Ripio Credit Network RCN to Waves WAVES Exchange

Crypto Pair Details: RCN to WAVES

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.

Waves WAVES

Waves is an open blockchain platform designed for ease of use and mass adoption. Anyone can use Waves to launch, distribute and trade their own crypto token. The platform is fully decentralised, transparent and auditable. Waves is inspired by NXT with team members previously being involved with NXT. Its name is inspired by the gravitational waves discovery. It is a cryptocurrency platform that had been coded for scratch and allows for asset issuance, decentralized crowdfunding, community management and encrypted messaging. Waves is creating a comprehensive blockchain ecosystem that will provide all the necessary features for business adoption, and the platform already has a number of powerful tools and services that make building user applications straightforward. Waves is a Proof-of-Stake cryptocurrency that conducted its ICO from 12 April 2016 to 31 May 2016. It raised a total of $16 million worth of bitcoins during the ICO. There is a total of 100 million tokens of which 15 million tokens are reserved for bounties and the development team while the remaining 85 million tokens are distributed to ICO participants. Features: 1. Highly accessible - Clean & familiar UX, Chrome app or html lite client, No blockchain download necessary 2. Fast, low-cost and scalable - One-minute blocks, Low (0.001 WAVES) transaction fees, Tx fees can be paid in tokens, Up to 1,000 txs/second 3. Fiat transfer - Fully compliant & licensed gateways into and out of the blockchain, EUR blockchain tokens with USD and other currencies on the way, Tokens fully backed by fiat deposits, Bitcoin gateway and tokens also available. 4. Easy token operations - Launch a new crypto token in under a minute, Tools for mass token distribution, Ideal for crowdfunding 5. Decentralised exchange (DEX) - Peer-to-peer trading from within the client, Trade any pair of Waves tokens, Near-realtime order matching, Blockchain settlement for security 6. Smart contracts - Non-Turing complete, Powerful but secure

SOURCE: COINGECKO

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