The digital currency is one of the most important and most popular digital currencies in the world, ranking third in terms of liquidity. A company called Open Queen, led by co-founder Chris Larsen, produced the digital currency in 2013 and collected a large number of funds from some major investors and some international companies. Chris Larsen explained that this central company serves the interests of Users on the currency and that the company is on its way to obtain 25% of all the quantities that are located in exchange sites and the alternative distribution of currencies. To get a clearer and easier understanding of the RIppLE coin there are 10 key points that we will show to make the picture better
Ripple is the name of both the digital currency (XRP) and the open payment network through which that currency is transferred. An open source payment system, which is still in the pilot phase. The purpose of the system, according to its Web site, is to enable people to free themselves from financial network restrictions - credit cards, banks, PayPal and other institutions that restrict access to money by paying fees, in addition to currency exchange fees and delays.
According to the company's Open Coin Coin OpenCoin, this digital currency addresses the need to keep money flowing freely. A blog was published by the company titled "The Ripple and the Purpose of Money", in which the company explained a brief history of the money and its portability. Pointing to frustration because of the obstruction of these banks and other institutions for the transfer of funds to impose fees and transactions delays. The purpose of the Ribel coin, he says, is to build a digital currency decentralized to the bitcoin approach, and do so for money as did the advent of the Internet in all forms of information before. "
"Today's payment systems are what e-mail was in the early 1980s. Each provider has built its own system for its customers, because if people use different systems they can easily interact with each other. The Ripple Coinage Network is designed to connect different payment systems to each other. "
-Schwartz also foresaw the prospect of seeing "big companies lose control over the flow of money from other people just as they have lost control of the flow of information after the advent of the Internet."
Who is the team behind the Ripple coin?
OpenCoin is the company that built the Ribble Currency Protocol, which was shared by CEO Chris Larsen and technical president Jed McCaleb. Where the technical president has considerable experience in the digital currency, and came from the company Mt. Gox, which currently holds the majority of bitcoin's deals in the world. While Larsen was an early participant in the founding and leadership of E-LOAN Financial Online. As for the other developers of the Ripple Team, they also have a great background for Bitcoinn and other digital currencies.
-Who is the team behind the Ripple coin?
OpenCoin is the company that built the Ripple Currency Protocol, which was shared by CEO Chris Larsen and technical president Jed McCaleb. Where the technical president has considerable experience in the digital currency, and came from the company Mt. Gox, which currently holds the majority of Pitcin's deals in the world. While Larsen was an early participant in the founding and leadership of E-LOAN Financial Online. As for the other developers of the Ripple Team, they also have a great background for Bitcoin and other digital currencies.
-Is the currency of the ripple similar to that of the Betquin?
In many ways, yes. The XRP is similar to the Betquin coin, in terms of the digital form of the coin based on mathematical formulas, and has a limited number of pieces which eventually makes it capable of mining. Both types of currency can be converted from one account to another (peer-to-peer or P2P) without the need for any third-party intervention. In addition, both currencies provide digital security to protect against counterfeiting.
-Does this mean that the currency of the ripple is a currency that is competitive with the protein?
The location of the ripple coin is a complement to the Betquin coin, rather than a competitor. In fact, the site contains a page from the Ribel to the owners of the Pitkins. The Ripple Network is designed to allow the seamless transfer of any form of currency, whether the dollar, the euro, the pound, the yen or the betcuene. "The Ripple will open many portals for Bitquin users, as well as providing easier ways to connect the Pitcuin with the global trend of finance," said Stephen Thomas, a senior developer of the Ripple Protocol.
-How can Rippel help Pitcairn users?
In addition to giving Bitcoin more ways to connect with those who use other forms of currency, the Rippel promises to accelerate transactions and increase stability. As a distributed network, RIBLE does not rely on a single company to manage and secure the transaction database. As a result, there is no waiting for cluster assertions, so transactions confirmations can pass quickly over the network. Another advantage of peer-to-peer use is the lack of "central target or failure point in the system".
-How many ripple coins will be?
The company plans to create 100 billion riyals in the end. Half of them are due to be released for trading, while the company plans to hold the other half.
-Why was Ripple described as "almost free" instead of completely free?
The ripple does not collect transaction fees in the same way as PayPal, banks and credit cards. However, a very small fraction of each ripple coin (equivalent to ~ 1/1000 cents) is deducted from each transaction. The purpose of this deduction is to protect the system from trying to place millions of transactions at the same time.
-How much is the value of the ripple?
According to the charts, the riyal currency was traded at around 115 per US dollar on May 17, 2013. In early April, the price was around $ 1000 per $ 1, so the value of the currency gained more appreciation
