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یک شنبه 26 تیر 1401, 21:02 عصر
What is Ripple (https://coincupdaily.com/what-is-ripple-and-how-does-it-work/) (XRP)?Ripple (https://ripple.com/) (XRP) is a cryptocurrency token designed to migrate transactions from central databases controlled by financial institutions to a more open infrastructure while significantly cutting costs. XRP transactions are trustless, instant and cheap, putting them at an advantage for cross-border movements.
Launched in 2012, the cryptocurrency has one of the most ambitious goals in the cryptocurrency space. The software enabling the use of XRP — the XRP Ledger — proposed a new way of operating blockchains that proponents claim is more suitable for transactions.
The Bitcoin blockchain allows anyone to contribute computing power, validate transactions and secure its software. The XRP Ledger, on the other hand, only allows select network participants to help validate transactions and secure the network. There are over 150 of these participants in the network, collectively known as the Unique Node List. But, is XRP decentralized?
At launch, 100 billion XRP tokens were pre-mined and subsequently distributed to specific individuals, companies and the general public through gifts and giveaways. At the time, the move led to concerns surrounding its decentralization as a few entities controlled a large supply of the coins.
Adding fuel to the fire, XRP’s involvement in the market relies on a for-profit company called Ripple that, to this day, acts as the main player in the XRP ecosystem. Ripple helps maintain the XRP Ledger and plays a pivotal role in its development while being a significant XRP token holder.
https://coincupdaily.com/what-is-ripple-and-how-does-it-work/
Launched in 2012, the cryptocurrency has one of the most ambitious goals in the cryptocurrency space. The software enabling the use of XRP — the XRP Ledger — proposed a new way of operating blockchains that proponents claim is more suitable for transactions.
The Bitcoin blockchain allows anyone to contribute computing power, validate transactions and secure its software. The XRP Ledger, on the other hand, only allows select network participants to help validate transactions and secure the network. There are over 150 of these participants in the network, collectively known as the Unique Node List. But, is XRP decentralized?
At launch, 100 billion XRP tokens were pre-mined and subsequently distributed to specific individuals, companies and the general public through gifts and giveaways. At the time, the move led to concerns surrounding its decentralization as a few entities controlled a large supply of the coins.
Adding fuel to the fire, XRP’s involvement in the market relies on a for-profit company called Ripple that, to this day, acts as the main player in the XRP ecosystem. Ripple helps maintain the XRP Ledger and plays a pivotal role in its development while being a significant XRP token holder.
https://coincupdaily.com/what-is-ripple-and-how-does-it-work/