What is Ripple?
What is Ripple ?
Ripple was originally founded by Ripple Labs, a company that continues to gain support, rather than continuing with the large developer network developed by Bitcoin. Its currency is also volatile. While bitcoin continues to grow and reach its peak, Ethereum has no theoretical limit and Ripple is the creator of all 100 billion XRP chips. This number has not been exploited and most of the chips belong to Ripple Labs and belong to Ripple Labs - the most recent figure is around 60 billion.
Even in the case of every recent XRP decline in the value of a dollar, Ripple Labs currently has about $ 60 billion in cryptographic currency (Note: the recent price collapse is difficult, and the value may be much lower when of reading at 60 billion dollars this). It contains 55 billion XRPs in a hosting account and can sell 1 billion per month to finance new projects and acquisitions.
The sale of these amounts could have a significant impact on the value of the cryptocurrency, which Ripple Labs does not expect to do soon.In fact, Ripple Labs plans to use XRP technology to accelerate banking transactions around the world. While bitcoins and other cryptocurrencies are based on the idea of
separating financial transactions from traditional financial institutions, the ripples are almost the opposite in every way.
Supported by the Banks
You may have heard of many cryptocurrency investors and financial commentators discussing the idea of
settlement. Although we think this is not a significant thing, many people worry that banks can crack down on bitcoins and so on. Compared to Ripple, this is even more unlikely as it is supported by some of the world's leading financial institutions.
Santander, UBS, American Express, Royal Bank of Canada and Westpac are all operational and expanding, and can even pay their commissions to complete the transaction. This control is the biggest difference in Ripple.In many ways, this is not surprising, because blockchain technology offers huge benefits to companies that can use it effectively. However, as a cryptographic support, this Ripple currency is certainly an unusual point, but what potential buyers and sellers must understand, because it allows financial institutions to control these ripples on most other cryptographic currencies much higher .
In the case of Bitcoin, Ethernet Square and similar software completely dispersed by thousands or even millions of support minors, it means that no one can control the network, the Ripple nodes of these financial institutions and Ripple Labs Manage alone. These stand-alone servers do not need to provide workload tests as bitcoins, and the nodes simply check the transaction itself, just like a traditional bank.In addition to the fact that no new XRPs have been created and that the flow of existing numbers under strict control has led many to worry about the future of Ripple.
Cold flow
All the control of the ripple network owned by a particular entity means that they have unique characteristics for this type of cryptocurrency. Opponents are more concerned about the "freeze"."XRP Ledger addresses can freeze non-XRP budgets, which can be useful for meeting regulatory requirements or for investigating suspicious activity," reads the Ripple guide.
Although this is commonplace in traditional banks, many people consider the opposite of the true purpose of cryptocurrency: to eliminate this regulation and regulation.In fact, ripple nodes can significantly restrict individual XRP portfolios or all portfolios associated with a particular node.
In 2015, Jed McCaleb, founder of Ripple Labs, tried to sell Ripple for over a million dollars. It is said that Ripple Labs convinced a Ripple Bitstamp node to cancel the transaction.Despite Maikalaibu there are some elements in this story, but it is quite possible to freeze monetary authorities, centralized to control the capacity of the owner of the trade, while others are worried about the future of the ripples.
If start-ups, stock exchanges and banks can control XRP, is it worth it to trade Ripple?At least, it's important to know that other crypts for homeowners almost total control of their coins - as long as you use the right kind of purse - corrugated greater vigilance and control of the middlemen.