Cryptocurrency giants- Bitcoin and Ripple

Assignment Description
A report containing a complete discussion and analysis of the given topic in the required context needs to be submitted on Moodle. The report must have following parts:
Part 1: Bitcoin & Ripple
The students explore Bitcoin & Ripple by reviewing the literature on the internet as papers, book chapters, independent scholarly reports of experts, and research based videos. Students participating in the PBL are taught how to do the critical thinking for review of literature. At least three articles related to the technology supporting Ripple need to be analysed in depth by discussing the overall contribution, scope and limitations of each research work. Following aspects related to Ripple must be discussed:
 Architecture
 Features
 Challenges
Part 2: Applications of Bitcoin
Students need to discuss at least 2 applications in EACH of the following domains supported by Bitcoin:
 As a platform
 As a system of record
Part 3: Compare Bitcoin and Ripple
Bitcoin and Ripple are the two biggest giants of the cryptocurrency world. Bitcoin (BTC) was the first coin and Ripple (XRP) came in a few years earlier. Discuss in detail similarities and differences between the two.

Solution

Cryptocurrencies

Introduction

Both Bitcoin and Ripple platforms offer cryptocurrency services in their operations. They apply different terms of use in the process of supporting their clients in engaging in the trade. It is vital for traders to understand that the cryptocurrencies are not valued or backed by any financial institution. When buying the cryptocurrencies, customers assume the entire risk of becoming worthless in the future. Customers have to agree that any cryptocurrencies traded have not been involved with other third party currencies. It is the responsibility of the buyers to assess the accuracy of information which is fed and saved to the website because the account details displayed on order summary webpage are the final transfer destination. Customers have to send any cryptocurrency payments to the company in question from an address designated for the buyers. Companies have the right to refund and cancel orders that have incorrect customer info such as non-functioning nationality, name or address. Bitcoin remains to be the clear leader in the cryptocurrency trade, but Ripple surges ahead with varied applications and increasing adaptability. In this assignment, there is the discussion of various aspects related to Ripple,…………………………..To access the rest of the solution for $10, please click on the purchase button.