Intro
The history of crytpocurrency is actually a fairly short one. Yes, we have had digital currency systems before these cryptocurrencies existed, but they are not the same thing. As we mentioned on our “Cryptocurrency Explained” page, former versions of digital currencies were strictly centralized, whereas these new forms of cryptocurrency, such as Bitcoin and Ethereum, are decentralized in nature.
Now, what is really interesting about cryptocurrencies is that they were never intended to be invented as they are known today. This actually all started with the now infamous Bitcoin and a man named Satoshi Nakamoto. Nakamoto’s goal in the beginning was to create nothing more than an electronic peer to peer cash system. People had for a long time been trying to create some kind of online digital cash system, but had always failed due to the issues with centralization.
Satoshi Nakamoto knew that another attempt at building an online centralized cash system would only result in more failure, so he decided to create a digital cash system that had no centralized authority. And so came the birth of the Bitcoin. Yes, Satoshi Nakamoto invented the Bitcoin, the very first decentralized form of digital cash that had no central governing or controlling body. Bitcoin was to be the property of the entirety of the Bitcoin community.
Nakamoto created Bitcoin back in 2008 and it’s value exploded without question. Back when it was first created, it had a value of little over a single cent. However, the value quickly grew and in late 2009 had already reached $27 for a single Bitcoin. Now, in 2017, a single Bitcoin has a value of over $7,500, so as you can see, the value of this particular cryptocurrency has skyrocketed to monumental levels.
More industries have embraced the idea of cryptocurrencies and are developing them for specific industries. The reason bitcoin is the most popular is because it was the first currency whose use can be traced. This is the reason it currently controls about 54% of the projected market value. The current market value for cyrptocurrencies is estimated to be $589 billion. There are about two dozen other currencies who market cap is more than $1 billion. Even as new currencies emerge, they are adding to the current figure of more than 1300 currencies.
Increase in popularity of cryptocurrencies has led to the rise of numerous wallets where people can store their coins. Each wallet offers unique features and is attractive in its own way. These wallets can be linked to major credit cards to make transactions easier. Some even allow you to send the currencies using text message or email. In fact, many of these wallets offer more features than just storage.
We are yet to hear the end of cryptocurrency as new uses and information emerge. This is a growing ecosystem with unique offerings for investors and the financial market. As new coins are born, the market will get more interesting to watch.
The automated issuance mechanism of bitcoin through mining also seeks to remove the control of money printing from privately owned banks that lend said money to governments at an interest, creating the debt-based economy that led to the crash in 2008, which in turn led to the creation of Bitcoin. However, we have become somewhat detached from the primary goal of Bitcoin, to return the control of money to its owners, and we entrust our Bitcoin with third party services daily. The most popular of these services being exchanges.
Centralized exchanges are easy to use, easy to access and they provide advanced trading functionalities like margin trading and others. However, they also represent a security risk for your funds. While some exchanges are better guarded than others, hacks are not an uncommon event in the cryptocurrency scene, and some like the recent Bitfinex hack have led thousands of users losing their savings. Some exchanges are simply incompetent or malicious, practicing fractional reserve systems that can either lead to a voluntary elimination of the excess instruments (Mt. Gox hack from June 2011), bankruptcy (the demise of mybitcoin) or a new investor bailout. The Mt. Gox case had such an impact on the Bitcoin community that it led to the term "Getting Goxed".
Meet Ripa ExchangeRipa Exchange is and will always be free for exchange managers: you will only need to pay for the server, network security operations, call center operators and other resources needed to start exchanging and providing paid support to your customers.
A decentralized project that allows you to exchange crypto currency is really beneficial and safe - the RIPAEX platform will become a real discovery of its segment. Several important functions have already been realized, the national currency is sold publicly. Investors can buy tokens, receiving a 100% bonus is a bright, non-standard action from developers.
Ripa Exchange Features
- Peatio is a customizable cryptocurrency exchange solution architecture enables easy connection to KYC/AML, authentication, ETL/reporting, and other services.
- Peatio KYC efficiently submits and exchanges KYC information to meet the banking supervisory standards and comply with Customer Due Diligence (CDD) requirements.
- Peatio is a true open source technology making it secure, transparent, flexible and highly configurable.
- Peatio supports a wide array of common languages, while improving usability for users all over the world.
Peatio Proof of Solvency (PoS) allows users to verify the solvency of the Peatio based cryptocurrency exchange without compromising user privacy. - Peatio allows to create multiple accounts and trading in multiple currencies. Peatio makes it is easy to trade different currencies.
Peatio enterprise exchange features include a high-performance matching engine, scalable distributed worker threads, and SMS 2-factor authentication.
Clean, user friendly registration and login interface. Personalized deposit and withdraw procedure and a built-in proof-of-solvency audit.
USEFUL LINKS
Website: https://ripaex.io/
Telegram: https://t.me/ripaex
Twitter: https: // twitter.com/ripaex
Facebook: https://www.facebook.com/ripaex
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