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Review on XRP by Cassian Nitu
Regarding the quote from CONS: XRP was not made to serve as a crypto currency…
Regarding the quote from CONS: XRP was not made to serve as a crypto currency in the traditional way, like BTC, and just for paying a fee when two parties exchange or transfer assets/currency. But somehow caught people attention in a traditional way :)
Pros
- - Entry price. - Rank 2 by market cap. - XRP does not use proof-of-work it uses “consensus” . - 200+ Ripple Lab clients. - Trusted by banks like UBS, UniCredit, Santander, just to name a few ( as mention in official ripple press release) - No inflation. 100,000,000,000 (100 Billion XRP tokens) created since the inception of XRP. - Each transaction costs a fee of 0.0001 XRP and the fee is destroyed after the transaction was made.(nodes vote the fee amount from time to time) - Providing fast (4 seconds but can scale to handle the same throughput as Visa), secure and low cost money transfer for Ripple clients (saving banks a lot of money - so more banks will end up using it). - Great team
Cons
- - Highly centralized - There is a lawsuit against Ripple - "Private exchanges and liquidity providers may choose to hold additional XRP for trading. Ripple (the company) does not promote XRP as a speculative investment" - quote from official ripple site for developers
