December 11, 2015
Bitcoin started the whole cryptocurrency story as it was the first decentralized ledger currency. Being a controversial tool, bitcoin certainly has reasons to be adopted by merchants and reasons to be cautious with it. There are at least eight highly secure bitcoin mobile wallets in the market. Bitcoin was created by mysterious coder Satoshi Nakamoto and it is still not fully understood how this powerful cryptocurrency will affect the financial systems around the world. The market capitalization for bitcoin is more than $6 billion with around 15 million BTC available. Bitcoin was released as an open-source back in 2009 to take P2P transactions to the next level, making them instantaneous and with no need for middlemen. While bitcoin has demonstrated many useful properties as a currency, its price volatility makes it risky to hold and difficult to use for everyday pricing and payments.
Governed by the SolarCoin Foundation, SolarCoin is a digital currency incentivizing solar electricity. In terms of electricity generated, 1 SLR represents 1 MWh of solar. About 99% of SolarCoins will be distributed to solar electricity generators helping produce 97,500 TWh. Any verified solar electricity producer is entitled to receive SolarCoins for free. The technology behind SolarCoin is similar to bitcoin but with a charitable twist—photovoltaic facility owners receive SolarCoin by generating solar electricity. SolarCoin can be redeemed with participating merchants or exchanged for other currencies at a number of online exchanges. The SolarCoin network is a worldwide group of computer participants which process SolarCoin transactions and write them into the SolarCoin blockchain ledger. The market capitalization is $1.3 billion with 98 billion SLR available. Ripple
Ripple is a real-time gross settlement system, currency exchange and remittance network backed by Ripple. The market capitalization for Ripple is close to $290 million with more than 33 billion XRP available. Cryptocurrency is built upon distributed open-source protocol, ledger and native currency called ripples. Ripple was released in 2012 and promises a secure, instant and nearly free global financial transactions of any size with no chargebacks. Ripple supports fiat currency, cryptocurrency, commodity or any ...