Not many crypto-currencies dream about the number one position. Not wanting to risk the ire of individuals with entrenched financial positions, many of the crypto-currencies that are listed in the subsequent positions on the market capitalization listing don’t acknowledge the pack leaders.  Why is this?  Lack of confidence in their use cases, perhaps (assuming that they have one).

This is a point that Brad Garlinghouse emphasizes with consistency.  The core difference that sets XRP apart from almost all other choices is the power of its business use case; payments. The crypto-currency with the largest use case is XRP.  XRP can be many things, and its largest use case is to serve as a bridge currency.1 Various treatments of this topic have been written – some in an effort to estimate just how vast the resulting transaction levels might reach.

In all the cases I’ve seen, the author will zero in on one number as a basis, and then attempt to extrapolate the resulting transaction volume.  The most common starting point?  SWIFT numbers. According to the US Treasury, SWIFT handles upwards of $5 trillion per day, or about $1.25 quadrillion per year.2  Even before the SWELL conference solidified Ripple’s image, its technology was widely acknowledged as the only alternative to SWIFT for those banks that wanted to implement real-time settlement of cross-border payments.

It’s taken five years, but the crypto market is now responding to the innovations at the core of XRP.  Instead of a “proof of work” consensus algorithm, XRP uses an approach that is based on voting by validators.  The consensus approach is known as the “Ripple protocol” and it’s one of the few components that Ripple chose to patent.3 4 They knew they’d discovered a potentially game-changing innovation, and any technology company will be quick to center its value proposition around that point. The Ripple Protocol allows XRP to close ledgers in four seconds or less.5

In addition, because XRP is not a proof of work consensus algorithm, it doesn’t depend on wasteful “mining” to secure its network like Bitcoin or Ethereum.  This saves massive amounts of electricity, and places XRP in a new category all its own – the “greenest” crypto-currency as well as the most scalable. Read more from…

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