Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[BMF]

Ripple is one of the popular cryptocurrency next to bitcoin. The symbol or code for Ripple is XRP. Apart from the cryptocurrency, the name Ripple also stands for the beta version of the open source payment system that will help the users to transfer any kind of currency without any fee.

Ripple is different when compared with bitcoin even though both have some similar features. Bitcoin transactions can be done with zero fees if a user can wait patiently for some time. But the ripple transactions always have a small fee in XRP to make the transaction secure.

XRP can be bought from many exchanges like Bitstamp, Gatehub, Coincheck and more.

Pros:

1. High Speed: Ripple transactions can be completed very quickly within seconds when compared with other cryptocurrencies which take minutes or hours to complete a transaction

2. Scalability: Studies say that XRP can handle more than 1000 transactions per second. Bitcoin can handle only up to 5 transactions per second. So XRP transactions are highly scalable.

3. Ripple Consensus Ledger (RCL): RCL is nothing but an open source and distributed ledger maintained by a set of computers to keep track of all the ripple transactions. Every new transaction is validated and compared with past transactions until it reaches a majority. This checking helps to make the transactions more secure and discard the invalid or disputed transactions.

4. Stability: Ripple is more stable when compared with other cryptocurrencies because the RCL is governed by many banks and financial institutions. Bitcoin and Ethereum do not have this type of governance.

Cons:

1. It is not possible to make free ripple transactions, unlike bitcoins.

2. Ripple doesn't support any decentralization.

3. Even though the ledger is public, the value of ripple is mainly controlled by banks.

What's your opinion about RIPPLE? SHARE IT!

 

[cmoneyspinner]

I'm not buying Ripple (XRP). My son likes this crypto coin. I was staking ATOM and Polkadot. But recently unstaked my crypto because I needed money. It took almost a month. When they were finally unstaked, I converted them to USDC. Coinbase buys 5% on USDC. The cool thing I can use my Coinbase debit card just like cash.