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Ripple rate (XRP)

Ripple has conquered the world of digital currencies, promising a rapid transaction system, minimal costs and freedom from monopolistic banking systems. Does he fulfill this promise? The results speak for themselves. The RTXP payment protocol is accepted by increasingly large financial and technological institutions, and digital currency exchanges take XRP transaction pairs with wide open arms.

Seeing the drastic increases in the Ripple rate, the neophytes of the cryptocurrency market often wonder: "Is it worth investing in Ripple/Bitcoin? What if XRP will replace BTC? " There are two messages - good and bad. The good thing is that both digital currencies are stable and supported by engaged community, and none should, in principle, "displace" the other, because their functions differ radically. The bad news is that, like in the case of securities or traditional currencies, fiat, every investment carries a risk, and exchanges of digital currency are a new, somewhat unknown market. Despite adjustments, forks and the FUDs (Fear, Uncertainty, Doubt) disseminated by the media, institutions and greedy investors, both digital currencies maintain a surprisingly stable growth curve in the long term.

In order to fully understand what makes the XRP/BTC rate one of the most profitable and attractive on the market, it should explained what it is and also how XRTP works. Although Ripple seen on digital currency exchanges takes the form of an XRP token, in reality it is only part of a larger system launched in 2012 by Ripple Labs, Inc. - a digital RTXP (Ripple Transaction Protocol) payment protocol. The Ripple financial platform is a response to outdated banking systems, which (in their current form) can not be modified because it would involve huge economic costs. By optimizing the possibilities of blockchain technology and learning from the mistakes made by the FinTech - Bitcoin pioneer - the Ripple protocol offers transaction capacity comparable to giants of the market like Visa or American Express. It would not be amazing, just another system of electronic funds transfer, if not for the radical differences resulting from the decentralized nature of the peer-to-peer network.

It is almost ironic that the system displacing the "outdated" banking is inspired by the scheme of currency transfers originating from the Middle Ages Arabia. The method has been improved by applying the latest technologies. The broker agents were replaced with digital payment gateways, and the transaction passwords of participants by cryptography. The principle, however, remains the same: the system is based on trust, and transfers can take place in any currencies and goods. In ancient times, if the person Y demanded payment in gold, and the person X had only the currency fiat, it was possible to pay X by the equivalent in cash and then payment was made in gold, if the broker agent on the Y side had gold. Ripple protocole solves the resource shortage problem by introducing a smooth XRP currency that is inseparable from the RTXP platform. Using the Ripple (XRP) rate, the gates can perform internal transactions until a consensus is obtained.

In practice, this means that every transaction, on the XRP/BTC exchange, or in a private currency transfer from Georgian lari to Azerbaijani manatees, will be closed with accuracy to drop, satoshi, penny and cent. It is enough that there is a payment gate operating on the selected XRP rate, and the appropriate number of users in the RTXP network will confirm that the gateway servicing the given digital currency or Fiat is reliable. After obtaining an unambiguous response, the transaction is posted in the consensus book. Although the path that Bitcoin can be send through before the payment is made can be complicated, the time of the entire transaction is within 4 seconds. Impressive? The Ripple protocol is ready to carry out and post 1500 transactions in one second. This is an outstanding advantage over the system offered even by Visa Inc. 50 thousand transactions per second is losing importance, when currency transfers last from 3 to 5 business days due to centralization and legal restrictions.

It is no wonder that even the first digital currency - Bitcoin, which solves numerous problems of traditional banking, limiting the transaction time to just over an hour, has achieved huge commercial success. Ripple is only newer, optimized for the speed of transactions currency. While BTC, or even its creator, under the pseudonym Satoshi Nakamoto, relied on the influence of banks and institutions, RTXP decided to endorse their influence, putting on assimilation and consensus. Thanks to the use of a consensus book, digital currency exchanges and companies using Ripple services, they create a transaction system that the largest economists have not dreamed about yet.

As of April 4 2018, Ripple was the third largest digital currency thanks to market capitalization of 22.01 billion USD. This is twice the value of the previous year, which means that XRP obtains faster and more stable growths than the Ethereum (ETH) placed on the second position. He is far from Bitcoin, who has since tripled the capitalization market. However, the prognosis shows that Ripple is one of the fastest growing digital currencies in the coming years, and the XRP/BTC exchange every day attracts new investors who are looking for stability on the constantly fluctuating market of digital currencies.

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