Ripple vs BitcoinDark vs BurstCoin
What problem does this service solve?
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. | This is a fork of Bitcoin with a poorly defined purpose and vision. | Burst's unique Tangle-based architecture is designed to improve exchanges of value. |
Token Stats
Company Description
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. | BitcoinDark is a fork of Bitcoin with a poorly defined purpose and use case. BitcoinDark is based on the InstantDEX protocol, a decentralized exchange for BitcoinDark and other cryptocurrencies supported by the project. The platform is also supposed to include a Pegged Asset Exchange (PAX) to allow users to buy and sell pegged assets – including fiat currencies, commodities, ETFs, and stocks. | BurstCoin is a cryptocurrency with a Proof-of-Capacity (PoC) consensus algorithm. Unlike most other cryptocurrencies, Burst's architecture uses a Tangle (similar to IOTA) instead of relying on a blockchain. It also utilizes ring signatures and other features, in what is called the Dymaxion. The Dymaxion implements layers of tangle-based lightning networks on top of the Burst blockchain. Each of these payment channels is opened in the form of a standalone colored tangle. Burst is also developing atomic cross-chain transactions (ACCT), that will allow for full decentralized trading between two cryptocurrencies. |