? Ripple , Ethereum , Bitcoin , IOTA are “Groundbreaking Technologies” – World Trade Organisation

Ripple xrp news today // cryptocurrency news today – World Trade Organisation report: Ripple, IOTA, Bitcoin & Ethereum are groundbreaking technologies

What do you think of these major cryptocurrencies ? Comment below!

EXCERPT: Ripple has ambitions to circumvent the correspondent banking model through its distributed ledger platform. It gives banks the ability to convert funds directly into different currencies in a matter of seconds and at little to no cost, without relying on correspondent banks.”

“The company has licenses with more than 100 banks and financial institutions, but it seems that only a limited number of large operations have taken place to date. Banks are still testing the system.

Blockchain is the most well-known distributed ledger technology (DLT), but an increasing number of other models are being developed that, like Blockchain, are distributed and use various cryptographic techniques, but that are moving away from the concept of ‘blocks’ – or even from both the concepts of ‘blocks’ and ‘chains’. One example of this is IOTA, a cryptocurrency designed for machine-to-machine communication, in which each transaction is linked to two previous transactions as part of the validation process to form a ‘tangle’ rather than a chain. Today, the term ‘blockchain’ is commonly used to refer more generally to distributed ledger technology and to the phenomenon surrounding it.

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? Ripple , Ethereum , Bitcoin , IOTA are “Groundbreaking Technologies” – World Trade Organisation

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