ETH has a new leader in the cryptocurrency market, and its first CEO in over a decade.
The move comes as the digital currency’s popularity has exploded, but the ripple coin has continued to be an important part of the market, according to Ripple CEO Barry Silbert.
“The ripple coin is the largest digital asset, in terms of market cap, that has ever been created,” Silbert told CNBC on Wednesday.
“Ripple coin was one of the first to introduce the ripple protocol, and that’s really the foundation of the ripple market.”
The ripple protocol was originally developed by the Ripple Foundation to replace the old Bitcoin blockchain.
Ripple coins can be traded in many different currencies around the world.
They’re backed by a network of servers that support hundreds of thousands of other cryptocurrencies.
It’s also the world’s first fully decentralized currency.
The ripple market has exploded since the cryptocurrency’s launch in 2014, but Silbert said the ripple blockchain’s market cap has more than doubled in the past year.
“If we look at the overall market cap of the network today, we can see the ripple was the first cryptocurrency that has seen a 200 percent increase in value in the last six months,” Silber told CNBC.
Well, in a lot of ways, it’s a testament to the work that the ripple community has done. “
Now, what does that mean?
Well, in a lot of ways, it’s a testament to the work that the ripple community has done.
I mean, the entire ripple coin community has really been able to create a blockchain, and I think that’s a very positive thing.”
Silbert and his team were working to build Ripple in-house for more than a year before announcing their plans in April, when they launched their own Ripple token.
Since then, the network has grown significantly.
In the past week, the company has raised $30 million, which Silbert says is “a very significant number.”
“The fact that the community is able to support the ripple token, the team that we’ve built that is capable of doing that, is really something to be proud of,” Silbernitt said.
“That’s the kind of stuff that’s unique about Ripple.
They just seem to be able to pull it off.”
Ripple will be one of several companies taking advantage of the blockchain revolution, including Ripple Labs, which recently launched a project to build a blockchain-based payments platform for startups and consumers.