What is Ripple?

What’s up Cryptopeeps? It’s your girl Maria
here to deliver your daily dose of Bitcoin news.
Unlike Bitcoin, Ripple is not only a cryptocurrency but a platform as well.
Its main goal is to move a lot of money all over the world as fast as possible,
through cross-border transactions, as cheaply as possible.
How cheap you ask?
Well, they have a Minimal Internal Transaction Commission.
The only reason why it isn’t free is to prevent Distributed Denial of Service Attacks.
Ripple has the ability to be exchanged to any currency or valuable,
like gold, with a unified minimal commission.
A lot of currencies can’t be directly converted to one another,
so banks have to use the US dollar as a mediator so there’s a double commission during conversion.
Ripple, in this case, acts as the mediator,
like the US dollar, but offers the same service at a cheaper price.
XRP is Ripple’s token.
As you may know, to get bitcoins you need miners.
But with XRP, there’s no need for them.
100 billion tokens were already issued to Ripple back in 2015
while the creators kept 20 billion.
The rest was given to the company to develop liquidity and make improvements.
Unlike Bitcoin and Ethereum,
Ripple does not run on the blockchain,
instead, it has its own called the XRP ledger.
Transactions are validated by a list of trusted nodes authorized by Ripple
so there is no need for proof-of-work.
This patented technology is called the Ripple Protocol Consensus Algorithm.
Quite a mouthful right?
But you can just call it RPCA.
But who do we have to thank for inventing such an innovative way to transfer and convert funds?
In 2013, Jeb McCaleb invited world rank investors to invest in Ripple Labs and thus, Ripple was born!
What crypto do you think we should feature next?
Let us know in the comments section down below!
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And once again, my name is Maria and this is WeTheCryptos.

49 thoughts on “What is Ripple?

  1. I was so dumb, i thought i know everything 😄. When i saw the bell notification, and i saw this video, i was happy. I never heard of that, but now i know. It was a good day 😁.

  2. Hi maria glad to see you again with an awesome video. Its really helpful for beginners. You guys are the one of the best channel providing complete informative videos about cryptocurrency world.

  3. lot of thanks for this concise video on Ripple. even though i wasn't much familiar with this cryptocurrency, it was easy to understand your explanation.

  4. I've finally started becoming confident investing in Bitcoin for a while now and have been looking to expand my portfolio. I had heard of Ripple before but didn't really know much about it. Thanks for explaining it, sounds really interesting. Gonna take a shot and invest in some, I think it could break out and become a leader in the field for sure. Hope you make more videos like this for other less heard of cryptocurrencies!

  5. I am so glad to be your channel's follower- always learning interesting facts about cryptos and the most up-to-date tendencies on the market

  6. Very intelligent video. Something newer and more beautiful. With great respect, I follow your work and really give a great deal of attention.

  7. Hey, if it's my first time they talk to me about XRP, and I think it's excellent that they continue to guide us on cryptocurrencies, your information helps me to have more knowledge in this crypto world. I follow you and I support you. I recommend it to my friends.

  8. What a great video, as far as i know, Ripple as a cryptocurrency (XRP) `The Ripple Network can be used for ANY type of currency or asset that Ripple gateways are willing to accept. XRP is the native currency used on the Ripple system. … Ripple is designed to set the transaction fee dynamically based on demand as an anti-spam measure.

  9. Another great video about the new currency the so called ripple that is going to be the next bitcoin like success!

  10. Excellent content nicely explained by Maria. Thank you for this! Can't wait to see more informational videos from this channel!

  11. Wow, this is like a new world! Thanks for sharing this amazing information with us! The best video I've seen about Ripple

  12. If you had heard all about the XRP, but you give us the best, we, who are starting in this world of cryptography, it is great to have your videos. All these basic concepts to continue learning more. I recommend it.

  13. I'm sure that XRP in the future is going to be an important protocol layer of the internet. Its going to be the New Internet Of Value. Its a really good time to invest in xrp before price gets too high.

  14. Its really helpful for beginners also learning interesting facts about cryptos and the most up-to-date tendencies on the market

  15. Excellent presentation by you maria. I can easily follow you and understandable. Thanks a lot for sharing the knowledge about ripple xrp in cryptocurrency.

  16. What a quite interesting video I've found! I am so glad to be your channel's follower – always learning interesting facts about cryptos and the most up-to-date tendencies on the market. Thanks for sharing this with us! I'll be looking forward to watch your next videos.

  17. I love the channel of WeTheCryptos because all the information and videos are of great quality and of great interest, they have helped me to understand many things especially in everything related to cryptocurrencies. As well as interviews to many experts on the subject

  18. Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company.

  19. Sounds Good!! It's an amazing and raising cryptocurrency which doesn't depends on block-chain. It has self authorised nodes that make this unique and enable for faster transaction process. Stay tuned for more about cryptos.

  20. If you can exchange any currency and transactions have this pretty low cost, well sounds as a "good catch" for me.. I think XRP could be a good token to invest on Ripple! Thumb up!

  21. Thanks for the video, the explanation is meaningful and simple. I heard of XRP and Ripple before but I never bothered to find out more. This is so useful, so thanks a lot again!

  22. Always your explanations are very good, and this about ripple is also very interesting, thanks for these interesting details.

  23. A clear explanation about ripple which not only a cryptocurrency but also a flatfrom as well, although it has a minimal unified commission. I am looking forward more info about ripple in your daily dose of bitcoin news.

  24. It is good to find this kind of informative videos that expand a bit more on the subject of cryptocurrencies, thanks for this contribution

  25. Thank you for this video and informations about Ripple always learning interesting facts about cryptos I regularly follow your channel and enjoy your videos

  26. Hi Maria, thanks for the information, it is quite detailed, it helped me to better understand what is the XRP, I am fond of cryptocurrencies and I had not bought XRP, with your video I decided to try it. regards

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