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Blog URL: https://coil.com/p/Hodor/Seven-Ways-From-Sunday/ZUh9tnkGL There is one crypto network with an overwhelmingly-large amount of utility that is building to greater levels each day: Read about how XRP is making progress - Seven Ways from Sunday - in my latest blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: @hastytoro reminds the cryptomarket about Bitcoin's environmental destruction. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Brad Garlinghouse is interviewed by CNN's Julia Chatterley in a two-part series; Bradley Chase from Ripple presents at TTI/Vanguard, a think tank and conference series based in Santa Monica, CA; Ripple's Xpring invests in Coinme, a company that operates Bitcoin kiosks in the United States; Navin Gupta, Ripple's Managing Director of MENA (Middle-east and North Africa), is scheduled to present at SIBOS; and Ripple's escrowed XRP now amounts to less than half of the overall supply. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Coil sponsors and participates in a game developer contest that includes web monetization; and I share my new Coil recommendations. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: The XRP Community celebrates over 50 million ledgers closed; Organizers of the Japanese meetup publish additional agenda details, including the identity of the main speaker, and other activities; The founder of the XRP Toast Wallet has created networking software for promulgating smart contracts, called 'Hot Pocket.'; and the SWIPE platform now supports XRP; I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
Bitcion Mining hurts the environment! I discuss this in my latest blog entry and talk about how to support the environment... buy investing in XRP. I genuinely hope you enjoy the read! I think Ripple should really hammer this environmental point even more than they already do. Let me know what you think, positive or negative, below, and as always, feel free to share my blog on other media! My blog announcements on other media: Twitter Reddit Bitcointalk - alt coin sub forum Bitcointalk - XRP Speculation Thread
Proof of Work consensus algorithms require the usage of massive amounts of electricity, for CPUs to mine for bitcoins and other alt coins. For bitcoin, it's coal-fueled mining facilities in China have become a subject of much attention and debate, as the miner's interests are only about generating bitcoins as a mining reward. They do not focus on other metrics, such as uptime and network stability, as Ripple does. Here are some pictures of one such mining operation: In contrast, other types of consensus algorithms do not require this energy, because consensus can be achieved in other ways. When it comes to blockchains, the most common alternative is a hybrid of a consensus approach known as "Proof of Stake," where the consensus is achieved by nodes that have the most "stake" or amount of coins. (source: https://en.wikipedia.org/wiki/Proof-of-stake ) This approach is still considered a bit of a novelty, and requires a hybrid approach to start off the blockchain at its beginning stages - essentially hard-coding in a starting distribution of the stake to initiate the protocol. The other consensus algorithm is one that has been proven stable over many years of use; the XRP consensus, which uses a byzantine consensus algorithm. It's not considered a proof of work or a proof of state, but instead is centered around a "voting" mechanism among trusted nodes on a network. This means that no "mining" is necessary on the RCL, and it is by far the most energy-efficient method of achieving transaction confirmations, even more so than a hybrid Proof of Stake. The enery consumption of those networks (such as ETH or BTC) is no small matter. Bitcoin currently is estimated to generate 2,000,000 metric tons of CO2 every year. I have seen no such estimate yet of Ethereum, but because it's a POW blockchain, it will require or imply electrical consumption to fuel its consensus algorithm, and to keep it's network secure (source: reddit.com/r/ethereum/comments/3mchof/question_why_switch_to_pos/ ) The general public has shown a tendency to opt for "green energy" solutions in almost every industry where they know about the choice, or it's clearly labeled. In the case of crypto-currency, Ripple has chosen not to trumpet the "green-ness" of their solution, instead focusing on its incredible efficiency, but for me, it's good to know that the environment is benefiting from my choice of investment as well! Stay Green! Buy XRP!