Review on XRP by Azad Aliyev

Ripple is a payment network system (RippleNet) and cryptocurrency value (XRP) that emerged in 2012. Unlike many other cryptocurrencies, Ripple is a centralized cryptocurrency. Despite being processed on the Blockchain system, all the traded books are managed by the company.

The aim with Ripple is to transfer large amounts of assets and money quickly, reliably and cheaply via the blockchain system.

Brad Garlinghouse is the CEO of Ripple and has offices around the world.

Ripple is currently the third most-captured cryptocurrency after Bitcoin and Ethereum among cryptocurrencies.

Having an institutional center has made Ripple cryptocurrency value a preferred crypto money and transfer system by payment systems provider companies and banks.

What are the Advantages of Ripple?

• Ripple offers international shipping at very low costs and in a very short time, thanks to blockchain technology in asset and money transfers.

• The fact that it is the third highest cryptocurrency in the market value and has a very high trading volume causes it to be traded in many exchanges. This also facilitates accessibility.

• Unlike decentralized cryptocurrencies such as Bitcoin, the fact that its value is based on a profit-making company is the most important factor that distinguishes Ripple from other cryptocurrencies.

• It continues to increase its value day by day through agreements with major payment systems provider companies and banks.

How is Ripple Mining Done?

Unlike other cryptocurrencies, Ripple is not mined or produced. The company produces all Ripple values in circulation. Although the total amount of Ripple produced is 100 billion units, the company has only released 40 billion Ripples to the market.

Following a policy different from Bitcoin and other cryptocurrencies, the company adopted a different production system from mining. Produced Ripples continue to be released at regular intervals.

What are the Differences Between Ripple and Bitcoin?

• The Bitcoin system is not decentralized, while Ripple is owned and controlled by a company.

• While Bitcoin transfer transactions can make 4 transactions per second, 1500 transactions can be made in one second in Ripple. (These figures may change over time)

• Ripple is a much more convenient method than Bitcoin in terms of commission fees for transfer transactions.

How to Buy Ripple?

You can find it on many wallets such as KuCoin, Binance and so on.