Hello guys!
Top 3 BAD projects with highest Market Cap (Don't invest)
It's just IMHO and i want to share it
1. Ripple (XRP)
- How we can see peoples own only 39% of XRP and it has 100 Bill market cap (its 43% of bitcoin market cap)
61% XRP ( about 61B XRP / 152B Market Cap) held privately by founders. Ripple its NOT CRYPTOCURRENCY
Wikipedia:
“Released in 2012, Ripple is a real-time gross settlement system, currency exchange and remittance network by Ripple Labs. It is also called the Ripple Transaction Protocol and is built upon a distributed open source Internet protocol, consensus ledger and uses the native “cryptocurrency” XRP. Ripple’s focus is to create a system than enables “secure, instantly and nearly free global financial transactions of any size with no chargebacks”.
At its core, Ripple is based around a shared, public ledger which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.”
2. Cardano (ADA)
- Cardano's Ouroboros <= DPOS
“their algorithm is not “new” but a less secure slower variation of the DPOS algorithm I originally introduced in April 2014”
https://steemit.com/cardamon/@dan/peer-review-of-cardano-s-ouroboros
If u reading this, u likely know what is STEEMIT, and how it work (DPOS). Thx for explaination what Ouroboros is and how it work.
3. TRON (TRX)
- The project has no product and the one thing it has, a whitepaper, is fully plagiarized. You can read more here