now is the the most ecological and resilient cryptocurrency. Ecological Safe Fast Ethical Strong Controlled growth Vibrant Visit FairCoop's marketplace to FairMarket Map of FairCoin nodes |