Cryptocurrencies are all over the internet. This recent craze has become a trend now and slowly turning into a system. Bitcoin started this moment, now there are tons of altcoins like Ethereum, ZCash, Litecoin, and DubaiCoin etc. One more currency that started gaining attention in 2017, now hold 3rd highest cryptocurrency market cap in 2018 and that’s Ripple.
WHAT IS RIPPLE?
Ripple is real-time gross settlement system (RTGS), currency exchange by Ripple. It is also called the Ripple Transaction Protocol (RTXP) or Ripple protocol. It is built upon a distributed open source Internet protocol, ledger, and cryptocurrency called XRP (ripples). It enables secure, fast, instant and free global financial transactions of any size with no chargebacks. It is fastest and most scalable Digital Asset in the world. Ripple is a very popular network as many banks across the world use it as the basis for their own settlement.