BitsharesX mainly sends asset BTSX to receiver.BTSX is the main currency.I finally understand .. thanks ..
Ripple sends "I owe you" to other gateway then let the gateway send fiat or other asset to the receiver . "I owe you" is the main currency and it's worthless without the acceptance of counterpart gateway.
Meanwhile,XRP is used in every "I owe you" transaction as fee,but not much.
So,XRP is not like BTSX.
xeroc must be swifter than I, as I still don't get it.
Could you guys describe the difference between BitsharesX and BTSX with a bit more mechanical details?
Also, "xrp", is the same things as what is being quoted on coinmarketcap.com as "ripple" right?
Put simply, if the 50th biggest bank in US starts
accepting exchanging 1 bitUSD for 1 USD it will mean BTSX market cap will be 10s of billions of $$$.
Thanks tonyk, That's an exciting fact, great to know. My question had nothing to do with BitUSD or USD, which I mostly understand. But it doesn't answer what I'm trying to ask, what are the mechanical, computational, definitional differences between BitsharesX and BTSX?