Since cryptocurrencies were first introduced, they have changed the way we think about financial assets. The future of the economy is defined by fiat currencies or gold-backed cryptocurrencies, depending on the situation, created using blockchain technology. But like anything else in life, they go through difficult moments.
Regular dips and crashes are nothing new in the crypto market. The good news is that while some currencies will never fully recover from their losses, others will reach all-time highs as they rise. Ripple (XRP) and Phantom (FTM) have been around for some time now. It has existed in the world of cryptocurrencies and has managed to make a name for itself in many aspects of the financial industry. Can new crypto project Proprivex (PPX) outperform them in its incredible capabilities?
Ripple (XRP)
The cryptocurrency token Ripple (XRP) was created with the aim of moving transactions from closed systems controlled by financial institutions to more open systems, significantly reducing costs. Cross-border transactions benefit from the trustless, fast and affordable nature of his XRP transactions.
Ripple (XRP) runs on a peer-to-peer, open-source, decentralized infrastructure that enables smooth transfers in any currency, including dollars, yen, euros, and cryptocurrencies such as Litecoin and Bitcoin. As a global payment network, Ripple includes many well-known banks and financial institutions as clients. XRP is used in its products to speed up currency conversions between different currencies.
The Ripple network does not work with Proof of Work (PoW) or Proof of Stake (PoS) mechanisms like Bitcoin or nxt. Instead, transactions rely on a consensus mechanism to validate account balances and transactions on the system. By banning double spending, consensus seeks to improve the integrity of the system. Ripple also addresses some of the problems of traditional banks.
Phantom (FTM)
Fantom (FTM) is a DAG-based (Directed Acyclic Graph) smart contract platform for decentralized applications. Fantom is an open source, decentralized and highly scalable platform for creating crypto DApps. Unlike blockchains, which consist of blocks, DAG networks consist of vertices and edges for modeling and structuring data. Because they are layered on top of each other, vertices serve as representations of cryptographic transactions. Simply put, a DAG design resembles a graph, while a blockchain system resembles a chain.
The Fantom Foundation was founded by Dr. Ahn Byung Ik from South Korea in 2018, and since then the smart contract project has developed into one of the most popular blockchains for DeFi transactions.
It was developed to overcome the shortcomings of early blockchain platforms such as Bitcoin (BTC) and Ethereum, especially slow transaction times. Fantom Network (FTM) native tokens can be utilized for network security, validator compensation, and governance related tasks.
Ethereum (ETH) is known to be compatible with Phantom (FTM). Its adaptability allows developers to use his Fantom network to update his current Ethereum dApps to get better performance at less cost. The Fantom Foundation claims that FTM crypto is so scalable that it has the ability to serve as an “IoT infrastructure backbone” for smart contracts and related utilities. However, Fantom has shifted away from this his IoT focus to emphasizing DeFi solutions.
Proprivex (PPX)
The market for crypto assets is still growing rapidly. This means there will be more opportunities and an influx of investors in the coming years. New investors lack the necessary experience to manage a portfolio of crypto assets and are more likely to fall prey to cheats and scammers.The security of various platforms while managing many accounts and transactions. Navigating his protocol can be difficult.
To provide solutions to these blockchain problems, Proprevex was created to provide the best portfolio management services for both new and existing cryptocurrency investors. Proprivex (PPX) offers serious security, high-end asset management tools, risk and compliance advice, efficient frameworks and infrastructure, and much more.
Proprivex Token (PPX)
