What is Ripple?

[totol02]

Understanding the XRP Token and Ripple Protocol

Ripple (XRP) is a popular cryptocurrency token native to the Ripple network (RippleNet). The token has been around since 2012 and has one of the top market caps in crypto.

Ripple can be understood like this:

Ripple (XRP) is the “cryptocurrency token” native to “the Ripple Network. ” It’s the cryptocurrency that trades on the market under the symbol XRP (and its what most people mean when they say “Ripple”). To avoid confusion, one can call the native cryptocurrency token of Ripple by its proper name, XRP.

The Ripple network (also called “RippleNet”), AKA the Ripple Payment protocol, is a open source, peer-to-peer, real-time payment system (like Bitcoin’s blockchain or Ethereum’s network) that can be used to transfer both fiat currencies and the Ripple cryptocurrency XRP. A few different “products” exist on this network, each of which has a different function.

Ripple is also a company. The company develops and maintains the ripple protocol.

Ripple’s underlying system can also be described as a “realtime gross settlement system” (meaning it can be used to transfer funds and settle them in real time) that allows for currency exchange and remittance (the transfer of money); i.e. its a system for transferring money online in real time.

Its based around a shared, public database (AKA ledger) which uses a consensus process (much like Bitcoin’s blockchain).

Essentially, it’s like other cryptocurrencies and their blockchain based protocols, but uses a unique technologies and processes.

Ripple is marketed by its team to both individuals and banks and touts the fact that it can be integrated into other systems (such as into traditional banking systems).

Ripple sometimes catches flack for being marketed to big banks, however Ripple should be given credit for innovating in the cryptocurrency space and helping to bring cryptocurrency into the banking world.


FACT: Rippling is a term that helps describe the way Ripple works. Consider this passage from Wikipedia: When a non-XRP payment is made between two users that trust each other, the balance of the mutual credit line is adjusted, subject to limits set by each user. In order to send assets between users that have not directly established a trust relationship, the system tries to find a path between the two users such that each link of the path is between two users that do have a trust relationship. All balances along the path are then adjusted simultaneously and atomically. This mechanism of making payments through a network of trusted associates is named ‘rippling’. It has similarities to the age-old hawala system.

[fishbone]

Ripple is a centralized crypto currency used by some bank by transaction made to fiat.Some people want this coin to be remove from crypto.

[four]

Ripple is a bank coin although Ripple is most reliable coin in cryptomarket infact Ripple can enable high speed transactions because Ripple has own block chain technology this is unique technology than other crypto technologies Ripple technology is connected with fiat and cryptocurrencies but it's fully centralized platform.

[Sudarmono]

ripple is very good in the payment system, and I really believe that ripple has the potential for the future and will provide a high price or value in the future.

[team87]

Whatever many people say about Ripple, in fact the ripple is able to stay in second place after Bitcoin is in market capitalization. Although this coin is said to be centralized, it has many enthusiasts and users.

[Blue4]

At the current market for Ripple is a good platform to short term treading many people hated the Ripple platform although Ripple is doing very well because it has unique technology and it is connected with many international banks.

[Gunung_ulo]

ripples are very good for investing in the long term and in the short term, and I think ripples will provide many benefits for investors.

[IvugeoEvolutionCoin]

to understand the tokens and the development of XRP you should be able to find more information and read on some internet media that provide XRP information.

[BullRuN]

Ripple is the successful cryptocurrency in cryptomarket it's fully centralized platform it supporting with many Banks although it has third largest market capitalization so this is the best way to earn profits.

[damsix]

There is a lot of understanding about Ripple and I will make it simple for that.

Ripple cooperation with the Bank.
Ripple a real competitor for Ethereum.
Ripple is altcoins that are decentralized but tend to be stable.

PS: This is in my opinion.

[blue]

Ripple centralized cryptocurrency thus lotof people didn't accept Ripple as a cryptocurrency although Ripple maintaining world largest market capitalization thus it maintaining second and third position in market place Ripple supporting many banks thus Ripple usage is increasing every day.

[sampoerna]

In my understanding, Ripple is a potential coin both for trading and investment. XRP has been a favorite coin that many people trade and buy it with large transactions. I assume Ripple will continue to improve its good trend in 2019.

[Bobcrypto]

In addition, the Ripple transaction protocol, in the simplest sense, is a real-time payment system. It allows money to be exchanged between individuals regardless of their locations or banks.
The digital asset that runs the Ripple network is XRP.

[Stgeorge]

Ripple is a digital currency.The Ripple is an open source protocol which is designed to allow fast and cheap transaction.

[Warung_lontong]

ripples are really very good coins and very potential in trading, and currently have the top 3 in CMC and I think they will continue.