There are over 2,000 digital assets and each of these has something to offer. From Verge’s (XVG) privacy to Ripple’s (XRP) cross-border remittance down to IOTA’s (MIOTA) IoT tendencies, there leaves no doubt that cryptocurrencies are championing the cause of decentralized transactions.
The current formulation beclouds every iota of stagnation in crypto trades. Rather, the poser is on the possibility of one of these coins toppling others in crypto sphere.
The focus is on Ripple’s XRP, Stellar Lumen (XLM), IOTA (MIOTA), and VeChain’s VET. Which of these coins will champion the crypto cause?
Ripple’s (XRP) Cross-Border Remittance is Superb
Ripple’s XRP opens the floor with its impressive cross-border transactions. The introduction of the xRapid payment tool late 2018 opened new avenues for the coin’s adoption. As it stands, the coin has an enviable position in the cryptocurrency market capitalization and is in a better position to secure the interests of cryptocurrencies.
Stellar’s (XLM) Instant Transactions are amazing
Crypto enthusiasts often compare Ripple’s XRP to Stellar Lumen’s XLM. Both rely on the Distributed Ledger Technology and offer fast and cheaper cross-border remittance. Despite these, Stellar (XLM) prides itself as being more decentralized than Ripple (XRP). In addition, its foothold is on real-world users as against Ripple’s (XRP) adoption by banks. In the light of this, Stellar Lumen’s XLM gets to the end-user. This cuts down the need for transactions through the bank. On scrutiny, this approach is a clear reflection of cryptocurrencies – efficient and speedy transactions without third-party interference.
IOTA (MIOTA) Tangles IoT
VeChain (VET) has a stiff competitor in IOTA (MIOTA). The coin relies on its tangle Distributed Ledger Technology (DLT) to bring the IoT world to many use cases. It is interesting to note that the world is gradually shifting from reliance on the human work force to machine learning and work output. As the decentralized world awaits the fourth generation blockchain which will usher in industrialization, IOTA’s (MIOTA) solutions for IoT is a nice way to champion the cause of cryptocurrencies.
VeChain (VET) : A Channel for Blockchain and IoT Romance
The prospects of VeChain’s (VET) are to take new shapes in 2019. Reports have it that more connected devices will make their way into the global community of technology enthusiasts. With its patterning for Internet of Things (IoT) and mergers with many companies (such as Volkswagen), the coin will be a medium to connect the decentralized community to the machine-to-machine world.
Who is the Champion: IOTA (MIOTA) or VeChain (VET) or Ripple (XRP) or Stellar (XLM)?
The disparate lots of cryptographic currencies win in their own climes. However, Stellar’s (XLM) approach is in tandem with cryptocurrency’s gospel of decentralization. It also targets the end-users instead of working through banks. Ripple’s XRP has found dominance in many exchanges and functions as a payment tool in many banks.
On their part, the IoT-inclined coins, VET and MIOTA champion the integration of cryptocurrencies to the machine-to-machine world. With impressive partnerships in their kitties and as more investors work towards their adoption, these coins certainly has a lot to offer to the success of the crypto sphere.
Concisely, IOTA (MIOTA), VeChain (VET), Ripple (XRP), and Stellar (XLM) champion the crypto cause in their different use cases. It is too early to crown a champion. Crypto enthusiasts should watch the space for more actions. From these, they can place their hands on a specific coin that will hold sway as the face of cryptocurrencies.
Opinion expressed in this article are those of the author and not necessarily of Today’s Gazette.