PLATINCOIN

by Platin Genesis DMCC.

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Ripple

by Ripple Labs

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Bitcoin Cash

by Bitcoin Cash

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PLATINCOIN

by Platin Genesis DMCC.

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Ripple

by Ripple Labs

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Bitcoin Cash

by Bitcoin Cash

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What problem does this service solve?

PLATINCOIN creates a Proof-of-Stake consensus mechanism with a long term commitment from network participants to contribute to managing the network.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.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.

Token Stats

Company Description

PLATINCOIN is a Proof-of-Stake coin that is minted instead of mined. Users participate in managing the network by renting hardware space from the project organizers for a period of 36 months. These computing resources will drive the PoS consensus, and the users that rent the hardware will be rewarded with newly minted PLC coins.

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.

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.
In mid 2017, a group of developers introduced segregated witness technology, or SegWit, that was designed to increase Bitcoin's scalability by moving some transaction details off of the blockchain. Segwit was meant to resolve the issues that revolved around the growing amount of transaction data, but many members of the Bitcoin community felt that it undermined the original vision outlined by Satoshi Nakamoto.
On August 1, 2017, they initiated a hard fork of the protocol that created Bitcoin Cash and implemented an increased block size of 8mb. At the time of the fork, bitcoin holders automatically became owners of the same number of Bitcoin Cash units. The increased block size led to faster transaction times and made Bitcoin Cash easier to use as a medium of exchange.

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