According to coinmarketcap.com, at present, the three coins occupy the following places according to the market capitalization:

1. Bitcoin: 122,474,219,494 $

2. Ethereum: 30,798,122,515 $

4. Ripple: 8,945,203,326 $

The occupant of the third place, Bitcoin Cash will not be the subject of this article, being a Bitcoin derived from Segwit. Basically there is not much to say about Bitcoin Cash.

An article of this type was absolutely necessary. There are a lot of people on Crypto Market who don’t not know anything about XRP. A market study conducted in the United States showing that 67% of Americans didn’t hear about ETH. Probably if a study on the XRP currency is made, the percentage of those who have not heard about the currency would rise to 75-80%.

Ripple:

Ripple is a payments network built on blockchain that provides one, frictionless experience to send money globally. Unlike existing siloed networks, Ripple powers payments across networks with unmatched global reach for real-time payments at the lowest cost. XRP is a digital asset that can be used on the Ripple network to lower liquidity costs while minimizing settlement risk and delays.

Being built for commercial use, XRP provides banks and payment providers with a first on-demand liquidity option for cross-border payments. It is the fastest and most scalable digital asset that allows real-time global payments.

Currently over 100 institutions use Ripple cross-border payment technology. In the summer of this year, Ripple created a suite of three tools specifically designed to be used for cross-border payments. One of them, XRapid is the liquidated XRP provider. The day before the Swell conference, Ripple announces that: “In a precedent-setting moment, Cuallix has become the world’s first institution to use xRapid – Ripple’s solution that uses XRP as a liquidity tool – to reduce the cost of sending cross-border payments from the US to Mexico“. We can say that the use of Ripple cross-border payment technology and currency XRP reduces money transfer costs by 60% compared to Swift class transfers. Also such transfer takes 4 seconds while the classic Swift transfer takes between 3 and 5 days. In October 2017, Ripple launched the RippleNet Accelerator Program to increase the XRP volume and utility. The value of this program is 300 million dollars.

Ethereum:

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation. The cryptocurrency is called Ether and is used to pay for computation time and for transaction fees.

So, is it like Bitcoin? Well, yes and no. The two share the fact that they were built using public network technology – known as blockchain – but here is the similarity between them. Bitcoin offers a single application, a peer-to-peer electronic currency exchange system that allows for online payments, that is, in other words, a coin in its purest form. While Bitcoin uses blockchain technology to identify Bitcoins, Ethereum uses a blockchain as a platform to run virtually any decentralized application.

One of the most popular uses of the Ethereum platform, is the design and issuance of its own cryptocurrency. Many of the coins currently in existence on Crypto Market were created using the Ethereum blockchain platform. This year, Ethereum had a hardfork upgrade, called Metropolis (Ethereum 3.0).