Reboxetine currency will be under a bitcoin?

The first week of 2018 (XRP), reboxetine currency after a sustained strong growth, as of January 4th 17, the price has reached $3.5, the total market capitalization of more than $130 billion, secured second global digital currency position.

Reboxetine currency will be under a bitcoin?

Since the beginning of 2016, after just a year's time, the market value of reboxetine currency has increased 550 times.

Reboxetine currency will be under a bitcoin?

So, what is the reboxetine currency? Why is it so fast? Is it possible to be the next bit of bitcoin?

What is the reboxetine currency

Want to find solutions for Ruibo currency, Gerbaud network (Ripple).

The Ripple network is a centralization of liquidation agreement to solve the high cost of interbank liquidation and Gao Yanchi. It is the monetary base reboxetine currency (XRP).

In the early stages of the development of the Ripple network, the users were few and limited to several small circles, because the original design idea of the Ripple protocol was based on the trust chain. That is to say, if we want to use Ripple network to transfer accounts, the premise is that the payee and payer must be friends or guarantee with a common friend in the network, that is, all transactions are established in acquaintance network.

Until Ripple Labs took over the Ripple network, and launched a trust chain reboxetine currency to solve problems. Reboxetine currency is a network within the tool, it has two functions.

One is the intermediate of various currency exchange. It can be all kinds of assets, such as the dollar, RMB and yen, bitcoin is connected to a Ripple network, and converted into reboxetine currency, after reboxetine currency in free circulation of the entire network, complete and efficient trading.

The two is to improve the stability of the system. Previously, because the Ripple protocol is an open source, hackers can create a lot of garbage accounts ", resulting in network paralysis, in order to avoid this situation, the Ripple Labs requirements for every transaction, will destroy the 1/100000 reboxetine currency.  The cost for the normal traders cost is almost negligible, but for hackers, the destruction of the ripple coin will have exponentially the number of malicious attacks on the level of growth, the cost will be enormous. Moreover, with the passage of time, the total amount of reboxetine currency will fall, and thus depreciate to avoid inflation.

Reboxetine currency advantage

Compared with bitcoin, reboxetine currency has two significant advantages: low cost, good relationship with agencies.

(1) low cost of trading

Traditional interbank transfers may take 3-5 days, and digital currencies based on block chain technology, such as bitcoin and the ether workshop, need a few minutes to a few hours. While reboxetine currency can complete the transaction within 4 seconds, and each transaction costs only 1-2 cents, thereby greatly reducing the transaction costs among various assets.

Reboxetine currency will be under a bitcoin?

In addition, the size of the Ripple network is also better. According to Ripple Lab statistics, by the end of July 2017, reboxetine currency 1500 transactions per second can be achieved, and ensure the stable operation of 24 hours all day long.  The volume of this transaction is 500 times the size of bitcoin.

Reboxetine currency will be under a bitcoin?

(2) good relations with large institutions

Ripple network with the major banks and regulators have maintained good relations, which also provides the basis for the stable development of reboxetine currency.

To paraphrase Ripple CEO Stefan Thomas, "was born reboxetine currency for the banking industry design, but bitcoin is not, in fact, the bitcoin system is designed in order to survive in the government, rather than the government and live together in peace together but the XRP system is not the same, and the mechanism of peaceful coexistence is to be one of the reasons for the success of the government and supervision."

It is understood that at present, nearly one hundred banking institutions have registered in Ripple and began to use XRP to deal with them. This number is still on the rise. And the Ripple network has established a cooperative relationship with the Bank of Japan and a number of European banks.

Summary

Low transaction costs, and the banking industry as a backing, 2018 reboxetine currency, it is full of imagination.