Ripple

by Ripple Labs

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Litecoin

by Litecoin

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EOS

by EOS

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Ripple

by Ripple Labs

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Litecoin

by Litecoin

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EOS

by EOS

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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.Litecoin is designed to improve upon some of Bitcoin's limitations. It's based on the Bitcoin protocol, but has faster transaction times, lower fees, and requires less computational power. This makes it a better alternative for everyday use.EOS.io is a decentralized platform designed to allow build DApps easily, without servers. It is meant to be more scalable than other blockchain platforms and it can support more transactions per second, with far lower transaction fees. It was created by Dan Larimer, who is an extremely talented and influential developer that was also involved with BitShares and Steemit.

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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.

Litecoin is a crytptocurrency that was created to serve as the “silver” to bitcoin’s "gold." It is based on the core Bitcoin protocol, but was designed with several key features that provide it with advantages over Bitcoin.
Litecoin has significantly reduced transaction times by limiting the target block processing time to 2.5 minutes. It also has a total coin supply that is 4 times larger, and utilizes a different hashing algorithm called Scrypt, that requires a smaller workload and less computation power than Bitcoin's SHA-256 algorithm. This enables much faster transactions at a much lower cost to users. These features make Litecoin easier to use and to mine. Since its creation, Litecoin has gained a large market cap and widespread adoption among cryptocurrency users in need of a coin for everyday transactions.

EOS is a blockchain development platform created by Block.one. Its goal is to become an all purpose operating system for blokchain applications. EOS allows developers to make underlying blockchains and create decentralized application more easily. It was designed from the ground up, to be more scalable and faster than other blockchain platforms. This allows for greater throughput, with more transactions per second, and much lower transaction fees. EOS tokens serve as the native currency. The network has a Delegated Proof-of-Stake (dPoS) consensus mechanism. Transactions are verified by 21 block producers that are chosen through a voting process that is designed to encourage community participation.

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