Review on XRP by sami hanim
XRP
When people hear the name Ripple, they immediately think of its digital currency, XRP. But the first thing we need to know is that Ripple is a little different from XRP. In fact, Ripple is very different from other digital currencies such as Bitcoin or ethereum.
Ripple is a large company that makes decentralized financial products for banks and financial institutions.
XRP Digital Currency is a digital asset created and marketed by Ripple. The XRP currency is not mined. All 100 billion units were exported in 2013 by Ripple.
XRP digital currency is transferred to a distributed general ledger called the XRP Ledger. Transactions in this digital currency are approved by the nodes on this general ledger.
Although the number of transaction credits (Nodes) in the Ripple General Office (XRP Ledger) is very small, anyone can act as a node called a Server in a Ripple consensus. Of course, having a server in Ripple has a number of special conditions, but in any case, anyone can connect directly to the general ledger. The principle of transaction verification is performed by specific nodes known as Unique Node Lists.
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Pros
- Highly fast transaction speeds and extremely low transaction fees
Cons
- not found
