Ripio Credit Network RCN to MintCoin MINT Exchange

Crypto Pair Details: RCN to MINT

Ripio Credit Network RCN

Ripio Credit Network (RCN) is a global peer-to-peer credit network based on cosigned smart contracts that facilitates connections between lenders and borrowers across the world, on any currency. It enables people across the globe to access credit, and to provide loans. The RCN token is a typical ERC-20 token. This protocol has the smart contract technology embedded into the Ethereum blockchain which facilitates peer-to-peer lending without the hefty transaction fees that are charged in traditional banking processes. The RCN token functions at the core of the system. The inherent value of the token is directly correlated to the demand for its use in the network. Based in Argentina, Latin America, Ripio was launched at the TechCrunch Disrupt in May 2016. Sebastian Serrano, founder and CEO of the Ripio Credit Network is a technology enthusiast. He along with his team of technology experts, analysts and developers have designed an impressive concept along with the website, whitepaper and its implementation within the last 2 years. The team comprises of David Garcia (SVP & Board Member), Eugenio Cocimano (Data Scientist), Antonio Ceraso (CTO & Lead Blockchain developer) and Agustin Aguilar (Smart Contracts Developer) among many others. Ripio started off with a primary objective - to democratize the digital economy in Latin America, by offering digital payment alternatives within everyone's reach in a region where 65% remain unbanked. The smart contract is an integral part of the underlying technology of the Ripio Credit Network. It is generated by the Wallet Provider and executed when it is matched by the Credit Exchange. This smart contract contains information like the relevant credit terms, borrower obligations, events of default along with the signatures or verifications from all other agents. RCN tokens facilitate interaction with the smart contracts among different agents within the RCN. Every credit flow starts when the Borrower makes a credit request. The Borrower performs the request from its Wallet Provider, which has already integrated into the RCN protocol. Post this, the Borrower waits for an approval before any further action can be performed.

MintCoin MINT

MintCoin is a new Proof of Work (POW) / Proof of Stake (POW) hybrid cryptocurrency coin. It's objective is to become the next innovative, secure, and energy efficient cryptocoin in the market. MintCoin is distributed using a fast POW distribution mechanism, and after 5 weeks, it becomes a pure POS coin. This makes the coin completely energy efficient in order to sustain itself, not having to depend on resource intensive mining rigs. MintCoin now runs on 100% Proof-of-Stake to secure the network. After the year 2016, stakers will receive a fixed 5% indefinitely as reward for securing the network. PoS variable interests: - 1st year: 20% - 2nd year: 15% - 3rd year: 10% - 4th and subsequent years: 5% MintCoin is often compared with its close counterpart - Peercoin and NXT

SOURCE: COINGECKO

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