Bitcoin Cash vs Ripple vs Apollo
What problem does this service solve?
Bitcoin Cash is a cryptocurrency that was created as a result of a hard fork of the Bitcoin blockchain on August 1st, 2017. Anyone who had bitcoin at that time became the owner of the same number of Bitcoin Cash. | 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. | Apollo aims to integrate a variety of decentralized services in one comprehensive blockchain-based platform. |
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Company Description
Bitcoin Cash is a cryptocurrency that was created as a result of a hard fork of the original Bitcoin blockchain that took place in 2017. Due to the open source nature of the Bitcoin protocol, and the lack of a central governing body to resolve disputes, the Bitcoin community became extremely divided about what to do about rising fees and slow transaction times. As the platform's transaction volume increased, and the associated fees to confirm them also increased dramatically, many people began advocating for a larger block size. | 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. | Apollo is developing an all-in-one cryptocurrency platform, based on the APL coin. Apollo was created as a fork of NXT, and has a very ambitious plan to integrate a variety of services under one platform, with a strong focus on privacy. Apollo's blockchain is called Hermes and has a Proof-of-Stake consensus mechanism. Some of the features that Apollo's marketing materials claim they are working on are: private transactions with IP masking, smart contracts, encrypted messaging, file sharing, a decentralized marketplace, voting system for governance, decentralized data storage, and a wallet with a built in exchange. John McAfee, a notable blockchain enthusiast and antivirus pioneer, joined the project in October 2018. |