Ripple Blockchain first started in 2012 as OpenCoin and later changed its name to Ripple. The purpose of this blockchain is to create a platform to speed up and reduce fees in the interbank money transfer process and, in fact, to introduce an alternative to SWIFT. Interbank transactions in this environment take about 3 to 5 seconds. XRP is actually a Ripple platform token used to perform transactions. The transaction verification process in Ripple, like Bitcoin, is defined as proof of work, but unlike Bitcoin, the XRP token cannot be extracted.
There are a total of 100 billion XRP units, of which about 45 billion are in the trading cycle. To date, Ripple is the third largest market after Bitcoin and Ethereum , with a value of about $ 27 billion.
Ripple has experienced unprecedented growth in recent weeks, with separate technical analysis . But he does not seem to intend to end this rally at the moment and we can hope for its future. Ripple charts are given in weekly time.
