Homework Task Season 2 week1 for Professor @yohan2on | Ripple
Hello steemians
this is my second homeworktask of season 2 week 1. So here i am sharing my homework task which is given by peof. @yohan2on. Here I picked Ripple for this homeworkk task.
Ripple
Ripple is a platform. It was designed for fast and cheap transaction. this company was founded in 2012 by Chris Larsen, Jed McCaleb. Headquarters of this company in San Francisco, California, U.S.
The first name of this company was Opencoin, then in 2015 it was changed to Ripple Labs.
What is XRP?
Xrp is a cryptocurrency token. This coin was created because of globally payments transferred easily and quickly. Banks takes 3 to 5 days for setteling payment in other countries. it takes high fees. On the other hand XRP provide fast and secure transaction. it takes minimun 4 second for settlement at very low costs. XRP's averages 2,000 transactions per second.transcation cost of xrp is 0.00001 XRP.
How you can buy XRP?
You can XRP on any echange where it is available. At this time 47.22% xrp coin trade on Binance and remaining tokens trade on other exchane like HUOBI, BITSTAMP, CRAKEN, UPBIT....etc. There are too many pairs available to buy this token like USDT,BTC, ETH, BUSD...etc
Current price of XRP.
Current price of XRP is 1.38 dollar. The current coinmarketcap is #4 and supply of XRP, over 45 billion is currently in circulation and its total supply is 100 bilions.Its all time low is $0.002802 on Jul 07, 2014 and high is $3.84 on Jan 04, 2018.
screenshot from coingecko app
Wallets for XRP and why it is used.
Just as you need a physical wallet to store your physical Fiat money, you need an equivalent wallet for crypto currency.
wallet is used for storing, transferring, receiving and managing your coins all in one place.
There are many types of wallet.
- Ledger Nano S
- Trezor
- Keepkey
- Edge Wallet
- Rippex
- Gatehub....etc
Conclusion
Ripple future is very good. It is revolunatory and businessfriendly cryptocurrency. When you have to transfer money to across the border by bank it will take 4-5 days and whenever your transaction can be cancelled but by xrp it take less the 4 sec thatswhy i prefer to use xrp for settling your payment. It is best for it.
Hello @mohitsingh1,
Thank you for participating in the 1st Week Crypto Course in its second season and for your efforts to complete the suggested tasks, you deserve a 6/10 rating, according to the following scale:
My review :
An acceptable article in which you dealt with the topic of XRP cryptocurrency from several aspects. It is clear that big efforts have gone into researching and writing. Try to add an analytical dimension to make your article more in-depth, as it could also have talked about your personal experience in trading this cryptocurrency.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01
Thankyou professor