ELead Managers

Ethereum (Ether)

Ethereum is historically the second most popular cryptocurrency however it is very different from Bitcoin. Ethereum is the name of the blockchain platform and Ether is the name of the cryptocurrency. Ethereum is the blockchain platform for smart contracts. They can also be considered as defined ‘rules’ from which many different applications, or Dapps – decentralized applications – can be created from. Ethereum Dapp’s range from games to Initial Coin Offerings (ICOs), which are the cryptocurrency world’s equivalent to crowdfunding or IPOs. While other smart contract platforms have been launched since Ethereum, each claiming to offer more sophisticated blockchain technology, the original blockchain has retained its position as the most utilized. While Bitcoin is intended as an alternative to traditional fiat currencies, the purpose of Ether (besides being traded as an asset) is to pay for use of the Ethereum platform. It’s known as a ‘utility’ cryptocurrency.



Ripple XRP

Ripple XRP is another ‘utility’ coin. Its blockchain platform is set up to facilitate cross-border transfers of fiat currency more efficiently. Closely connected to and supported by several banks from its beginning, Ripple XRP is often regarded as the ‘establishment’ cryptocurrency. The number of transfer services using Ripple’s platform has gradually grown over the years and there is a genuine possibility that it will become part of the traditional financial system.