Ripple vs Nasdacoin vs Ravencoin
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. | Nasdacoin wants to develop an ecosystem based on the NSD coin. | Ravencoin wants to create a blockchain that will improve the tracking of digital asset ownership. |
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. | Nasdacoin is developing a blockchain with a hybrid consensus mechanism that combines elements of Proof-of-Work (PoW) and Proof-of-Stake (PoS). Nasdacoin uses the Scrypt hashing algorithm and is powered by the NSD coin. The company plans on developing a comprehensive ecosystem with a native exchange, wallet, App, and marketplace. They also plan on allowing Nasdacoin holders to transfer their NSD balance to a Visa card that can be used anywhere. | Ravencoin is a blockchain created by the owner of Overstock.com. It is a use case specific blockchain for the declaration of ownership of digital assets. Ravecoin is a fork of Bitcoin, and was originally funded by Medici Ventures, a blockchain investment fund owned by Overstock.com. |