Ripple

XRP
-0.91 % (24hr)

$ 0.302766154

❝ Ripple is an enterprise blockchain network which enables global cross-border payments. Ripple net enables settlements, currency exchanges, and international Remittances. ❞
Market Cap

$ 12.39B

Current Supply

$ 99.99B

Max Supply

$ 100B

24hr Volume

394.8M

Proof

POW

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Ripple

Ripple is the blockchain backbone on which next generation International payments solutions are being built. Ripple provides a software solution which enables Instant settlement of International payments. 

Ripple is  the currency of the Ripple network. It is one of the leading crypto-currency with has a circulating amount of 38 billion coins out of the maximum stipulated supply of 100 billion Ripple. Acting as a cross border payment protocol, Ripple is one crypto currency that is centrally managed and is increasingly adopted by the banks to facilitate faster international payments. The transaction time in case of Ripple stands at 3.5 seconds. Ripple does have a decentralised transaction network. The symbol denoted for Ripple is XRP.
 

History and Founders of Ripple:


Brad Garlinghouse is the CEO of Ripple. Based in California, Ripple was essentially invented as a payment system by Ryan Fugger but eventually expanded its domain to a crypto-currency. Ripple was originally known as OpenCoin. Ripple is partners with ZipZap and also a founding member of Digital Asset Transfer Authority (DATA).
 

How is Ripple different from Bitcoin?

· Ripple does not involve the process of mining, and works on iterative consensus process whereas Bitcoin practices the protocol of Proof of Work. 

· Ripple undoubtedly performs at a faster pace than Bitcoin.

· Ripple has a decentralised transaction network and Bitcoin has a decentralised currency system.

· Ripple has a total value of 100 billion that exists as of now (nearly 60 % of worth is control of the firm) whereas the worth of Bitcoin is emerging with the process of mining (which is fixed at a value of 21 million coins)

At a similar level, both the Ripple and Bitcoin facilitate the peer to peer transactions.

Interesting/Notable Facts about XRP:

· Coindesk has a stake in Ripple and was acquired by Digital currency group.

· Major Volume of KRP is concentrated in Korean markets.

· Nearly 40 Japanese banks have incorporated the mechanism of Ripple, for faster money transactions. 

How to buy Ripple?


Ripple can popularly be exchanged for Bitcoins, Euros and USD’s. 

The exchanges that offers Ripple (XRP) against the payments of Bitcoins are Poloneix, Bitterx, Kraken, HitBTC , Bitstamp, Exmo, Gatehub and Bitfinex.

The exchanges offering Ripple for Euros are Bitstamp, Kraken and Gatehub.

And lastly, the exchanges trading the Ripple for USDs are Bitfinex, Bitstamp, Kraken and Exmo.

Ripple Wallets:

 Unlike other crypto-coins Ripple puts a charge of 20 Ripple for booking a wallet. 

· Ledger Nano S (Hardware Wallet)

· Gate hub (Website Wallet)

· CoinPayments (Payment System/ Exchange)

· Poloneix (Exchange Wallet)

· Changelly  (Exchange Wallet)

· Rippex (Desktop Wallet)

Ripple Exchanges:
 

List of exchanges to deal in XRP:

· Bitstamp: 

· Kraken 

· Gatehub: 

· BTCXIndia

· CoinOne 

· Bitso

· Coincheck

· Korbit

· Bitibank

· Bitsane

· Qryptos

Advantages of Ripple:

· The mechanism of Ripple allows faster transactions.

· Ripple are being integrated with banks for the faster payment regimes.

· The transaction fee chargeable on transaction is very minimal.

Disadvantages of Ripple:

· The major drawback in case of Ripple is that the network creators hold nearly 60 % of its worth, which hinders the regime of decentralisation.

Key Competitors:

· SWIFT

· R3CEV