XRP ranks fourth among the top 100 coins. I am trying to present to you the basics about it.
What is XRP?
XRP is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. XRP is actually a currency that runs on a digital payment platform called Ripplenet, and which is at the top of a distributable written database called XRP Laser. Ripplenet runs a company called Ripple, which runs on XRP lasers not on the basis of open source and blockchain but on the basis of the previously mentioned distributed laser database.
Ripplenet Payment Platform is a Real Time Gross Settlement (RTGS) system that handles instant financial transactions worldwide. XRP is the core cryptocurrency of XRP lasers, but you can use any currency for transactions on this platform.
How does XRP work?
XRP was created by Ripple as a fast, low-cost and scalable alternative to both digital assets and existing financial payment platforms like SWIFT. Ripplenet's leader is maintained by the global XRP community, where Ripple is considered an active member. The XRP LEDGER processes transactions approximately every 3-5 seconds, or as opposed to proof-of-work mining like Bitcoin (BTC). Ripple Verifier, and the list is currently compiled in conjunction with universities, financial institutions and others.
How do you buy XRP?
You can buy XRP on any exchange that offers digital currency. Check online first for the latest exchanges and trading lists for this cryptocurrency. Please. Again guys don’t forget to check well before picking the exchange.
How do you save XRP?
Either you can store your XRP at an exchange where the exchange will protect your property, or you can store your XRP in a hot or cold wallet.
Price:
At the time of writing this post 1 XRP equals $ 0.246080 USD. Take a look at the chart below by simply lifting it.
