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Handling crypto assets

Ripple_

XRP is the native encrypted asset of XRP Ledger, a decentralized public blockchain with fast processing speed and low cost. XRP is used by various companies and organizations, including Ripple, for various use cases such as international money transfers and micropayments.
Name
Ripple (Ripple)
Currency Units
Ripple
Attribute recording medium
XRP Ledger
Distribution method
All 100 billion XRP issued at network launch in 2012

XRP is the native crypto asset of the XRP Ledger, which went into operation in 2012 for a variety of purposes. Among them, Ripple Net provided by Ripple is used as a bridge currency between fiat currencies in the remittance of financial institutions. It is used as on-demand liquidity, and the liquidity of financial institutions is much larger than before. The reach of remittance destinations can be expanded globally while reducing sexual costs. In addition, XRP also has the feature of charging transaction fees for XRP Ledger transactions. When there is an attack on the network, the fee will automatically increase, so it is a mechanism to prevent attacks in advance. XRP can be settled every 3 to 4 seconds and has a scalable structure that can settle 1500 transactions per second. Additionally, XRP has a mechanism called Reserve that requires each address to have a balance of at least 10 XRP as a base Reserve.

Bitcoin (Bitcoin)

Bitcoin is the most widely distributed encrypted asset in the world. Even in brick-and-mortar stores in Japan, Bitcoin payments have become common. By using blockchain, Bitcoin eliminates the need for managers and intermediaries such as states and banks, and makes falsification of data technically impossible.
Name
Bitcoin
Currency Units
Bitcoin
Attribute recording medium
Bitcoin blockchain
Distribution method
Issue in the form (rewards) provided to maintenance participants, known as miners who first generate blocks

BTC gets the right to be recorded on the blockchain by solving an automatically adjusted math problem (called mining) in about 10 minutes, and issues a certain amount of BTC as a mining reward. It's done. Nodes who challenge math problems to get records on the blockchain and receive mining rewards are called "miners". Since solving math problems quickly is a condition for obtaining the right of record, the more miners who can prepare high-performance computer resources, the more likely it is to obtain the right of record and receive BTC. Also, with the increase in transaction volume in recent years, the number of conditional (fee on record) transactions that "pay miners conditioned on the transaction being recorded on the blockchain" is increasing in order to quickly confirm transactions. I'm.

ETH (Ethereum)

Ethereum is a cryptocurrency asset that utilizes blockchain technology like Bitcoin, but it features smart contracts. Ethereum has two account types: Externally Owned Account (EOA) and Contract Account (CA). Periodic fund settlement is done by EOA, and smart contracts are done by CA. Cryptoassets are characterized by their function as smart contract platforms, such as being designed to be easy to manage.
Name
Ethereum
Currency Units
Ether (ETH)
Attribute recording medium
Ethereum blockchain
Distribution method
The proof-of-work mechanism adjusts the difficulty of those involved in maintaining the Ethereum blockchain to the difficulty level required for block generation, which can be found in about 15 seconds, and is entirely probabilistic Naturally, it is computationally expensive. Propagating it to the Ethereum network, it is provided by the protocol to addresses designated by maintenance participants.

ETH is a cryptographic asset that enables building distributed applications (Dapps "Dapps") and implementing smart contracts on the blockchain. There are two types of accounts on the ETH blockchain: Externally Owned Accounts (EOA) and Contract Accounts (CA). ETH is settled by EOA and smart contract tokens are settled by CA. On the blockchain, we have a mechanism that records not only transaction information but also contract details. The beauty of currency is that there is a lot of scope for building currency-based projects using this mechanism. The consensus algorithm uses the same proof-of-work as Bitcoin, but in the future, the larger the amount of ETH known as proof-of-stake, the more successful mining will be. also presented.

BCH (Bitcoin Cash)

Bitcoin Cash is a cryptocurrency asset created by a hard fork of Bitcoin on August 1, 2017. Like Bitcoin, it uses proof-of-work and has a maximum issuance of 21 million BCH. The issuance of Bitcoin Cash is done through mining, which also generates mining rewards.
Name
Bitcoin Cash (BCH)
Currency Units
BCH
Attribute recording medium
Bitcoin Cash Blockchain
Distribution method
Cryptocurrency assets are issued as compensation/compensation to recorders who perform cryptographic calculations and value recording to maintain ledger data for decentralized value holding and value transfer

BCH is a cryptoasset created through a hard fork on August 1, 2017, as Bitcoin faced scalability issues. The basic specifications are the same as Bitcoin, but the block size is different, Bitcoin is 1MB, and Bitcoin Cash is 32MB, which can process more transactions at a time. In addition, since it is aimed at being a payment currency, it also features low fees. The scalability problem is that as Bitcoin awareness increases and users rapidly increase, sending a large amount of transaction data exceeding the regular capacity of 1MB, the fee increases. Processing time delay. In this way, the problem of losing the original convenience due to the increase of users is called "scalability problem". To solve this problem, two approaches were discussed, SegWit for soft forks and large blocks for hard forks, which resulted in the adoption of large blocks with increased processing power. Born after the hard fork was implemented.

LTC (Litecoin)

Litecoin is an encrypted asset based on Bitcoin in October 2011. It was invented by former Google engineer Charlie Lee and developed to solve the problem of Bitcoin's issuance limit and transaction approval time. Our goal is to be an easy-to-use cryptoasset for everyday payments that is easier to use and more practical than Bitcoin.
Name
Litecoin (LTC)
Currency Units
LTC
Attribute recording medium
Litecoin Network
Distribution method
Cryptocurrency assets are issued as compensation/compensation to recorders who perform cryptographic calculations and value recording to maintain ledger data for decentralized value holding and value transfer

LTC was developed to address the shortcomings of Bitcoin's issuance limits and transaction approval times. Bitcoin is capped at 21 million BTC, but LTC is designed to generate 84 million LTC, four times that. In addition, by introducing Segregated Witness, the transaction data volume can be compressed, and the approval speed is about 2 minutes and 30 seconds, which is a quarter, while Bitcoin takes 10 minutes per block, which will be the speed. Since LTC is developed based on Bitcoin technology, its basic mechanism is the same as Bitcoin, using proof of work using the Scrypt algorithm. Miners will receive 12.5 LTC for every block mined, and this amount is halved approximately every 4 years (half-life). The first was on August 26, 2015, and the second was on August 5, 2019. LTC is practical and focused as a payment service. In the future, as more and more companies adopt it as a payment method, its value will be further enhanced and may become more popular with the public. ...

LINK (link)

Chainlink was founded by an American smart contract company, developed by Sergei Nazarov in September 2017, and launched by Mainnet in May 2019. It has played a major role in solving many of the problems faced by blockchains, such as being able to securely import external data into a blockchain network, and has launched several use cases.
Name
Link (LINK)
Currency Units
Association
Attribute recording medium
Ethereum blockchain
Distribution method
LINK is an ERC677 token, and starting with the ICO on September 19, 2017, 1,000,000,000 LINK will be issued in full on the Ethereum blockchain.

LINK is a crypto asset processed on Chainlink, a distributed oracle-enabled platform that connects smart contracts (on-chain) and information off-blockchain (off-chain). Oracles are middleware that acts as a bridge between smart contracts and off-chain data. In particular, a decentralized oracle removes the system risk of a single central administrator and increases data reliability through validation with multiple linked oracles. Link technology makes it possible to connect off-chain, which was previously difficult to connect. For example, smart contracts and existing data are expected to be securely managed and utilized in various real-life areas such as finance, securities, insurance, and trade, such as various web applications and bank payments. Additionally, chain links can connect different blockchains as well as off-chain. Many blockchains are incompatible with each other and cannot be connected as-is, but can be intermediary through a chain ring.

DOT (Polkadot)

Polkadot was launched in 2016 by Ethereum co-founder and former CTO Gavin Wood and others, and the mainnet launched in May 2020. It’s also known as the Ethereum Killer because Polkadot has high utility, such as compensating for Ethereum’s scalability issues and making it easy to create your own blockchain.
Name
Polkadot (DOT)
Currency Units
dot
Attribute recording medium
Polkadot Network
Distribution method
is automatically issued by the program. Implemented a mechanism to automatically adjust the number of new issuances based on the number of pledged DOTs.

DOT is a cryptocurrency asset processed on Polkadot, a project developed by the Swiss foundation "Web3 Foundation" to enable a new decentralized web called Web3.0. So far, Polkadot is a centralized type where some companies collect and manage personal information, but by decentralizing it through blockchain technology, personal information will be managed distributed among users, as well as unauthorized access, our The goal is to become a Web 3.0 information breach that reduces risk. In addition, Polkadot can achieve interoperability by connecting different blockchains, which is not possible with traditional blockchains, so the application scope of blockchain is likely to expand. Additionally, parallelized blockchains called parachains process transactions in parallel to increase processing speed, which can solve scalability issues such as transaction delays and spikes in crypto asset fees.

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