What makes Ripple (XRP) special? - Crypto in Plain English - Episode 61 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it21 Joulu 2021

What makes Ripple (XRP) special? - Crypto in Plain English - Episode 61 - by cryptohunt.it

What makes Ripple (XRP) special?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today, we dive into Ripple, one of the earliest cryptocurrencies out there.

Ripple is a virtual currency that targets banks and payment networks as clients. The idea behind Ripple is to replace the antiquated inter-bank payments systems. It is not designed for consumers like us.

And that differentiation makes it one of the most adopted crypto projects out there. Major commercial banks like Santander use the technology to move money around for example.

But note how we haven’t said a word about blockchains yet? That’s because Ripple doesn’t operate on blockchain technology. Instead, the Ripple company provides validation of transactions, meaning Ripple isn’t decentralized and the company is the sole entity that has full control over its future. There is still a permanent record of all transactions though, much like Bitcoin. All that makes Ripple extremely fast with very low fees for those banks.

Another thing to know about Ripple is that major exchanges in the US have halted trading of its token. That is because Ripple is currently being sued by the security exchange commission, the US agency that oversees the stock market. They allege that Ripple sold their tokens illegally to the public. So if you decide to trade Ripple, just understand it might be hard to sell in the US.

And that’s Ripple! And next time, we’ll talk about Terra Luna.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

What makes ZCash special? - Crypto in Plain English - Episode 117 - by cryptohunt.it

What makes ZCash special? - Crypto in Plain English - Episode 117 - by cryptohunt.it

What makes ZCash special? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. A common misperception about crypto is that all blockchains provide perfect...

9 Maalis 20221min

What makes Monero special? - Crypto in Plain English - Episode 116 - by cryptohunt.it

What makes Monero special? - Crypto in Plain English - Episode 116 - by cryptohunt.it

What makes Monero special? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. If you’ve listened to our explanation of what a blockchain is, and remembe...

8 Maalis 20222min

Can anyone see what’s in my crypto wallet? - Crypto in Plain English - Episode 115 - by cryptohunt.it

Can anyone see what’s in my crypto wallet? - Crypto in Plain English - Episode 115 - by cryptohunt.it

Can anyone see what’s in my crypto wallet? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. One of the features of blockchains is that all transaction...

7 Maalis 20221min

What is Celo and what makes it special? (Part 2 of 2) - Crypto in Plain English - Episode 114 - by cryptohunt.it

What is Celo and what makes it special? (Part 2 of 2) - Crypto in Plain English - Episode 114 - by cryptohunt.it

What is Celo and what makes it special? (Part 2 of 2) Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, welcome to part two of our two part seri...

4 Maalis 20222min

What is Celo and what makes it special? (Part 1 of 2) - Crypto in Plain English - Episode 113 - by cryptohunt.it

What is Celo and what makes it special? (Part 1 of 2) - Crypto in Plain English - Episode 113 - by cryptohunt.it

What is Celo and what makes it special? (Part 1 of 2) Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, welcome to part one of our two part seri...

3 Maalis 20221min

Why crypto is great for donations - Crypto in Plain English - Episode 112 - by cryptohunt.it

Why crypto is great for donations - Crypto in Plain English - Episode 112 - by cryptohunt.it

Why crypto is great for donations Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. You may have seen the Ukrainian government tweeting out wallet addr...

2 Maalis 20221min

Can you really trust stablecoins? - Crypto in Plain English - Episode 111 - by cryptohunt.it

Can you really trust stablecoins? - Crypto in Plain English - Episode 111 - by cryptohunt.it

Can you really trust stablecoins? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s take another look at stablecoins – and why you shouldn...

1 Maalis 20221min

Is Tether as stable as they claim? - Crypto in Plain English - Episode 110 - by cryptohunt.it

Is Tether as stable as they claim? - Crypto in Plain English - Episode 110 - by cryptohunt.it

Is Tether as stable as they claim? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s take a critical look at Tether, the largest stablecoi...

28 Helmi 20222min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
hyva-paha-johtaminen
ostan-asuntoja-podcast
rss-rahamania
rss-lahtijat
rss-startup-ministerio
rss-seuraava-potilas
rss-sami-miettinen-neuvottelija
rahapuhetta
rss-rentotapaus
rss-sisalto-kuntoon
rss-porssipodi
sijoituspodi
rss-lain-elamaa
rss-rikasta-elamaa
rss-tuottava-ja-hyvinvoiva-pk-yritys
rss-asiakaskokemusklubi