What is Ripple? How XRP works? best way to understand Ripple
Ripple [the banks coin] was created by San Francisco based ripple labs in 2012 like payment protocol that are completely centralized, for the purpose of helping financial institution to process their day by days transaction with high speed. Meaning instead of taking 2 days to complete transaction, ripple provide the system that allows the completion in just minute.
Ripple Supply
XRP or ripple have max supply of 100 billion, at moment we are writing this article, xrp or ripple have 50.22B circulating supply world wild, with the markecap of 18.136.165130,05according to coinmarketcap.and it ranks # 7 world wild. Ripple with 1.681,053 investors on watchlist.
What is Ripple Chart? XRP Chart
Ripple chart or xrp chart it simply a way of showing historical price, volume and times intervals in order for investors to make good decision
What is Ripple Ledger or XRPL
The XRPL or Ripple Ledger is simply a Decentralized public blockchain that been conduct by world wild investors for fast and low fees of transaction, it provides open source of foundation in order for investor to execute the project without damaging the blockchain Environment.
The XRPL according to their official website are breakdown in 3 Advanced Features:
- Decentralized Exchange
- Cross Currency Payment
- Payment Channels
- Multi signing
- Tokens
In order for investors to get start building on XRPL Ledger, will need these steps listed below:
- QuickStart
- Guided Tutorials
- XRPL Fundamentals
- Choose a Language
- Get Inspired
XRPL Ledger allows cryptocurrency investors to build smart contracts, non-fungible tokens [NFT] also sidechaines,this is a huge innovation on XRP world.
What is the impact of XRP or Ripple
The Xrp or Ripple have huge impact on world wild banking system by innovating the way of sending and receiving money in high speed and low cost, one of the main reason most of Financial Institution willing to join Ripple or XRP is:
- Public and Decentralized Structure
- Streamlined Developemnt
- High performance
- Low Cost
- Proven Reliability
For more information on Ripple or XRP
Website: Home – XRPL.org
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