The market enthusiasm about Ripple and XRP has achieved a fever pitch, and normally, individuals have inquiries regarding the organization, the advanced resource, how it's utilized and where to get it. So as to clear up any confusions about Ripple and XRP, we've distributed responses to nine of the most every now and again made inquiries that the Ripple group has gotten. This rundown will be refreshed consistently as news and new improvements unfurl.
1- Can Ripple create more XRP?
No. Ripple the company didn’t create XRP; 100 billion XRP was created before the company was formed, and after Ripple was founded, the creators of XRP gifted a substantial amount of XRP to the company.
2- Does the price volatility of XRP impact whether financial institutions adopt xRapid?
No. Ripple has a stable cache of financial institutions that are interested in piloting xRapid. Financial institutions who use xRapid don’t need to hold XRP for an extended period of time. What’s more, XRP settles in three to five seconds, which means financial institutions are exposed to limited volatility during the course of the transaction.
3- . Which wallet should I use?
Ripple does not endorse, recommend, or make any representations with respect to digital wallets. It’s advisable to always conduct your own due diligence before trusting money to any third party or third-party technology.
4- How secure is XRP? Do I have to use exchanges?
The XRP Ledger is where XRP transactions occur and are recorded. The software that maintains the Ledger is open source and executes continually on a distributed network of servers operated by a variety of organizations. It’s an open-source code base that actively develops and maintains the ledger. Since XRP Ledger’s inception, we’ve worked to make the Ledger more resilient and resistant to a single point of failure through decentralization, a process that continues today.
5- Can Ripple freeze XRP transactions? Are they able to view or monitor transactions?
No one can freeze XRP, including Ripple. All transactions on XRP Ledger are publicly viewable.