Disclaimer: I am not a financial advisor, this is not financial advice but only provided for information purposes. Although I will do my best I cannot guarantee the accuracy of information in this document.
Invested potential conflict of interest, i.e. do I own more than a tiny amount used for testing purposes. I will attempt to be impartial regardless of whether I own the coin or not: No
Currency: Ripple
Previous Names: None
Short Summary of Intent: The aim of Ripple is to be a global payments network to allow banks among others to transfer internationally affordably and quickly.
Code: XRP
Market Cap: 37,200,000,000
Market Cap Updated: 27/02/2018
Coinmarketcap.com Ranking: 3
Coinmarketcap.com Ranking Last Updated: 27/02/2018
Market Cap Score: +8
Trading Volume: $38,500,000,000
Trading Volume Last Updated: 27/02/2018
Trading Volume Score: +5
Pow/POS/Other: Ripple Protocol Consensus algorithm or Proof of Correctness
POW algorithm if applicable: N/A
Block Time (seconds): N/A (Not a blockchain)
Block Size: N/A (Not a blockchain)
Annual Inflation Rate: -.006%
Date inflation rate updated: 27/02/2018
Future Inflation rate declines: Not as I understand it.
Inflation Rate Score: +10
Circulating Coin Supply: 39,094,000,000
Date coin supply updated: 27/02/2018
Max Coin Supply (Jan 2100 if infinite): 99,993,000,000
Circulating Supply as a percentage of max: 39%
Score for circulating percentage: +0
Premine as a percentage of max supply: I am going to call this a 100% premine for now. There is a case for it to be argued that it is either an 80% or a 20% premine but I'm not buying it for now.
Score for premine percentage: -20
Privacy Currently: No
Privacy Planned: Not that I am aware of
Privacy Method: N/A
Privacy Strength: N/A
Privacy Score: 0
Centralization: 5: Ripple is very highly centralized, the Ripple network is a permissioned network. A very large ammount of the pre-mined coins are held by Ripple.
Centralization Score: -5
Team: I found varying reports on the number of employees at Ripple Labs, ranging from 120 to over 200. I could not find an official number on their website. A news article published mid January stated that they had 170. In any case they will recieve the full +10 score.
Team Funded: Paid employees at Ripple Labs (formerly OpenCoin)
Team Score: +10
Start Date: 2/2/2013
Start Date Score: +6
Transactions per second: 1500
Transactions second layer or side chains currently implemented?: N/A, not a blockchain
Transaction Fee Average (USD): $0.006
Transaction Fee Date Updated: 27/02/2018
Transactions Score: +8 (blockchain bloat addressed by rising fees for large numbers of transactions)
Type: Currency
Degree of completion: 4, Does virtually everything planned. AFAIK the Ripple network can be used in its current form for its intended purpose, however there may still be some security issues.
Completion last updated: 27/02/2018
Completion Score: +8
Open Source: Yes
Open Source Score: +20
Governance: Ripple is basically fully controlled by Ripple Labs. Because of this it is a single point of failure therefore goes into the poorly governed category.
Treasury System: None.
Governance and Treasury score: -10
Make Sense for Blockchain: +0
Ripple isn't actually a blockchain, and it makes a reasonable amount of sense to use the system they are using for this task.
Current Development Rate: 5: very active development
Date development rate updated: 27/02/2018
Development Rate Score: +10
Risk of security breach: There is a risk of a denial of service type attack due to centralization of nodes. As far as I am aware there is no major network breaking vulnerability that has been identified. With a coin of this size and value if someone could easily attack it they would have done so by now.
Security Score: -5
Wallet tested and working with date: Not Tested.
Wallet Comments: Did not test a Ripple wallet as they have a 20 xrp minimum. I did read some articles and watch 2 youtube videos and have no reason to believe there are any significant issues with the availability of decent Ripple wallets.
There are hardware wallets available for Ripple.
Wallet Score: +5
Real World Usage (Other than investment and speculation): I don't believe the Ripple network is currently being used for its intended purpose in any meaningful way.
Usage Score: +0
Biggest fish in the pond?: Because they are specifically targeting banks and international transactions I am going to ignore the fact that Bitcoin could probably be used for a similar thing in my opinion and give them the +10 biggest fish bonus.
Biggest fish score: +10
Our Brief Comments: I am going to subtract 10 points because even if Ripple does gain acceptance from banks they will likely use a different network to the one XRP is currently using. I think a lot of the current value if Ripple is based on banking partnerships, that are likely to never benefit holders of the XRP token.
Comments score modifier: -10
Total Score/Rating: +50
Website: https://ripple.com/
Other social media links: https://twitter.com/Ripple
https://www.reddit.com/r/Ripple/
Biggest Exchange: https://www.bithumb.com/
Biggest Exchange last updated: 27/02/2018
References:
https://coinmarketcap.com/currencies/ripple/
https://ripple.com/
https://www.cryptocompare.com/coins/xrp
https://www.investopedia.com/terms/r/ripple-cryptocurrency.asp
https://en.wikipedia.org/wiki/Ripple_(payment_protocol)
https://xrpcharts.ripple.com/#/
https://www.reddit.com/r/Ripple/comments/7c77jp/burn_rate_approx_3_xrp_burnedmin/
https://bitcointalk.org/index.php?topic=146964.0
https://bitinfocharts.com/comparison/ripple-transactionfees.html
https://www.cnbc.com/2018/01/16/why-ripple-is-not-cashing-out-its-xrp-holdings.html
https://www.investopedia.com/news/what-biggest-security-threat-ripple-cryptocurrency/
https://bitcointalk.org/index.php?topic=1750248.0
http://news.8btc.com/blockchain-software-security-report-by-china-cert-ripple-the-worst
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