While the majority of blockchain currencies are striving to be the fastest payment options available then many of them are falling short of delivering this task. Ripple XRP being a real-time gross settlement system is built to change all of that. Following a little article that explains what is Ripple XRP and some exchanges where to buy XRP from.
Ripple XRP Digital Currency Explained
One of the digital currencies built on a distributed open-source internet protocol. Ripple's network aims to build a global financial ledger that would support nearly instant and free transactions worldwide with no chargebacks.
Ripple is a public network or database, which uses a consensus process allowing for payments, exchanges, and remittances in a distributed process.
A lot of banks and payment networks have started integrating Ripple as settlement infrastructure technology.
Ripple consists of the network of nodes that validate transactions with many of which being big reputable banks.
Some banks that are publicly experimenting with Ripple include Bank of England, Royal Bank of Scotland, Sony Bank, Commonwealth Bank of Australia & many more.
Another big player testing Ripple networks potential for their operations is a money remittance service giant, Western Union.
Ripple network is expected to grow hundreds of times bigger when all of the research and development converts into every day operational use.
XRP could potentially change our traditional slow banking system into an upgraded instant digital variation. However, above is just future speculation.
Ripple XRP Specs
Ripple network is a real-time gross settlement system (RTGS).
XRP network uses SHA512 hash-algorithm
All of the transactions are instant.
Maximum supply of XRP is capped at 100,000,000,000.
Ripple Transaction Protocol (RTXP)
Where To Buy Ripple XRP Exchanges
There are multiple blockchain currency exchange platforms that offer Ripple XRP trading pairs against other major digital currencies.
If you already have any crypto and looking for a hassle-free experience to buy XRP then your first choice should be Binance.
Alternatively, you could buy Ripple XRP on exchanges such as BitStamp, Kraken, CoinOne, Korbit & LiteBit.eu.
While Binance is crypto-only exchange then rest also let you deposit via FIAT payment channels.
One of the biggest mistakes that crypto newcomers make is storing their valuable digital currency savings in an exchange wallet. This is not safe, an exchange is meant for exchanging only, while savings should be kept in a wallet that you have full control over.