Now and Then #5: Ripple

Another major project that has brought tremendous attention in the field of blockchain is Ripple, a peer-to-peer cryptocurrency with the goal of providing a quick and secure way to make online transfers.

While it is common for almost all cryptocurrencies to use the abbreviation of the name (Bitcoin – BTC, Ethereum – ETH, Litecoin – LTC), XRP is the only way to call the coin of the Ripple project, which consists of several components: Internet protocol, consensus ledger, and the currency XRP. 

In today’s SpectroCoin blog post, we will briefly overview the evolution of the Ripple project and its currency XRP, and discuss where this cryptocurrency stands now.  

Ripple (XRP) has evolved since 2012

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Now and Then #4: Dash

As discussed in our previous blog post, Dash was originally created as a fork of Litecoin. While the goal of such forks was to improve certain features of an existing blockchain, the Dash project aimed to enhance the privacy and anonymity of cryptocurrency users. 

Dash (DASH) was launched in 2014 by Evan Duffield, who based his ideas on the Bitcoin whitepaper outlined by Satoshi Nakamoto. In the Dash whitepaper, the currency was described as “the first privacy-centric cryptographic currency”. 

In today’s SpectroCoin blog post, we will take a look at how Dash has evolved since its launch and what this cryptocurrency looks like today. 

Dash has evolved significantly since 2014

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Now and Then #3: Litecoin

While many draw their attention to the performance of the biggest cryptocurrencies such as Bitcoin and Ethereum, coins that have smaller market caps are not so often discussed. Despite this fact, many smaller cryptos have built strong communities around them. 

One such example is Litecoin, a cryptocurrency often called “the little brother” of Bitcoin. Litecoin was launched by a former Google employee – Charlie Lee – in 2011. Whereas there were huge similarities between the two, Litecoin mainly aimed to outperform Bitcoin in terms of transaction speed. 

In today’s SpectroCoin blog post, we will discuss how Litecoin succeeded in reaching its goals and how this cryptocurrency has evolved over the years.

Litecoin has evolved since 2011

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Now and Then #2: Ethereum

The release of Bitcoin drew tremendous attention to blockchain technology from developers around the world. One of them was Vitalik Buterin – a developer from Canada who was 19-year-old at the time – proposed a novel platform for online transactions in 2013.

While funding was needed to make the idea a reality, it took two more years to gather enough support from contributors and launch the project. Ethereum proposed new blockchain capabilities that led to it becoming the second most recognized cryptocurrency in the world. 

In this SpectroCoin blog post, we will shortly overview the evolution of Ethereum from its early days and present what this cryptocurrency is all about today. 

Ethereum has been evolving since 2014

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Now and Then #1: Bitcoin

Back in January 2009, a mysterious person or a group of people called Satoshi Nakamoto created a technology that laid the foundation for the revolution of finance. As described in the white paper, the digital currency – Bitcoin – aimed for lower transaction fees and complete independence from governments. 

Over the years, both the creator and the technology itself raised a lot of discussions. The decentralized nature and innovative system went through various stages and gained increasing popularity around the globe. 

In today’s SpectroCoin blog post, we will give a brief overview of how Bitcoin has evolved throughout its existence and discuss how this cryptocurrency looks like today.

Bitcoin has evolved significantly since 2009

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