The Journal of Alternative Investments

Running head: NETWORKED APPLICATION MANAGEMENT
Networked Application Management
Name of the Student
Name of the University
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NETWORKED APPLICATION MANAGEMENT
Table of Contents
1. Introduction....................................................................................................... 2
2. Discussion.......................................................................................................... 2
2.1 Aspects of Ripple.......................................................................................... 2
2.2 Applications of Bitcoin..................................................................................4
2.3 Comparison of Bitcoin and Ripple.................................................................5
3. Conclusion......................................................................................................... 6
References............................................................................................................. 7

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NETWORKED APPLICATION MANAGEMENT
1. Introduction
Cryptocurrency is the digitalized asset that is eventually designed for
working as a medium of exchange, which utilizes stronger cryptography for
securing financial transaction, controlling subsequent creation of extra units as
well as verification of asset transferring [7]. These crypto currencies utilize the
decentralization control as being opposed to the centralized digital currency or
centralized banking system. This decentralized control of every cryptocurrency
effectively works with incorporation of distributed ledger technologies like
blockchain for serving as the public financial transaction databases. One of the
most significant crypto currencies is Bitcoin, which is an open source software
that allows efficient and effective method of payment. Another popular example
of this type of currency is Ripple [13]. The following report will be outlining a
detailed analysis on these two crypto currencies, Bitcoin and Ripple with
subsequent details.
2. Discussion
2.1 Aspects of Ripple
Bitcoin and Ripple are the two most important and significant examples of
crypto currencies that are solely responsible for providing a basic platform to
ensure that effective and efficient method is present for transferring money [2].
Ripple is the technology, which acts as both a digitalized payment and
cryptocurrency network for completing all types of financial transactions. Ripple
was being first released in the year of 2012 and was founded by Jed McCaleb and
Chris Larsen. The respective coin for this particular cryptocurrency is eventually
labelled as well as pre-mined as XRP. It is the third largest cryptocurrency after
Bitcoin and Ethereum. It, being a digital payment protocol, eventually operates
over an open source as well as peer to peer decentralized platform, which allows
for a seamless transferring of money within any form. There are some of the
most distinctive features of this specific cryptocurrency.
2.1.1 Architecture of Ripple
Ripple, being a real time gross settlement system, remittance network and
currency exchange, is built on a distributed open source protocol. It supports
various tokens, which represent commodities, cryptocurrency and flat currency
in the blockchain technology and hence a secured and free global financial
transactions are possible for the respective technology [10]. The ledger is