Hello all! In this video we will discuss what Ripple is.
Ripple is now third in popularity after Bitcoin and Ethereum. Digital assets discovered by Chris Larsen and Brad Garlinghouse in 2012, appeared with a different system from Bitcoin. Initially, Ripple was designed as a daily payment system; so it’s faster than Bitcoin. Network Ripple has now been updated to increase the speed that can accommodate 50,000 transactions per second. The main purpose of creating a Ripple / XRP is actually an internet protocol based payment tool, as HTTP and TCP / IP are used to manage websites and data, but are specifically designed to send and receive payments.
Apart from being a digital asset, in some countries the Ripple / XRP also functions as a medium of exchange for fiat currencies and other digital assets and payment gateways. Ripple / XRP uses a ledger managed by an independent network to validate a server that continuously compares transaction history or records.
This ripple / XRP does not depend on the strength of the proof-of-work used by Bitcoin. When this video was made, there are already around 43 billion ripples in circulation in the world, and there will be 99 billion ripples! Unlike bitcoin, ripple / XRP cannot be obtained through mining, but Indodax is here to be a place for traders who want to have ripple quickly and easily! Want to have a ripple? Come buy now at indodax.com! And don’t forget to subscribe to our YouTube channel!