Ripple is one of the very technologies which are both a digital payment gateway and cryptocurrency both. It was first established in 2012 by their co-founder Jed McCaleb and Chris Larsen. After Bitcoin and Ethereum, Ripple, based on market cap, is the 3rd largest cryptocurrency in the world.
The Open Software Platform
Ripple is also an open platform where you can send or receive money in any corner of the world without any central authorities. You can also extract the currency, send and receive and manage the money on your own. It has flexibility and scalability to adapt any software for mining the cryptocurrency. This makes Jual Beli ripple one of the favorites among people.
The Pros
- Most Trusted
Several leading banks validate the ripple as cryptocurrency and as the payment platform across the globe. Hence, it is the most trusted cryptocurrency and payment network. Axis Bank, Santander, Westpac, Yes Bank, NBAD, Union Credit, UBS are some trusted banks who trust in ripple.
- Without Inflation
Since all the cryptocurrency has already been extracted and already exist, therefore no chance for inflation. So, if you don’t want to take a risk in investing, you can choose for ripple.
- Bright Prospects for Investment
The more banks start using this as a transaction platform, the higher the rate of the Ripple cryptocurrency. If someday many of the banks start using this platform for transaction purposes, the people who have invested in this currency will earn the lot. Still, there is an excellent opportunity for Jual Beli ripple.
The Cons
- Indirectly Centralized
Unlike other cryptocurrencies, the ripple is highly centralized, indirectly. Since all the currency has already been mined, the whole control is in the hand of the developer to release it or not to release. Therefore, investing in ripple is like investing in a bank.
- Monopoly
Due to the centralization of the cryptocurrency, today, there is a monopoly of Ripple lab in the market that owns more than 60% of the Ripple currency.
- Open Source
In the context of cryptocurrency, the open-source is bane and curse both at the same time. Due to open source, there may be a chance of hacking, but it is controlled to a greater extent due to fast transactions comparatively.
The Features
- Almost zero fees
In comparison to other cryptocurrencies, if you Jual Beli ripple, the transaction through ripple is of low, almost zero cost.
- Growing ecosystem
Due to secure and faster transaction, the ecosystem of ripple is one of the fastest-growing.
- Settlement finality
The settlement is almost instant in case of the transaction through ripple.
- Liquidity & Scalability
These are important parameters if you make a transaction in cryptocurrency, and the ripple takes the utmost care of them.
- Decentralized ledger
This feature of any cryptocurrency separate from traditional transactions. The ledger can be accessed on any platform and by any means.
Faster than Bitcoin
During any financial transaction, verification is the lengthiest process. Therefore if you save the time anyhow during the verification process, you can save the lot. Ripple relies on Unique Node List (UNL) takes much lesser time in verification than Bitcoin, and of course, than a traditional transaction system too.
