Ripple has surged another 33 percent on Friday and is very close to becoming the second-largest cryptocurrency. It is up 30,000 percent in 2017.
After the Friday’s price jump, ripple’s market cap hit $73.6 billion at 11:04 GMT, briefly leaving ethereum $3 billion behind.
While bitcoin and many other cryptocurrencies are known for being decentralized, ripple owners are well-known, and the cryptocurrency is centralized.
The ripple cryptocurrency, XPR token, operates under parent company Ripple, a privately funded firm based in San Francisco, California.
Ripple has had the biggest growth in value among notable digital tokens this year. It has gone from less than a cent ($0.006523) in January to $1.90 on Friday, which represents a 30,000 percent surge this year.
According to its founders, ripple seeks to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks.”
The advantage of ripple, according to its backers, is that it is not just a cryptocurrency. It is also used as a digital protocol that acts as a bridge to other currencies and doesn’t discriminate against peers whether they are using digital money, fiat currencies or even mobile minutes.
In the Meantime G-BiT is making some noise.
GBiT makes it easy to access and use a super secure cryptocurrency that has all of the benefits of Bitcoin and more. Transactions in GBiT happen faster and are more anonymous but within our proprietary checks and balances. Did you know that anyone with your public Bitcoin wallet address can see how many bitcoin you have, and your entire transaction history? GBiT protects your transaction history and wallet contents from prying eyes, whilst leaving publicly accessible transaction hashes available for the technically discerning to authenticate transactions.
Super Secure – Unhackable Offline Wallets
“Googling” for Bitcoin Hack or Ethereum Hack will find you dozens of stories of stolen cryptocurrencies. We’ve developed an OFFLINE wallet that is 100% secure. You can create as many offline wallets as you like (free) and transfer the bulk of your GBiT or other Cryptos to those wallets.
There is a limited number of G-BiT 5m only, that will become 100m after the Valentines Day Fork Feb 14, 2018 and 500m on the Winter solstice 2018 in Northern Hemisphere will be at 10:23 PM on Friday , December 21.
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