Ripple vs Unobtanium vs Decred
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. | Unobtanium is designed to be a commodity coin that will be a long term store of value. | Decred is a decentralized currency with a strong emphasis on community participation. |
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. | Unobtanium is a Proof-of-Work (PoW) cryptocurrency that uses the SHA-256 hashing algorithm. It was designed to serve as a commodity and store of wealth that would be less vulnerable to price fluctuations. The coin's supply is limited to counter inflation, and UNO coins were distributed in a manner that would discourage centralization. UNO can be merge-mined with Bitcoin. | Decred (DCR) is a decentralized currency with an emphasis on community based governance. Decred is led by several early adopters of Bitcoin and is designed to implement many of the goals of early Bitcoin idealists. Decred is highly focused on community contribution and governance. Users that contribute to the community can receive compensation for their work and anybody can submit a proposal ti make an improvement to the platform. . |