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 is a DAO? - Crypto in Plain English – Episode 29 - by cryptohunt.it

What is a DAO? - Crypto in Plain English – Episode 29 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today we explain what a DAO ("D-A-O") is. You may remember our episode on Web 3 and its core promise ...

5 Marras 20211min

Yield Farming - or how to generate passive crypto income - Crypto in Plain English – Episode 28 - by cryptohunt.it

Yield Farming - or how to generate passive crypto income - Crypto in Plain English – Episode 28 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today we explain what Yield Farming is or how to generate passive income with crypto. Yield farming i...

4 Marras 20211min

What the heck is staking? - Crypto in Plain English – Episode 27 - by cryptohunt.it

What the heck is staking? - Crypto in Plain English – Episode 27 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: What the heck is staking? Staking is the process of locking up tokens you own within a blockch...

3 Marras 20211min

What is a Liquidity Pool? - Crypto in Plain English – Episode 26 - by cryptohunt.it

What is a Liquidity Pool? - Crypto in Plain English – Episode 26 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: We explain liquidity pools. If you want to exchange one token for another, you have to have a ...

2 Marras 20211min

How does swapping tokens actually work? - Crypto in Plain English – Episode 25 - by cryptohunt.it

How does swapping tokens actually work? - Crypto in Plain English – Episode 25 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: How you exchange one token for another. Let’s say you own a significant amount of one coin, an...

1 Marras 20211min

What is a dApp? - Crypto in Plain English – Episode 24 - by cryptohunt.it

What is a dApp? - Crypto in Plain English – Episode 24 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we explain dApps (“d-a-p-p-s”), short for decentralized apps. Unlike traditional apps that run...

29 Loka 20211min

What is a blockchain? - Crypto in Plain English – Episode 23 - by cryptohunt.it

What is a blockchain? - Crypto in Plain English – Episode 23 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we’ll explain what blockchains are. Blockchains are the underlying concept of all cryptocurren...

28 Loka 20211min

What’s the difference between crypto and credit card payments? - Crypto in Plain English – Episode 22 - by cryptohunt.it

What’s the difference between crypto and credit card payments? - Crypto in Plain English – Episode 22 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. You’ve probably asked yourself - now that you understand crypto, how does “old school” credit card mo...

27 Loka 20211min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
rss-rahamania
herrasmieshakkerit
ostan-asuntoja-podcast
rss-lahtijat
rss-sami-miettinen-neuvottelija
rahapuhetta
rss-sisalto-kuntoon
inderespodi
leadcast
rss-laakispodi
rss-seuraava-potilas
timanttia-hiomassa
rss-juurisyy-johtamisesta-kilpailuetua
rss-vaikuttavan-opettajan-vierella
rss-porssipodi
rss-johtoajatuksia