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Ripples (XRP) Beats Ethereum (ETH), Attained Second Position When Market Declines

While the crypto major – Bitcoin (BTC) declined below the lowest in the year, the market has left investors speechless as the scenario was completely underestimated. However, all those coins that slashed and experienced decline by double-digit, the XRP is believed to have dropped only by 8% in the last 24 hours. Which is a clear sign that this digital asset overcome Ethereum’s well standing second position in the market.

As per the valid source of CoinMarketCap, the price of XRP stands at $0.460322 with Market cap stands at $18,537,969,126 as on 15th November 2018 (12:53 pm IST). The following analytics clear show that how XRP beats ETH by attaining the second position.

XRP

Source: CoinMarketCap

During Devcon4 which is supposedly the most important event on Ethereum’s yearly calendar, the network’s scalability issues were discussed by Ethereum 2.0, where it states that “Ethereum 2.0 contains various new radical ideas. Part of it is around a move from Proof of Stake (POS) away from POW. And the other big idea is sharding, so scalability — having a thousand shards compared to just one shard.”

Amid this, Vitalik Buterin, the co-founder of Ethereum elaborated more about the anticipated innovated tech – Ethereum 2.0 project “Serenity” especially at a time when the Ethereum developer conference Devcon 4 held in Prague. Further speaking to the subject matter, Buterin said that the project constantly focusing a variety of features that the team have long been exploring to discuss and will undertake to work on it for three-four years now.

Further, he said, “…combination of a bunch of different features that we have been talking about for the past several years. We have been actively researching, building, and now, finally getting them all together.”

However, at a time of the interview with Bloomberg TV, Brad Garlinghouse, RippleLabs CEO, emphasized all those facts that his blockchain driven company is able to offer its customers a fast rate compared to the market because financial firms are looking for faster, speedy and most innovative technology than following the existing models in place.

He further elaborated the perspective saying that “The technologies that banks use today that Swift developed decades ago really hasn’t evolved or kept up with the market…Swift said not that long ago they didn’t see blockchain as a solution to correspondent banking. We’ve got well over 100 of their customers saying they disagree.”

The post Ripples (XRP) Beats Ethereum (ETH), Attained Second Position When Market Declines appeared first on CryptoNewsZ.



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