Ehtereum (ETH) – Billionaire365

Can XRP (XRP) Outperform Bitcoin (BTC) And Ethereum (ETH) In Cryptocurrencies Market?

During December 2017 and especially in January 2018 XRP (XRP), back then known as Ripple (XRP), was one of the top earners of the cryptocurrencies market. In January, the XRP surged significantly, and many crypto enthusiasts and traders predicted that this crypto token would surpass Ethereum (ETH) by market capitalization. However, that didn’t happen. Can XRP (XRP) still outperform Bitcoin (BTC) and Ethereum (ETH)?

Since January, when the XRP traded above $3, the Ripple (XRP) dropped significantly and lost momentum as regarding the trading volumes. However, this fact was due to the many lawsuits involving Ripple, the XRP’s owner.

On the other hand, XRP (XRP) was not very successful within the US markets but managed to sign some important partnerships with various financial and banking institutions in the Middle East, India, and Japan. However, to date, the most successful deal seems to be the one with SBI Holdings with which Ripple managed to launch the VCTRADE cryptocurrency exchange platform.

Can XRP (XRP) outperform Bitcoin (BTC) and Ethereum (ETH)?

Well, if we are to believe SBI Holdings and VCTRADE’s CEO, Yoshitaka Kitao, XRP (XRP), formerly known as Ripple (XRP), would have all that a cryptocurrency needs to dethrone Bitcoin (BTC) and, subsequently, the Ethereum (ETH) which is currently the second-largest crypto by market cap.

But Yoshitaka Kitao is a renowned XRP (XRP) bull and enthusiast so that he might be subjective on this matter. Even more, the companies he manages are way involved with Ripple and its crypto token, so, this would be another reason why Kitao might be subjective.

Additionally, Brad Garlinghouse, Ripple CEO, doesn’t see in Bitcoin (BTC) a robust ecosystem for payments, while Ripple’s platforms and the XRP token provide cheaper and faster transactions, as he said.

As for the Ethereum (ETH), its decline might be caused not by the XRP (XRP), known until recently as Ripple (XRP), but by the fierce competition from EOS (EOS), TRON (TRX), and Zilliqa (ZIL).

That being said, XRP (XRP) could outperform Ethereum (ETH) but not because it is a stronger crypto token. On the other hand, exceeding Bitcoin (BTC) is harder to achieve, at least at the moment, even though the XRP blockchain is faster than BTC blockchain.

Anna Galvez

Ethereum (ETH) Sharding To Overcome The Recent Blockchain Clog, Announced By Vitalik Buterin

Now, that the crypto coins and blockchains grow in acceptance and popularity, the scalability of the crypto networks is a growing issue, as the blockchains of the largest cryptocurrencies may not be prepared to handle as many transactions as they would require. This rapid increase in the number of cryptocurrencies holders over the past year has resulted in Ethereum (ETH) blockchain to clog up and the fees charged by it to rise. The solution would be Ethereum (ETH) sharding.

Therefore, the application of certain scalability measures put forward by the ETH developer, Vitalik Buterin, toward the community grew in priority. Thus, Vitalik Buterin, the founder and the leading developer of Ethereum (ETH), indicated today they will perform a Proof of Concept (PoC) based on sharding the network.

The sharding proposal to overcome this issue means the “repartition” of the blockchain among the net’s nodes. This means that every node can only approve a portion of the transactions.

Ethereum (ETH) sharding will improve the speed of the network

By allocating the approval of new blocks by this procedure means, Ethereum (ETH) network is able to significantly improve the processing of the network transactions. While the current protocol handles a new block every 12 to 15 seconds, via sharding the nodes it will process new blocks once every 2 to 8 seconds.

Even though the GitHub trial script has only 4 shards, Ethereum (ETH) team is expecting to be over 100 shards by the time it is deployed in the main blockchain.

Furthermore, Buterin argues that this backup chain will run on a PoS interface which will be tied to the primary Ethereum (ETH) blockchain, for the time being, but, when the Casper protocol will be completely deployed, the backup network should be completely incorporated into the primary ETH network.

With the complete and effective deployment of this Ethereum (ETH) sharding protocol, Ethereum (ETH) will be capable of handling many more transactions than it is able of processing at the moment. As a result, the different decentralized projects, that have been made famous under the name of CryptoKitties, will not negatively impact on the blockchain performance anymore.

Anna Galvez