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It was said that in order to fully understand Ripple, a common person may take a lot of time, many people even consider this thing, but the thing to think about is why people think it is so difficult to read about it. Trying to understand or even try to understand the people, let's try to explain something to you through this article and hope that through this you will understand a lot.
Before starting this, it is very important that we consider ripple completely separate from bitcoin. Ripple is a back-end infrastructure and the end user does not have to use it or face it. The ripple is not a currency. This is open source for global exchange, no one can access it and the right to use it is equal to everyone. The ripple company does not control the network nor does the fees collect nor determine the limit.
Ripple is a shared public database made of distributed currency exchange, which is the first universal translator of money in the world. Ripple works like a Pathfinding algorithm in order to find a good way to convert dollars into euro or to become a bitcoin to find a good airline mile. It monitors all orders made in the global order book. Anyone can ask the value of anything in it. The Ripple protocol has been designed to provide every transaction at cheaper prices in the market.
XRP-
To use Exchange, a transaction fee (~ .00001XRP) is to be given, and it is only paid in XRP, which is the native token of the network. These transaction fees are not collected by anyone, XRP is destroyed and its existence ends. The cost which is linked to the ledger entry prevents them from any kind of ledger flooding attack. As with Bitcoin, no counterparty risk of any kind is in XRP.
In contrast to Bitcoin, transactions of XRP are completed in 4 seconds or less. Just as we verify gold in a reliable manner, XRP is a digital asset with the quality that examines the varifiable mathematical properties. 100 billion XRPs were created on the establishment of Ripples and can not be made XRP according to protocol rules.