I wanted to know which is better is it Ripple or Tron?
Ripple’s XRP–A Business ApproachLaunched in 2012, Ripple seeks to provide a suite of software solutions marketed to banks, large financial institutions, major corporations with large financial departments, and other similar organizations. Ripple’s software products enable these customers to send payments, process payments and maintain liquidity.
A Problem to Be Solved–And Paid ForCurrently, for example, a multinational corporation headquartered in New York required to process funds to Tokyo must jump through multiple hoops. The corporation deposits funds to a service to make the transfer, pay fees for that service, accommodate any relevant laws and regulations, and deal with exchange rates. It also waits patiently while each step of the process takes time to complete. Time zone differences alone create problems.
Moving money across borders currently presents so many challenges that to maintain liquidity in a given country, multinational corporations store large deposits in that country. But storing large sums there may not be the best use of that money.
Cryptocurrency resolves issues relating to exchange rates, the speed of transfer, and fees. And Ripple intends to solve these problems specifically for large financial organizations. Why target this segment in particular? Because they process a lot of high-volume payments and deal with these issues constantly. Cryptocurrency addresses their problems, and as customers, they pay handsomely for ease of use and efficiency.
Four major payment providers MoneyGram, MercuryFX, IDT, and Cuallix have all announced they would run pilot programs of Ripple’s products. Other users of Ripple include Santander, UniCredit, UBS, and Standard Chartered.
TRON–A Vanity Project?TRON and XRP take different perspectives. While Ripple focuses on providing solutions for corporate needs, TRON almost appears to be one man’s vanity project. But Justin Sun, the founder of TRON, demonstrated success in past ventures, so he shows sufficient business skills not to be dismissed out of hand.
What Problem Does TRON Plan to Solve?TRON began as a decentralized entertainment content sharing platform. But now TRON claims complete decentralization of the web as its current goal. And to quote the corporate website, “As a decentralized platform in Web 4.0, TRON’s powerful capability make it be adaptable to a wide range of complex scenes and also support applications with vast amounts of users.”
(What they mean by “Web 4.0” remains unclear. Web 1.0 defined the first static web pages on the internet. Web 2.0 provided rich us