January 05, 2018
AS the price of bitcoin suffers a lengthy New Year hangover one of the surprising trends for 2018 so far has been the arrival of a noticeable chasing pack of crypto offerings.
Bitcoin’s BIG BANG: Top crypto asset manager explains Ethereum, Ripple and Bitcoin Cash
Ripple has arrived in 2018 by grabbing headlines, mostly down to optimism from mainstream banks that - unlike bitcoin, with its links to the Dark Web and terrorism - offers blockchain technology without the accompanying bad press.
Ripple or XRP has a market capitalisation of $112billion, having overtaken Ethereum earlier this year. It now sits second only to bitcoin’s market capitalisation of $225billion and has gained more than 45,700 percent over the last 12 months.
Express.co.uk spoke to asset manager Levi Meade, Lead Investment Analyst at Columbus Capital about the many differences in the “protocols” of the new offerings and why this is important in understanding their move towards mainstream adoption.
Mr Meade says that, although Bitcoin cash, Ethereum and Ripple are all referred to as cryptocurrencies, they are very difference animals and not necessarily in direct competition with one another.
Bitcoin Cash, Mr Meade says, was created on the basis of becoming a global currency, with Bitcoin only more recently seeming to be a potential safe haven asset or store of wealth. In terms of payment, both bitcoin and bitcoin cash have been built to allow the simple A to B transfer of value as the application.
Ethereum, on the other hand is referred to as a smart contract platform.
Mr Meade adds: “This was built with the purpose of extending the programmability of money, which simply means that much more complicated transactions than simple A to B transfers can take place when utilising the capabilities of the Ethereum blockchain.”
The asset manager presents an example, when he said: “Perhaps you would like to do a transaction with another person or company that has certain criteria to be met which affects the timing and amount of a payment or even perhaps stream of payments.
“With this is mind, rather than aiming to become a world currency, Ethereum has the potential to be a fundamental piece of architecture behind the next generation of the Web and smart devices, handling all aspects of value transfer natively to these systems.”



Finally, the Ripple blockchain again differs to an even greater extent to bitcoin than Ethereum.
The asset manager says that while the name of the game for bitcoin, Bitcoin Cash and Ethereum is “disruption” of the financial world. He said: “Ripple is a blockchain solution that can best be described as a massive infrastructure upgrade to the world of finance bringing value transfer into the digital age.
“The Ripple blockchain seeks to replace existing payment rails that connect Banks, Payment providers, Corporates and exchanges in order to provide quite dramatic savings in costs and time.”
But which of these offering is most likely to challenge bitcoin’s hegemony as the number one cryptocurrency?
None of them, according to Mr Meade.
He added: “It is certainly not the case that Bitcoin Cash, Ethereum or Ripple are directly chasing bitcoin.
Bitcoin’s BIG BANG: Top crypto asset manager explains Ethereum, Ripple and Bitcoin Cash
“It is quite possible that amongst a number of different scenarios, all of these assets and blockchains can coexist. However, it is also the case that if anyone of these experiences massive wide scale global adoption that an ecosystem develops around it that leaves no room for a competing blockchain to fulfil its own individual use case at scale.
“The situation is not black and white - winner takes all.
“It is much more accurate to think of the situation like the Big Bang; right now developers and technologists are experimenting with this technology to see how it can be applied with other technologies and how it can be used and applied to form the foundation of a next-generation Web and digitally native financial architecture.”
Although the asset manager won’t pick a winner Jimmy Nguyen, Chief Executive Officer of leading blockchain specialist, nChain, told Express.co.uk that Bitcoin Cash - with a commitment to bigger blocks, faster speed, and lower transaction fees, is a new piece of technology that can rival the VISA and Mastercard global payment systems and create enterprise-level payment and technology systems.
He added: “While legacy Bitcoin has attracted much attention in late 2017, Bitcoin Cash has been quietly gaining traction.
“Bitcoin Cash is now set to take off further in the next 12 months as awareness of the benefits of a truly scalable cryptocurrency become clearer in the eyes of business leaders.”
Related Stories
Latest News
Top news around the world
Academy Awards

‘Oppenheimer’ Reigns at Oscars With Seven Wins, Including Best Picture and Director

Get the latest news about the 2024 Oscars, including nominations, winners, predictions and red carpet fashion at 96th Academy Awards

Around the World

Politic
Mary Trump 'energized' as uncle 'Donald's campaign spirals into chaos'
Mar 29, 2024
Donald Trump's campaign is in chaos, and his niece says she's energized.Mary Trump, the niece of the former president and a psychologist by trade, has previously been critical of her uncle.On Thursday, she said her uncle's failures are adding up.ALSO READ: A neuroscientist reveals how Trump and Biden's cognitive impairments are different"As the RNC’s fundraising falters and Donald’s campaign spirals into chaos, I am energized!" she said in a Substack post.She then continued:"When Donald dominates the news cycle, it’s hard not to feel overwhelmed. Every bad headline has a negative impact. But then I remember something crucial: There’s usually more to the story than meets the eye. I’m determined to cut through the media noise and share with you all the good that happened this week. These are the headlines we need to remain energized and hopeful that the media largely ignored."Mary Trump goes on to highlight President Joe Biden's recent fundraising hauls."President Biden’s $155 million+ war chest has just received another turbo boost, bringing the total of cash on hand to at least $180 million. (By comparison, between his campaign and the RNC, Donald barely has over $50 million — and continues to drain the accounts to cover his absolutely staggering legal expenses)," she wrote. "This is a development that could significantly increase Biden’s ability to influence the narrative in crucial swing states."This, she says, also tells us a lot about voter excitement for Biden."While critics have expressed doubts about the degree to which the Democratic base is fired up as compared to 2020, today’s $25 million fundraiser, raised with donations ranging from $250 to $500,000, should put any doubts to rest — yes, we are absolutely behind President Biden and Vice President Harris and we’re in this fight until the end," she wrote.Read the full post here.
READ MORE
Celebrity News

> Latest News in Media

Watch It
Ruby Franke’s Husband REVEALS Alleged Rules He Had to Follow at Home | E! News
March 28, 2024
_mU-3lE2QwI
#KenanThompson speaks out following the #QuietonSet documentary. (🎥: Tamron Hall Show) #shorts
March 28, 2024
8AGP-Gfw_Ek
King Charles Shares "Great Sadness" at Missing Royal Appearance | E! News
March 28, 2024
lyizFqf1kQY
Martha Reeves Walk of Fame Ceremony
March 27, 2024
QzyezumEPtQ
Eminem, 50 Cent & Snoop Dogg Present Dr. Dre with a Star on the Walk of Fame
March 19, 2024
4bNLs1hxVp8
Opening Remarks for the Variety Summit October 20th, 2023 Jay Penske
March 18, 2024
c6Z707iLq8E
Montell Jordan Dishes On Young MC Wedding, 'This Is How Date Night' Plans | TMZ
March 28, 2024
G3SMExj-qio
Davina Potratz Says TV Not Helping 'Selling Sunset' Relationship Woes | TMZ
March 28, 2024
D4piy4GNm4k
Logan Paul Rips Graham Bensinger Over Documentary, You Promised Apple TV+ | TMZ Live
March 28, 2024
NiSDpZhZklQ
Prince William pinned royal medal to Spice Girl Mel B’s boobs #shorts
March 28, 2024
O1cQ0UW9pco
Jennifer Garner shares ‘hard’ part of raising her and Ben Affleck’s kids
March 28, 2024
3Q7mZaVUdgc
50 Cent's ex Daphne Joy named as an alleged sex worker in Sean ‘Diddy’ Combs lawsuit #shorts
March 28, 2024
yhLFI8DG9rM
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
28
Mar
CHAMPIONS LEAGUE: Playoffs - Women
PSG W - Hacken W
28
Mar
CHAMPIONS LEAGUE: Playoffs - Women
Barcelona W - SK Brann W
27
Mar
CHAMPIONS LEAGUE: Playoffs - Women
Chelsea W - Ajax W
27
Mar
CHAMPIONS LEAGUE: Playoffs - Women
Lyon W - SL Benfica W
17
Mar
SPAIN: La Liga
Atletico Madrid - Barcelona
17
Mar
ENGLAND: FA Cup
Manchester United - Liverpool
17
Mar
ITALY: Serie A
Inter Milan - Napoli
17
Mar
GERMANY: Bundesliga
Borussia Dortmund - Eintracht Frankfurt
17
Mar
ENGLAND: FA Cup
Chelsea - Leicester City
17
Mar
ITALY: Serie A
Roma - Sassuolo
17
Mar
ITALY: Serie A
Verona - AC Milan
17
Mar
ITALY: Serie A
Juventus - Genoa
16
Mar
GERMANY: Bundesliga
Darmstadt - Bayern Munich
16
Mar
ENGLAND: FA Cup
Manchester City - Newcastle United
16
Mar
ENGLAND: Premier League
Fulham - Tottenham Hotspur
16
Mar
SPAIN: La Liga
Osasuna - Real Madrid
13
Mar
CHAMPIONS LEAGUE: 1/8 Final
Atletico Madrid - Inter Milan
12
Mar
CHAMPIONS LEAGUE: 1/8 Final
Barcelona - Napoli
12
Mar
CHAMPIONS LEAGUE: 1/8 Final
Arsenal - Porto
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.