How RoboApe (RBA), Bitcoin (BTC), and Ripple (XRP) Are Promoting Cryptocurrency Adoption

Place/Date: - July 24th, 2022 at 3:16 pm UTC · 3 min read
Source: RoboApe

In a world where new technologies are paving the way for greater global financial inclusion and transparency, cryptocurrencies are emerging as the best solution to this problem. RoboApe (RBA), Bitcoin (BTC), and Ripple (XRP) are cryptocurrencies that are focused on promoting crypto adoption because of their strong potential to revolutionise the financial system of the future.


RoboApe (RBA)

RoboApe (RBA) is a fully decentralised community-run project that aims to leverage the benefits associated with decentralised finance (DeFi) to enable the growth of the cryptocurrency market. The RoboApe (RBA) team is focused on creating a sustainable meme cryptocurrency and delivering the best services that crypto users and enthusiasts will be able to enjoy and profit from. These services include RoboApe Finance, RoboApe eSports, RoboApe NFT Marketplace, RoboApe Swap, and more.

RBA, the native utility cryptocurrency token of the RoboApe ecosystem, is an ERC-20 meme cryptocurrency based on the Ethereum blockchain network. The RBA token will be utilised to promote peer-to-peer economy and community governance in the RoboApe (RBA) ecosystem. The RoboApe ecosystem will function as a Decentralised Autonomous Organization (DAO) to allow RBA holders to take part in the decision-making processes that involve the RoboApe project.

Bitcoin (BTC)

Regarded as the world’s first cryptocurrency, Bitcoin (BTC) was founded by an anonymous entity known under the pseudonym, Satoshi Nakamoto. Bitcoin (BTC) is a decentralised digital currency that has managed to develop a global financial community and give rise to a completely new enterprise of millions of crypto enthusiasts who create, purchase, exchange, trade, and use Bitcoin (BTC) and many other digital currencies and assets in their daily lives. The emergence of Bitcoin has created true decentralisation eliminating the need for middlemen or third-party entities as used in the traditional financial industry. The Bitcoin (BTC) network is secured by the Proof-of-Work consensus mechanism.

Bitcoin, symbolised as BTC, is a deflationary cryptocurrency with the largest market capitalization value in the world of digital currencies. There is a fixed total maximum supply of 21 million BTC coins and a current circulating supply of 19 million BTC coins.


Ripple (XRP)

Ripple (XRP) is an open-source decentralised ledger network that is characterised by scalability, fast transaction speeds, and low transaction fees. Unlike Bitcoin’s Proof-of-Work (PoW) and Ethereum’s Proof-of-Stake (PoS) consensus mechanisms, Ripple (XRP) is secured by a unique consensus mechanism known as the Federated Consensus Mechanism. This consensus mechanism helps to verify, process, and validate transactions that occur on the Ripple (XRP) ledger network.

XRP, the cryptocurrency that powers the Ripple network, serves a variety of use cases such as serving as a means of payment, promoting decentralised finance (DeFi), and in the foreseeable future, aiding the development of the Ripple ecosystem’s Non-Fungible Tokens (NFTs). XRP has a total maximum supply of 100 billion coins of which 48 billion are in circulation.

RoboApe (RBA), Bitcoin (BTC), and Ripple (XRP) are cryptocurrencies that are proving to provide scalability and true decentralisation, both features that are uncommon in traditional financial markets thereby promoting cryptocurrency adoption.

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