Looking at The Future of Cryptocurrency Ripple (XRP) - Ripple Investment Banking and Investment Object
Currently digital money has divorced large sums of money: there are unique in their way and offer knowledge to the users, others like twin sisters are just like each other. In this variety, an unusual coin called Ripple, which is not actually a crypto currency in the traditional sense has been ingrained. Why it is so often considered and whether to invest money in it - the answer to all the questions in this article.
Crypto Feature Currency Ripple
The first and to this day the main kriptovayutoy is bitcoin and, how it is not played, and all the next coins for it are the same. And even if they are super-mega-unique, even the fact that they work as blockhouses, insist that at least one is lent from his foster children from his brother. But this can not be said about Ripple crypto currency - it has no connection with blockbusters and operates with its own protocol. This protocol is based on a distributed registry, has both source code and open works, armed with the consensus principle, which is an agreement. Immediately show that developers do not think and think about crypto currency - the start of work on the project submitted in 2004 when they did not hear about crypto and hearing currencies. Initially, the creator has another goal - to create a global and free payment system. The idea was quite successful and, as a result, Ripple coin counters appeared, categorized as crypto currency. And not just in this ranks, but at the very top of TOP's crypto currency - its capitalization is 7.7 $ Today, the ripple is the fourth among all the respected crypto codes, but is sometimes selected in the short time after which bitcoin. But with bitcoin Ripple has a very specific relationship. Very many experts say that if the role of the world's reserve currency and crypto luster, then on the contrary, this honor will be given ripples, and not the ball cues. And no matter how much we love bitcoin, we have to admit that with technical parameters, this is lower than many crypto-currencies. Ripple, as a global payment system, has found active application in the banking sector and is already a huge list of financial institutions worldwide adopting its protocol. Soon Ripples can greatly change the face of the banking sector, as it has now created real competition for systems like SWIFT and Western Union. And yes, they feel nervous when smoking on the sidelines, seeing the banks behind Ripple banks pushing their market.
Is there a Mining Ripple?
As mentioned above, coins and the whole system have a fundamental difference from other crypto currencies and no ripple mining at all. Coin extraction is not embedded in the concept, because the system runs well without miners - they do not need it. Since the start of the project, which took place in 2014, 100 billion XRP coins were "stolen" and their further production is not considered by the system. It should be noted that of the hundreds of billions of these ripples only 20 are distributed among users, the rest is entirely controlled by the developers. This raises much controversy over the fact that the project is not decentralized and the creator of crypto currency can easily influence its path. To appease the raging masses, Ripple Labs personally blocked access to coins on smart contracts and from time to time may receive a fraction of that amount for project development. Because there are no miners in the system, the role of the confirmation body is played by a trusted node. There are many of them on the network, but again, only users who pass Ripple Labs certification becomes nodes. So with decentralization there are still problems and they confuse many users.
Where can I buy Ripple?
With capitalization, the ripple is in a respectable fourth place, which means present in almost all crypto exchange markets. Coins are very popular, and each request generates bids and trading platforms that are easily included in their list. Therefore, if you plan to acquire Ripple, you will have no difficulty in this process. Many popular exchanges support ripples, among them:
- Poloniex
- Kraken
- Bittrex
- Bitfinex
- Bithumb, etc;
At the same time, there are a large number of crypto exchanges created to honor Ripple coins, and occupy important places in such places. If you do not want to deal with crypto exchange, this is the usual alternative for me - you can also purchase ripples through the excryptocurrency.
The course of the Ripple (XRP) cryptocurrency
Ripple exchange coin exchange begins with a value of 0.005 $, and the maximum reaches May 2017 year - 0.36 $. Currently, prices fall slightly and are quoted at the level of 0.2 $, but with the rise in prices, investors who invest in this crypto currency from the beginning, are able to make money very well. Anyway, for long distance one should expect a price increase for Ripple and not just because coins and big banks pay attention to coins and the system as a whole. In the concept of crypto currency, there are a number of coins that are not produced, and this will fight inflation. And along with this, the developers apply the burning process 0.00001 XRP for each transaction. This is done to prevent spam, and in practice will not only prevent attacks, but will also reduce the number of coins. Even with stable demand, with a decrease in the amount of XRP, the price of coins will increase.
Where to Store Ripple?
If you are one of those who still keep a coin on the exchange, it is very dangerous. Crypto-bursa will be heavily skipped actively and the last case with a large BTC-e exchange is proven. Therefore, storage is better to trust the wallet, but if Ripple is not that simple - there is no official customer for the coin, the developers Do not position it as a monetary unit outside their system, but suggest to use Gatehub platform for this. Even so, there are alternative options.
Wallet for Cryptocurrency Ripple
To save crypto XRP currency, you can use various wallets. The popularity of coins contributes to the fact that many multicurrency wallet developers pay attention to it and add it to their clients. But there is a certain wallet, which is specially designed for Ripple.
- RIPPEX - If you're a fan of desktop wallets, you'll need to give preference to this app. Clients can be downloaded almost on all operating systems, private keys stored by the user, but the authenticity of the client's work can be checked by everyone, thanks to the open source code. The big advantage of the bag is the software and online choice.
- Gateway - The platform recommended by RippleLabs developers, allows you to save XRPs, send them to other users and even swap crypto currency among themselves. In general, the wallet is very comfortable and suitable for beginners.
- Ledger Nano S - The most reliable storage option. The famous hardware bag developer recently added support for Ripple crypto currency and now you can put your coins into this cool store. Ledger has many advantages and advantages, but there are significant losses - this is a pay bag, for the purchase you need to pay about 60 euros, and also pay the postage from France itself.
How to get Ripple Wallet?
It's easy to get your account on Gatehub's official platform, and also use it in the future. But saving a lot of ripples in online storage is not recommended - if you buy coins in bulk and want to keep them for a long time then the best option is Ledger hardware or free RIPPEX.
To create your wallet in Gatehub follow the instructions:
- Go to the Gate's official website and select the "Sign Up" section.
- Then specify an email, password (twice) and skip the bot check.
- You will be offered a key to access your wallet, which you should keep in a safe place, but better in some places and across operators. The next step is to confirm the mail, and after the first login, you must undergo mandatory verification in the form of charging data about yourself. After that, you can use the full wallet function.
Again, note that in online wallets it is better to save a small amount of money needed for fast operation, while a place for all your long-term investments in client software. This is because the desktop is secure, but not so convenient to use, while coins stored on third-party servers can be easily deployed, but trusting these servers are not very secure.
Ripple Cryptocurrency - Forecast for 2018 years
Summarizing all of the above, it should be noted that Ripple is a very unusual crypto currency, which has a strong technical part, and its protocols are actively introduced into the banking sector. Already today investors are very worried about it, like Google, which clearly talks about good prospects. Of great importance is the fact that the coin was not understood as a speculative instrument, like most crypto-dummies and its development does not lead in this direction. At the same time, it is undeniable that Ripple's decentralization is lame on both feet and society can not do anything before the developers make the right decisions. Not only in 2018, but also in the future, we should expect a growth rate of ripples, as the number of coins will fall, and demand will grow. Therefore, now, when the Crypto currency rate is low enough, it is necessary to purchase at least a small amount of XRP, which in the future can easily rise in price. Well, we will not see into the future to come - Ripple will justify and surpass the bitcoin or become the exclusive property of the banking sector - but its coins and protocols have time to express themselves out loud.
Thank you for taking the time to read my writing. Sorry if there are still many shortcomings in terms of writing.