IS RIPPLE NET IS SCAM OR LEGIT ? IS WORTH OF INVESTMENT?

By Kavi | Kavya | 23 Apr 2020

Hey ! welcome back to my blog.

Ripple is the lab that created a profit oriented technology and cryptocurrency 'ripple XRP' .This coin is widely adopted by buyers on different exchanges and currently holding 19.63 billion USD with rank no. 3 in crypto market.

Ripple is based on real payment transaction and remittance in 170 countries .it has been partnered with more than 100 big banking and financial institutions around the world which are given a ripple software to operate all the transaction .after ripple arrived in market ,the transaction time has been shortened and frictionless .

Ripple is designed on blockchain but instead securing its transaction by decentralised miners it secured by validating network servers with internal ledger that fixed confirmed transaction on the base of consensus .there are 100 billion coins which are pre-mined and controlled by ripple labs .

44 billion coins are in circulation and it can be extended if ripple labs need more to supply money. ripple was primarily focused on payment processor and currency exchange but after many years ,its been upgraded and brought many new technology to add speed and security of blockchain .

ripple is the remake of this old concept of receiving payment long time ago.

Ripple works in same way ,just connect two border agents to facilitate the payment.Ripple here act like gateway or third party who grant the payment transaction in between to or among many agents cross border.

Ripple is in operation from 2014 and from that time it never turn behind and now the result is top 3 crypto trading company is built.the basic fundamental of this coin was to make the transaction fee most lowest where none can compete even if paypal, stripe want to compete but their old payment system will not let them. ripple is fully infrastructure for instantaneous payment network cross border .

Ripple net is an open source projects which is quite different than other cryptography.in simple way ,its a kind of software which is only given authorisation to used all the banking institutions and financial firm.anyone can run the node from these institutions to facilitate payment .Ripple net is working here as medium where individual or institutions deposit or withdraw the payment and put the record on ripple ledger also there got side guidelines to follow like accepting customers KYC and ALM (anti laundering money) .

Ripple net does not process on Mining but initiated on institutions network.the transactions are very quick and in 4 seconds maximum takes to process the complete ripple ledger.overall in 1 second ,ripple can do 1500 transactions .

In summery , Ripple is centralised operational project which might be attack and stolen where as Ripple Net is open source built technology which is designed to operate on the basis of consensus and it will exist forever .

we can understand that Ripple is private company which controls the payment supply by open source network called Ripple Net which is safe and secured and given empowerment to all the banking and institutions .

So, Ripple Net is simply legit and core asset of Ripple lab to make the secured and fastest payment transfer network and since Ripple Net is integral systematic part of Ripple then future of this coin is grateful and recommendable for investament.