The Ripple(XRP)

Due to the continuously growing of Cryptocurrencies, new cryptocurrencies and tokens are now entering the world of exhanges and crypto markets. Every year, hundreds of new cryptocurrencies and tokens are developing, striving and working hard to reach their price goals and to be know in each markets in internet.

XRP or ripple is one of the most popular cryptocurrencies in the market.Ripple is still growing every year.It belongs to the top-performing cryptocurrencies in year 2017.People may not know Ripple(xrp) really well unlike Bitcoin Cash, Ethereum, Bitcoin and many more.

Here are the some informations and facts about Ripple(XRP)that will help you to understand it.

What is Ripple(xrp)?

• According to ripple.com, XRP is digital asset built for payments.It is the native digital asset on the XRP Ledger or an open source,permissionless and decentralized blockchain technology that can settle transaction in just 3-5 seconds. And according to cointelegraph.com, this platform as an open-source protocol which designed to allow fast and cheap transactions.Oh its seems like Bitcoin Cash right? Well lets dive more.

1.) Its Origin

• Jed McCaleb, the of Edonkey newtwok invited a bunch of world rank investors to invest in Ripple Lab in 2013.

2.) Ripple has no Blockchain

• Ripple has its own patented technology and its call the Ripple Protocol Concensus algorithm(RPCA).

3.) Mining is not possible in XRP

• The 100billion total supply of XRP is already exists unlike Bitcoin and Ethereum. The 20 billion Ripple are already kept by the founders of Ripple Labs and the remaining 80 is contributed to the company.

4.) Has low transaction fees

• The average transaction fees of Ripple is currently less than one penny or at $0.03 only. Too low isn’t it?

5.) Faster Network

• Its network is instantaneous! Ripple beats the transaction time of ethereum with atleast 2-3 minutes.Ripple’s network can significantly higher transaction volumes.Ripple’s network can consistently handles about 1,500 transactions per second. The company also claimed that its network scale can be handle 50,000 transactions per second.

6.) Can’t be use as payment method

• There are possible that ripple is can’t be accept by some stores in real world due to that fact that this is not really known for its consistencies. Ripple only created for faster transactions.

7.) Its Sign and Name

• Ripple is the known name for xrp.Well, in facts this name is from the name of the company itself the Ripple Labs.XRP is the name of token produced by Ripple Labs.In that case, ripple is the term commonly used by many it is much catchy than XRP.

8.) Highest and Lowest Price of All time

The highest price of 1XRP or Ripple was $3.84 that was in 4th of Januray.And its falling gradually into $0.29 in September.

9.) Investing is Good

In this year 2020, XRP is one of the most choice of investors. XRP has potential to hit and surpass its current value of $0.22 in the near future.

10.) Favorite of Banks

• Mostly banks are uses Ripple’s network. As of this year 200 like NBAD, Yes Bank, Union Credit banks are using its network for bank to bank transfers. Ripple’s network brings them speeds that saves them money for businesses due to its low-cost and fast transactions networks.

11.) Its Nodes

• XRP is becoming increasingly descentralized network due to an increase in the number of nodes.

XRP is also is one of my favourite crypto when I first enter the world of Cryptos. What I like about is that, it is available in every exchanges and its 100% faster than the others.I’m pretty sure that this crypto will rise soon and breaks the market!

That’s are some of the few informations of Ripple or XRP. Hoping that this article will introduce that XRP to you. Atleast you have now little learnings and knowledge about Ripple.

Thank you for reading😘