Crypto 2.0 or cryptography 2.0 – also known as bitcoin 2.0, is decentralized system  of blockchain or distributed ledger technology to things other than digital currency.

These second generation protocols fix many of Bitcoin’s intractable problems. One of the more significant problems addressed is the 40 minutes it takes to clear a Bitcoin transaction.  Another improvement is on the compliance front, preventing illegal applications such as money laundering, tax evasion and the like.

Ripple is the most successful Crypto 2.0 protocol.  Ripple is an open source, peer-to-peer payments system with 3 – 5 second transaction clear times. Ripple lets you transfer any asset across the network, with automatic currency conversion and fast settlement, while featuring the irreversibility, distributed robustness, and negligible fees that come with cryptocurrency technology.

Ripple’s success to date has led to it having the second highest market capitalization of any cryptocurrency, after Bitcoin. By using Ripple for financial transactions, you can send money anywhere in the world, in any currency, in a way that is secure, instant, and free. It was created by Ripple Labs which is backed by leading VC funds such as Google Ventures, Andreessen Horowitz and Core VC.

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