What Is Ripple And How Ripple Work?

Ripple is a new world cryptocurrency created by Jed McCaleb and Chris Larsen in 2012.

Ripple also know as XRP which is its token name.

There is some difference between the Ripple and XRP.

Ripple belong to the protocol by using the transaction & payment are made.

And XRP is the token name of the coin.

Ripple is the today’s most popular cryptocurrency made on the similar structure on which Bitcoin is based.

But there are many differences between Ripple and other cryptocurrencies in term of technology and behavior.

Ripple is not decentralized like other cryptos, it is centralized that is why it can not be mine.

The only way to acquire ripple is to buy it from any exchange.

Their main focus is to sell their software to the financial institution like the bank etc. As well as their main buyer is to sell XRP are bank and other financial institutions too.

Because of Its centralized behavior, many altcoin enthusiasts don’t like it.

If Ripple/XRP can’t be mine then how new coins come to the market.

When ripple was founded in 2012 by the Jed McCaleb and Chris Larsen, they made 100,000,000,000 that time. Now no more or less XRP.

Means the total no of coins belongs to the owners, it can not be mined.

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