Review on XRP by Toprak Dere
ABOUT XRP
Ripple is a cryptocurrency like other altcoins that came out after Bitcoin and is an international payment network.
One of the most important features that distinguishes Ripple from other crypto currencies is the lack of mining. Originally operating as a company, the Ripple network works with a certain number of (100,000,000,000) XRP tokens that developers generate on the Blockchain. The amount of XRP deducted from transactions is deleted from the system. In other words, as a kind of transaction is made, the number of tokens in circulation decreases. Despite these, Ripple does not fully adopt the decentralization principle, which is one of the most important points of crypto money, due to its corporate identity. For this reason, Ripple and XRP are often considered and interpreted as a central cryptocurrency. However, considering what we have mentioned above, Ripple is seen as one of the brightest altcoins in the future thanks to its unique advantages and adaptation of banks.
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Updated 3 years ago
Rating changed from 5 to 3
One of the most talked about topics in the cryptocurrency ecosystem has been Ripple's lawsuit with the SEC and the XRP price. The lawsuit filed by the United States Securities and Exchange Commission against both Ripple as a company and its two top executives ensures that Ripple and XRP are on the agenda for 1 month.
At this point, it is wondering how Ripple will follow as a company, while investors are focused on the price of XRP.
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Pros
- It is very easy to store and transport.
- brings good profit in the future
- Listed in almost all exchanges
Cons
- NO
