The relationship between carat and Ethereum

Bitcoin is not the only digital currency on the Internet. There are also ripple, stellar, litecoin, Ethereum and other digital currencies. Of course, the most popular is still bitcoin. But many times, some developers, entrepreneurs or enterprises will let us know that we need better digital currency. A programmer named Jed McCaleb, the father of electric donkeys, developed the reborn coin, which should be better than the bitcoin. Later, he launched the star coin, which is better than the reborn coin. What is more gratifying is that he is not fighting alone

now there is a trend that the instry hopes to develop a technology that enables all these online digital currencies to flow to each other, which means that you can transfer money freely in different online digital currency systems in the future. This technology is known as "interleaver protocol (ILP)", initiated by ripote. However, in recent months, that is, after the company released this idea, they also got the support of many famous companies in the instry, including Microsoft and the world wide web. Obviously, Ruibo currency company wants to set the technical standard of digital currency on the Internet. They want to develop a single global network, which can not only unify all digital currencies, but also unify all enterprises and indivials who use these digital currencies

"we want to be on a higher level and extract the differences between various digital currencies," said Stephen Thomas, chief technology officer of ripple. "We are trying to develop a global standard for payment."

with the launch of this agreement, we hope to enable more people to use online digital currency, expand the scope of use of online digital currency, and let us transfer funds more efficiently. This is actually the goal of many existing projects. For example, the original intention of the design of reborn currency and star currency is to allow users to transfer money to these two digital currency accounts in any currency, and to enable these two digital currencies to be converted into other currencies correspondingly. You can send bitcoin, and then the other party gets it. You can also send us dollars, and the other party will get dogecoin. However, for businesses and the developer community, there are restrictions on their use of these ledgers, so there are some problems because you can't transfer money from one payment network to another. Now, however, the interleaver agreement hopes to change that

to some extent, after ten years of efforts, they hope to develop a new network protocol, which is commonly known as "money Internet". If we go back to the early 1990s, we know that the famous Marc Andreessen founded the Netscape web browser. Now, the project hopes to play a similar role. They want to establish a standard way to send funds on the Internet. In fact, the original Hypertext Transfer Protocol (HTTP, which defined the basic standard of the network) contained code for payment. But this code has never been used. In recent years, many companies (such as coinbase, a bitcoin exchange, and stripe, a company that helps enterprises accept various online digital currencies) are at least trying to create a conventional standard for online digital currencies. In the future, we hope to be able to send and receive money online, just like sending short messages or e-mails. However, we still have a long way to go to this paradise, but at least now we are in the right direction