XRP Explained for Dummies | Ripple XRP Fully Explained | Ripple XRP For Beginners
XRP Explained for Dummies is a video for XRP beginners, who ever wondered what makes XRP so special & unique, or better yet, why it exists in the first place? Turns out there's a lot more to it than just being a "coin" or "digital money". Ripple isn't a "company that sells software" or a bank. It's actually an open source project for global payments- and its incentives are different from most companies. In this video we take a look at how XRP, the digital asset tied to the Ripple protocol, works as part of the system and gets us closer to understanding where it all comes from and why.
Introductory overview of XRP, its capabilities and its function within Ripple's software suite.
There are over 1,600 different cryptocurrencies, but only a handful of them actually have any value. Bitcoin and Ethereum are the most valuable and have been around for a while. However, there is one other cryptocurrency that has been gaining a lot of attention lately. Its name is Ripple XRP and and in our video XRP Explained for dummies we tell you why it has been making some huge gains in the last few months!
The main purpose of Ripple is to enable instant payments anywhere in the world using blockchain technology. It does this by using what's known as a "distributed ledger" or DLT (Distributed Ledger Technology) which ensures all transactions are verified before being
Here is Ripple XRP fully explained for Dummies:
Ripple, or XRP, is a blockchain-based cryptocurrency created by Ripple Labs. It was launched in 2012 and uses the open source Ripple Transaction Protocol (RTXP) to facilitate transactions.
Ripple supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. The company made headlines during the crypto bull market of 2017 when it became the second largest cryptocurrency by market cap, briefly displacing Ethereum. It has since fallen to number 5 on the list.
If you have any questions about XRP explained for dummies, please comment below and we will help you with answering !
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Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL ENTERTAINMENT & INFORMATION PURPOSES ONLY, not financial advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker will not be held responsible for any losses or gains. Always do your own research and advise with a professional before making your own investments.
On this channel, "TECH HUB" we never give financial advice. I am not a financial advisor and I always suggest to do your own research before investing in anything. TECH HUB is a channel fully focused on giving information and my own personal predictions of Cryptocurrencies.
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