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Dapp.com lists 101 Tron-based decentralized apps

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Dapp.com is a website in which everybody can learn about decentralized technology. It helps users to understand, create and use decentralized technology confidently.

As a developer, you can learn the tools and expertise to turn your ideas into decentralized apps and bring them to the market or your favorite blockchain community.

It also features a catalog of high quality and reliable dApps that have the potential to help everybody’s life and make it better.

The company’s mission, in their own words, is:

“We are creating an entire ecosystem to encourage dapp development, awareness, and usage. Our mission is to demystify decentralized technology, helping, and inspiring developers and users to embrace this exciting new space with confidence.”

As part of that mission to bring high-quality decentralized applications to the masses (at least to masses in crypto), dapp.com has included more than a hundred decentralized apps created by the Tron community and running on Tron’s blockchain. The list (which you can find here: https://www.dapp.com/playlist/tron) hails Tron as the platform that’s going to “dominate future gaming”.

That statement is not a coincidence as many of the included apps are, indeed, gaming and gambling apps such as TronBet, Allbet, 888Tron, TronVegas, Trongame, Tronblock, TronWin, TronDice, and Dicebet, just to name a few. But there are many others too.

The thing with games and gambling and Tron is that most (probably all) of these apps give players fair odds which makes winnings more likely and playing a lot more fun. It’s an utterly different experience from traditional betting websites.

This is huge news for the Tron community. Remember that third generation blockchain projects are not just about supporting a digital asset, as it was with Bitcoin when it started. After Ethereum came online, innovating the cryptosphere by creating decentralized applications and smart contracts, the new blockchains are all programmable platforms in which finding users and developers for apps and contracts are every bit as important as the native token itself. This activity creates trade volume for the cryptocurrency in question (TRX, in this case), which in turn generates demand which is what makes any coin’s price go up.

As we write this, TRX is trading at $0.02351, and it’s ranked 9th by market capitalization. It’s been trading in green numbers for the last 24 hours while almost the whole market stands in red, so the progress made by this asset in the market is just amazing.

Keep in mind that only a few months ago, it was ranked at 11th by market capitalization. This means that this is a project that, even in the decidedly bearish conditions the market has seen for 13 months already, has managed to keep growing, delivering on milestones in time, and gaining market value as most other projects are losing ground.

One hundred one useful Tron-based apps listed at dapp.com are one of the signs that show that Tron’s fundamentals are very solid. It’s quickly becoming a coin with real use cases, and this will be determinant for the future as its value will be based on real utility instead of sheer speculative force, which still remains the rule in the crypto verse.

Image courtesy of PixaBay.

Here is how we can get Tron (TRX) added to Niffler

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Are you a member of Tronic’s community? Well, in that case, you’re invited to support an initiative to help Tron’s native coin (Tronix or TRX) to get listed at Niffler.com. How can you help? You just need to join the Team Tronics Community Top Trader Competition. If 5,000 community members join the platform, and the goal is reached, TRX will become listed in the platform without any cost at all.

The trading competition

The competition begins once 3,000 Tronics members sign up. Niffler.co will host the competition and the prizes will be awarded for the winners in the top five spots. Although it started last month but seems to be going on. This is a great chance for you to join and compete with your fellows in the Team Tronics community. The safety in the competition is guaranteed. It’s free to join, it’s going to be a lot of fun to be in a simulated cryptocurrency trading environment. We will all learn a few useful things.

If you manage to become a top-performing trader in the leader board, you’ll have the opportunity to win several interesting prizes. Those include $300 in Tronix coins, a Nano Ledger X, or $200 worth of any cryptocurrency you want. And those are just some of the prizes, there are many more and they’re all very interesting!

The Team Tronics Top Trader competition is a unique way for the Team Tronics’ community to learn more about blockchain technology and projects, digital assets. But it’s so much more than that. It’s a way to stimulate crypto education in a simulated crypto trading competition. It will be fun, it will be edifying, it will be interesting and if you do well you can even win some real money (fiat or digital).

But it’s also a way in which you can show your support (and help) for the blockchain we all know and love: Tron. If we do hit 5,000 users, Niffler will list TRX as a trading pair in their virtual exchange.

Come and join us! Let’s get TRX listed and trading competition started!

Remember how well Tron’s Tronix has been doing lately! A couple of weeks ago it broke into the world’s top ten currencies by market capitalization and now it keeps gaining ground as it’s the ninth one.

Chances are that Tron’s value will keep increasing in value, even if the market continues to be in the bears’ hands. Why? Tron’s decentralized cryptocurrency exchanged for Tron-based digital assets and it’s flourishing as several new cryptocurrencies are appearing and gaining trading value for themselves but also for TRX.

Another development which is to come soon will be the crystallization of Project Atlas which will merge BitTorrent (the world’s largest decentralized network) into Tron’s network. This will also create additional trade volume for TRX as BitTorrent will issue another TRC20 token to reward seeding users.

These are exciting times for Tron! Don’t miss them!

Image courtesy of PixaBay.

Tron DApps TronBet and TronDice make it to GoDapp

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GoDapp is a Chinese-based website that catalogs and offers access to decentralized apps in three blockchain projects: EOS, Tron and ETH. It currently features 114 EOS dApps, 146 for Ethereum and 32 for Tron.

Decentralized applications are computer programs that use blockchain technology to run over a decentralized network. The decentralization ensures safety, reliability, and lack of interference by any central authority.

DApps are critical in second and third generation projects. When the first blockchain in history came online (Bitcoin) it had the sole purpose of creating the world’s first cryptocurrency. Then Ethereum came along. Vitalik Buterin (Ethereum’s creator and current leader) found a way to create not only a new cryptocurrency but also a programmable platform in which applications could run.

Most importantly he invented the idea of smart contracts which are contracts that deliver on their own terms once the given conditions are met. In other words, decentralized apps are as defining of the newest blockchain networks every bit as much as the native token they have.

After Ethereum invented the blockchain programmable platform (with applications and smart contracts included), other blockchain projects have appeared that allow for developers to also create that kind of programs but in a faster network with cheaper costs. Among those are Tron, Cardano, EOS, Stellar Lumens, just to name a few.

When Tron became independent of Ethereum, last June, its new main net had such amazing features regarding speed and costs that many crypto observers soon started to write about the new “Ethereum killer” because the pioneering second generation blockchain was (and remains) plagued by performance problems and high gas costs that are robbing its fans of their former enthusiasm.

But Tron has not killed Ethereum yet. Neither have EOS, Cardano, or any other network. Why? Because Ethereum arrived way earlier than everybody else, and inertia matters everywhere in the universe. More time means more development, more development means more apps, and more apps mean more users.

One of the main reasons Tron has not beaten Ethereum yet is, quite simply, that Ethereum still has many more decentralized applications and smart contracts running.

Tron is investing a lot of money in incentivizing its community developers to keep creating new apps so that it can finally compete with Ethereum in that regard, and that’s why today’s news is relevant.

A couple of days ago, the GoDapp platform added TronBet and TronDice (two gambling and gaming apps based on Tron) so that now you can use them from there, more easily.

Tronbet has over 2280 users as we write this article and it’s grown by 11.24% over the last couple of days. But many other Tron apps are available as well: TronVegas, TronDice, DiceBet, TronFun, TronBlock, and TronWin among others.

Tron remains a very young project, but it’s making progress very quickly, as shown by today’s news. So it’s only a matter of time until the Tron’s developers community comes up with more apps and contracts so that the network becomes more useful and interesting for both crypto aficionados and neutral observers alike.

Image courtesy of PixaBay.

Justin Sun calls for votes on Tron’s proposal No. 15

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Tron is one of the most ambitious and complicated blockchain projects in the world. It aims to use its state-of-the-art third generation blockchain network to decentralize the web completely. It was founded by Justin Sun (who already has a track record as a successful technology tycoon, and as Alibaba’s founder’s protegé) who still leads the project and it’s made a great deal of headway for a project that’s been online for barely 18 months.

Tron is a programmable platform that allows for the creation of smart contracts and decentralized applications, and launching other cryptocurrencies based on Tron’s TRX technology. Starting your own coin based on Tron is exceedingly easy as all it takes is a few clicks at the Tronscan website.

Unlike Ethereum which has only a single technology for issuing tokens (the initial Tronix coin itself started based in Ethereum, as was EOS), Tron offers two different technologies: TRC10 and TRC20. Both kinds of tokens can be traded for TRX at Tron’s decentralized exchanges. The difference is that TRC20 is more sophisticated and versatile than TRC10. But even if TRC10 tokens tend to be more basic, they will be very important soon, and we’ll tell you why.

Amongst Tron’s and Mr. Sun’s strategic moves is BitTorrent, the world’s largest decentralized network. Tron bought BitTorrent and is currently working in Project Atlas. It’s a project that will merge the BitTorrent network into Tron’s blockchain and community, and that will use a new Tron-based token (called BTT) to reward BitTorrent users for seeding their files for longer times.

And this is why TRC10 technology matters. The brand new BitTorrent Token (BTT) will be a TRC10 token so making the whole TRC10 technology more versatile is critical in making the merger between Tron and BitTorrent successful.

And that’s exactly what Mr. Sun is trying. Today, he used his Twitter account to ask the community to vote on proposal #15. Let’s see his tweet:

Every Tron community member has a right to vote (as long as he freezes his TRX tokens for some time) on any issue available at tronscan.org, and that includes the super representative election.

Having TRC10 tokens available for transfer in smart contracts is critical in potentiating the marriage between BitTorrent and Tron since the economical incentivization will come in the form of a TRC10 token.

But it’s not just for BTT. Every TRC10 token will become more useful as the new initiative will allow them to be integrated into all kinds of decentralized apps and smart contracts.

Tron and Mr. Sun keep delivering exciting news to the cryptoverse and, as a result, this is one of the very few tokens that has managed to grow when most of the market is going backward. Even after today’s sudden crypto bloodbath, it’s currently trading at $0.024688, and it’s ranked 9th by market capitalization.

Tron is moving forward quickly. Do not be surprised when the next bull run comes to the market, and then you see Tron leading the way.

Image courtesy of PixaBay.

Tron (TRX) available on ELLIPAL’s cryptocurrency wallet

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What would a day in crypto be without news from Justin Sun? Tron’s CEO and founder knows for sure how to make waves in the cryptosphere, and he’s very adept in PR, especially when it comes to using his Tweeter account effectively. He’s very much like Donald Trump in that regard except that people tend to like and respect Mr. Sun.

The start of 2019 is not an exception. Right before the new year was about to start, he tweeted an announcement:

What is Ellipalwallet? Well, it’s one of those nice crypto toys, as described in Mr. Sun’s tweet. This one is made by Ellipal, and it’s a cryptocurrency wallet that looks very much like a cellphone, except that it’s not.

Ellipal Limited is a blockchain technology firm founded in Hong Kong in 2017, with a strong focus on digital assets. Its mission is to connect people into the cryptoverse safely and conveniently. They have a tool to achieve this. It’s a next-generation hardware wallet for every possible cryptocurrency user.

The company’s next-generation hardware wallet is mobile, and it’s designed to be a one-stop solution for crypto coins of all kinds. Any wallet user can do transactions, exchanges, and payments safely without effort. But also can be informed about the market’s conditions, information, trends, and news.

Since this wallet appeared in the market, it’s found its way to 30 different countries, and it has users the world over.

This is yet another piece of good news for Tron, a project that is quite used to report good news all the time. Every milestone announced by Tron’s leadership has been met on time, and it’s worked perfectly. This is contrasting with other projects (like EOS) that have announced several milestones throughout the last 12 months only to delay them or roll them back because they just don’t work properly.

Tron’s Tronix coin broke into the world’s top ten cryptocurrencies by market capitalization only last December. That was quite a feat in a year in which almost every asset lost lots of value (some lost 90%).

In that environment, Tron managed to keep growing and gaining value, at least in relative terms. And now, Tron is not only in the top ten but in the top nine and the last 24 hours; it’s the only token that’s been trading in significant green numbers.

The year is only starting and there’s already plenty of good news for Tron. And wait until Project Atlas mergest the world’s largest decentralized network (BitTorrent) with Tron’s blockchain. Great things are afoot for Tron, the project and the digital asset and it’s still very cheap at $0.028. It was the only coin that traded in double green numbers yesterday, and only a few days ago it was at around $0.01.

Keep an eye on Tron. The token may be cheap, but the fundamentals are strong, and when the bulls arrive again in crypto, it could be Tron who leads the way (along with other fundamentally strong coins such as Ripple or Electroneum).

Image courtesy of PixaBay.

A new BitTorrent cryptocurrency to be launched over Tron’s Network

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BitTorrent, the prevalent P2P  file-sharing platform, which is also the world’s largest decentralized network, is about to create a new cryptocurrency of its own using Tron’s network. The new token will get used by the users to pay for higher download speeds using the company’s uTorrent client, which runs on the Windows operating system.

Rogelio Choy, who used to be BitTorrent’s CEO, decided to leave the company behind. This happens about half a year after Tron’s CEO and founder, Justin Sun, bought the firm. That move started rumors around the technology world that Mr. Choy was not very happy about BitTorrent’s new priority to become a blockchain network.

Justin Sun about to bring blockchain technology and cryptocurrencies into the P2P file sharing world

Justin Sun, who is a consummate master when it comes to using Tweeter effectively, had this to say about the new token in uTorrent in an official Medium blog.

“BitTorrent token is the first in a series of steps to support a decentralized internet… In one giant leap, the BitTorrent client can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web.”

The blog post offers further detail by explaining that non-US investors will be the first to get some of the new tokens by using Binance Launchpad, which is Binance’s delegated token sale platform. Binance is a Chinese cryptocurrency exchange which has partnered up with Tron in this and several other ventures. The token will be called BitTorrent Token (BTT).

There is an official whitepaper for BTT. The total number will be of 990 billion, and it will be based on TRC-10, which is the simplest Tron technology for issuing digital assets based on TRX.

The moment in which Mr. Choy has chosen to make and publish his decision to walk away from BitTorrent kind of shows that he wasn’t too happy about the company’s new way of doing things, based on blockchain technology. Variety, which is not precisely specialized in technology news, maintained that it spoke to a company insider who told it that there was friction about BitTorrent’s new orientation. But Mr. Choy has not spoken explicitly about this subject at all.

Mr. Choy’s departure was confirmed by BitTorrent’s spokesperson a couple of days ago, a little after the news broke. The company gave no details or explanations and just limited itself to say that he “decided to pursue other opportunities.”

Mr. Choy was BitTorrent’s COO from 2012 to 2015. He then left and rejoined in 2017 as CEO. That was his position when Mr. Sun bought the company over last summer. After that operation, the former CEO served as Tron’s platform’s storage business general manager.

The announcement to create the BTT token comes about a few months after BitTorrent and Tron announced Project Atlas, which is the technology that will merge BitTorrent into the Tron network. The main idea in Project Atlas is to provide incentives for users to keep seeding their files for longer periods of time. Seeding will be rewarded with the newly minted BTT coins.

The news about the new BTT token in BitTorrent made the price of TRX go up by a little more than 2.3% in a day in which most other digital had been trading in similar numbers, but red, not green. Even today, while all other cryptocurrencies are in red, Tron (TRX) stands in green by more than 11% at the press time.

Image courtesy of PixaBay.

New policies for Tron TRC10 token naming

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Tron’s super representatives are hard at work as we write this article. Last Friday, they reviewed the “Allow same token name” proposal and a decision will be announced sometime soon. This could seem like a cosmetic initiative, but it will have real effects on the Tron community’s sector that is using or issuing TRC10 tokens (TronWatchMarket, TWX, SEED, IGG, although IGG is migrating its token to TRC20 technology as we write this).

If the initiative is approved, new TRC10 will be allowed to use the same token names as currently existing tokens. Why should anybody want to have a token name that could lend itself to confusion so easily is anybody’s guess, just don’t ask us what’s the point in that?

This will force Tron-based exchanges to adopt an additional tag beside the token name so that each individual coin can be referenced without confusion.

Developers in Tron’s community are working to update applications, trading platforms, and Tron-based wallets so that a smooth transition is possible if the initiative goes through. A new tag, called “TOKEN ID” will be the new proper way to identify individual tokens. All necessary steps are being taken to ensure that dApps in the Tron network will use this new identifier.

This is unusual news for Tron. Why is it so important to allow for duplicate token names? We can’t possibly imagine, but maybe Tron’s super representatives will explain that to us, and to you, once the decision is passed.

TRC10 and TRC20 are Tron’s technologies that allow Tron community members to issue their own tokens and ICOs much in the same way in which Ethereum’s ETC20 technology has enabled lots of projects and users to issue brand new cryptocurrencies.

Indeed, projects like Tron and EOS came to life running over Ethereum’s network and issuing Ethereum-based tokens. So Tron understands exactly how important it is to keep things neat, clear and transparent when it comes to new digital assets.

Yet another interesting layer over this piece of news is that BitTorrent will be issuing a new token called BitTorrent Token (BTT). This coin’s use case will be to reward seeders in the BitTorrent network (which is the world’s largest decentralized network) for sharing their content over the network. This new token will be available at Binance for BitTorrent users to collect as they keep sharing their content.

This is relevant because it will be a TRC10 token (the kind that will admit repeated token names). So what happens if you or I get a Tron account and issue another token called BTT. As mentioned before, there will be a new tag that will allow users to tell the difference between my own (or yours) fake BTT token and the real, significant BTT. Still, what’s the point in allowing redundant tags?

In any case, Tron’s leadership has a history of taking the correct decisions and boosting the coin’s value, the project’s power and use-cases, so don’t take us too seriously as we question this particular move, which is not even official yet. We’ll see what happens, and how the community (and the markets) react.

Image courtesy of PixaBay.

Tron (TRX) on the cards for dx.exchange

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Dx.Exchange is a cryptocurrency exchange which prides itself in being the first whole crypto community that enables both institutional and individual investors to buy cryptocurrencies using fiat currencies, trade them, and convert them back to fiat.

It’s built using Nasdaq’s market matching technology which is considered to be one of the world’s leading technologies when it comes to trading in the stock market.

It’s based out of Estonia (don’t be surprised, it’s one of the world’s most wired and technological savvy countries). It has a reputation for transparency and ethical behavior.

Tron, on the other hand, is one of the cryptosphere’s most interesting and ambitious projects. It’s barely eighteen months old, and, in that short period of time it’s managed to become the world’s largest decentralized network, one of the busiest blockchains in the world in terms of completed transfers, and one of the most credible projects in crypto.

https://twitter.com/MotherOfCrypto_/status/1080899718744629248

Tron’s mission is to utilize blockchain tech to decentralize the whole web. It’s an incredibly ambitious project. The idea is for the internet to become decentralized and free from the influence of any central authority in a way that content producers won’t need big corporations (think Google, Yahoo, YouTube, Facebook, Microsoft, Comcast, etc.) to publish their material or to monetize it.

Tron was founded and is led by Justin Sun whose credibility as a technology tycoon has been well established for years as the founder of China’s most popular messaging app. Mr. Sun is also famous as Jack Ma’s protegé and former student (yes, that Jack Ma, the man who founded Alibaba).

In a year that’s been terrible for crypto, with most coins going down like a led balloon, Tron has managed to keep securing strategic partnerships, to make the project grow, to deliver milestones on time and to be one of the most solid coins in the market.

That last point is very well illustrated by one simple fact: as most other digital assets keep receding, Tron has managed to grow and to become the world’s tenth cryptocurrency by market capitalization.

It’s one of the very few blockchain projects that has consistently been reporting good news as most of the rest just try to avoid disaster in the currently bearish market

There’s even more good news in the works for Tron. While this is not an official announcement yet, DX.Exchange’s CEO has confirmed (if informally) that the exchange platform is working towards adopting Tron’s Tronix (TRX) in their platform.

This is an important development for both parties. From Dx.exchange’s point of view, it’s a good idea to adopt one of the tokens that has created more interest over the last 18 months. For Tron, and Tron aficionados, this is important because it means that they will be able to buy TRX using fiat currency, which is not as straightforward as you could think.

So far, most of TRX’s trading happens on Binance, the huge and influential Chinese crypto exchange, and all that trade is paired against Bitcoin. In other words, if you have a Binance account, you can’t buy TRX using your local fiat currency. You have to get some bitcoins first (or Satoshis) and then trade them for TRX.

So both projects keep growing and gaining relevance in the cryptosphere as the new year keeps moving. Keep an eye on both.

Image courtesy of PixaBay.

Tron and Ripple keep finding new partners

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The new year is here. As every year, it brings about new hopes and expectations, which doesn’t mean we’re going to forget what happened in crypto during 2018. It was a disaster (or a huge opportunity, depending on your point of view). But even in the midst of such terrible times, some blockchain projects managed to keep growing and gaining value, at least relative to the market. Those were Ripple’s XRP and Tron’s TRX.

There’s a simple reason why those to projects kept growing: they have strong fundamentals. These are tokens that have real-life use cases which are driving them forward unlike so many other digital assets that are just subject to speculative market forces.

And the news is: they’re still moving forward. They’re making strategic moves that will ensure that, in the future, they will give Bitcoin a run for its money (fiat or virtual). Let’s start with XRP.

XRP is Ripple Labs’ native token. Ripple is a private company that works on blockchain solutions that eliminate the usual friction in settling international payments. It has a very solid use case among financial institutions and remittance services the world over, and it recently became the world’s second largest cryptocurrency by market capitalization.

It’s managed to grow against the current by securing some vital strategic partnerships (like Banco Santander, the world’s best bank which is using Ripple’s technology already at the production level) and it keeps announcing new partnerships.

Ripple has done it again as the new year starts. Twelve new companies have announced they will adopt Ripple’s software (called xRapid) to settle international payments quickly, safely and cheaply. Among those companies are Bittox, which is one of the most important crypto exchanges in the world; Bitso, a Mexican crypto exchange that’s managed to gain the crypto community’s respect; Coins.ph, a crypto exchange based on the Philippines islands and Bitstamp.

While those new partnerships are not use cases, they still mean that XRP will have increased trade volumes and demand from users that were previously unable to get their hands on some XRP tokens. It’s good for the project, and it’s good for the token’s price because that increased demand will drive the coin’s value up.

Then there’s Tron

Tron bought BitTorrent a few months ago. That alone turned Tron into the world’s largest decentralized network.

And now, BitTorrent announced that it would issue its own cryptocurrency called BitTorrent Token (BTT). This will be a new digital asset that will incentivize BitTorrent users to keep seeding the files they have.

The longer you seed your files, the more tokens you will get as a reward. The tokens will be made effective by Binance (which is one of Tron’s most important strategic partners).

The BTT coin is based on TRC10 technology which means that it’s most easily tradable for Tron’s TRX cryptocurrency. Just imagine this: it means that, if you are a BitTorrent user, you’ll get paid in BTT just for sharing your favorite books, music, movies, or any other content you can think of.

There are about a hundred million BitTorrent users in the world, and they are all going to join the Tron community whether they know it, want it, or not.

Tron and Ripple are showing the way to go, keep an eye on them.

Image courtesy of PixaBay.

500 million XRP go back to escrow for 55 more months

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As the new year begun, 500 million XRP tokens went back to an escrow account for 55 months. Why did that happen and why does it matter? Well, it’s a bit of a long story but bear with us and will explain it all to you.

Some time ago, Ripple committed to putting 55 billion Ripple’s XRP in an escrow account in order to ensure certainty of XRP supply and stability at any given time. The account is there and it’s releasing a billion XRP into the market every month, and whatever is left after selling tokens to Ripple’s customers goes back into a new escrow account and it’s kept there for 55 months.

https://twitter.com/XrpCenter/status/1080148841280782337

Keeping the XRP’s lion’s share secure in escrow allows people to figure out exactly the maximal market supply the token can have. Ripple still owns most of the world’s XRP supply which makes the company the token’s steward.

It’s shown to be a competent guardian with a track of investing and backing the XRP environment. The escrow lockup ensures that Ripple can’t speculate and change the assets’ price by flooding the market. It would make no sense for Ripple to do that since it would be the most affected party in that kind of scenario, but with the escrow contract, everybody can be sure about it without the need to trust Ripple’s good faith.

The lockup also ensures the community about Ripple’s commitment to build XRP’s liquidity and keep the market healthy and trustworthy. The coin’s price will be determined by demand and utility in the long term, and not by sheer speculative forces, which remain dominant in crypto.

And that matters a lot because unlike those other assets drove purely by sentiment and speculation, real institutional customers are already using XRP because they find it has real value. Moreover, central banks, regulators and governments are coming to realize that this is a cryptocurrency that could play a role in the global economy.

XRP can do something that Bitcoin does well already: to store value. But it takes things a step further by delivering transactions speeds an order of magnitude higher than BTC or ETH. It’s the fastest, most efficient and scalable digital asset in the world, which makes it suitable to process payments of all kinds the world over.

Here’s how the Escrow works: parties involved in a transaction can secure a number of XRP tokens for a fixed amount of time until some particular conditions are met. Until such conditions are cleared, the tokens remain cryptographically secured. That’s known as a smart contract.

Ripple created 55 contracts worth a billion XRP that will expire on every month’s first day for 55 months. As each contract expires, the blockchain firm behind XRP, Ripple will have a billion tokens to use to sell its clients or to offer into the market, but so far they’ve privileged the option of making the asset available to institutional clients.

At the end of each month, some of the currency will be unused and it will go back into escrow (a different one). For instance, if 500 million XRP remain available by the time the next contract is due, those 500 million will go back into escrow as the new contract delivers another billion. And that’s exactly what happened today.

Ripple has sold 300M XRP on average for several months, so December was a good month for XRP, which is now the world’s second largest cryptocurrency by market capitalization.

Ripple’s vision remains the same – to enable the Internet of Value in which money moves like information moves today – and XRP is at the heart.

Image courtesy of PixaBay.