Chapter 1- ( Basics of Ripple )
- Ripple established in year 2012
- it is one of the few currencies which is Centralized .( Unlike Bitcoin which is decentralized )
- Brad Garlinghouse is CEO of Ripple.
- This is one of the few currencies where mining is not done for new coins ( Unlike Bitcoin is mined for new coins )
- Ripple payment settlements are faster appx 4 Sec, ETH appx -1+ mints , BTC - Appx 1+ Hr .( Source - Ripple site)
- Ripple can handle 1000 transactions per second same as Visa handles ( it is scalable even more )
- It is Real Time payment with no settlement risk .
- Ripple can be used for Corporate disbursements and Retail remittances
- Ripple works on Interledger Protocol (ILP)
- Ripple has venture capital firms and strategic investors. ( Accenter , SBI Group , Google Ventures, Seagate , Standard Chartared , Digital Ventures etc )
- Max Supply-100,000,000,000 XRP, Total Supply-99,994,742,943 XRP Circulating Supply-38,532,538,149 XRP.
- Market cap – Appx- $12,255,928,811 Last 30 days volueme – 8.5 Billion USD . ( as on 21st May ),
My personal investment views on Ripple Investment
- Best Pick crypto for may pick .
- Current Price $ 0.31 to $0.40 – It can go upto $1 by end of year 2018.
- It can be traded at -https://hitbtc.com?ref_id=59175ac6825c1 and many more exchanges .
- The price rise visibility is having some base as Ripple has got many bank orders which are announced this month .
I am starting a series on know ripple- The Digital asset for payment ,
follow me for next Chapter – Why Ripple is consistently at top 5 crypto currency list
let me know if you have any specific questions i will love to answer it at my best .
Regards
Santosh
Thanks for the comparison. Caused me to switch my Eobot account to Ripple. Following.
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