Ripple is a cryptocurrency created on Ripple blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized. Ripple cryptocurrency was created to speed up the global payments by payment settlement organizations such as commercial Banks, online transfer payments, cryptocurrency exchanges and many more.The payment settlement takes place on the RippleNet
Ripple transaction takes place on the Ripple blockchain Explorer based on Ripple Ledger and timestamp. To view how Ripple transaction takes place on the Ripple blockchain explorer, simply follow the link below;
Ripple cryptocurrency was first released to the public in 2012 By Ripple Labs. At that time, it was called opencoin but later came to change its name to Ripple
Founder Of Ripple
Ripple was created by Chris Larsen and Jed McCaleb.Chris Larsen is a US-based technologist and Angel investor as well as a San Fransisco state university Alumni while Jed McCaleb is a US-based programmer and entrepreneur.
Process of creating Ripple
Unlike other cryptocurrencies which are created as a proof of work through the mining process using CPU and GPU in the presence of the internet, for Ripple, that is not the case. Instead, its circulation to the economy is being determined by its creator, the ripple Lab. This makes it confuse many people whether it should be considered as a token or a cryptocurrency.
Maximum circulation of Ripple
The maximum number of Ripple coin that is expected to be circulating in the Ripple blockchain Network according to its creator, the Ripple Lab, Ripple maximum supply should be 100 billion coin.
Currently, 1 Ripple is worth more than $0.34 and its price is expected to increase over the next period of time. Ripple symbol is abbreviated as XRP.
Converting my Ripple to other cryptocurrencies
To convert your Ripple to other cryptocurrencies such as bitcoin , you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your Ripple to bitcoin
Storing my Ripple
To store your Ripple, you need a Ripple wallet or other supported cryptocurrency wallets.You can use , coinpayment or other supported Ripple wallets. For the safety of your Ripple, you can use offline Ripple wallet like Ledger hardware wallet or can download Atomic ripple wallet
Transferring my Ripple to other Users
If you want to transfer your Ripple to another user, the two of you must have trust on each other. The trust should be the Ripple address provided for the receiver as well as the Tag destinantion while the sender must have the Ripple in their account to send to the receiver .For the sender, a blank space to insert receiver address , Tag destinantion and another blank space to insert amount to send to receiver is indicated .Here is how it looks like;
Knowing more about Ripple
If you would like to know more about Ripple cryptocurrency, then you can follow them on their website. Here is the link redirecting you to their website
Now that you know, i think that it is time for you to start owning Ripple. If you feel that i should also own some for helping you to know more about this cryptocurrency, here is my Payment Tag and Ripple address ;