Technology-wise, Ripple (XRP) is a cryptocurrencey. It’s clear and no one can take that away from them. Ideologically-wise they are not, because it is centralized and controlled by banking institutions, and this is not what cryptos set out to be in the first place. That being said, for what’s worth, it would be good to have a “case study” of what a centralized coin looks like and how well they perform. More and more cryptos may become centralized in the future; ideological values can, and will change in some scenarios.
Topic: Is Ripple a true Cryptocurrency? (Read 375 times)
Ripple is a token and I believe that it will support and make bank's work much easy in future so Ripple is true.
You become a Full Member and yet you don't know that Ripple is not a token? It is a coin. A cryptocurrency wherein more than 7o% of it were owned by the banks. It is said to be centralized. I suggest that you should read more about altcoins.
Crypto currency is centralised one but Ripple is de centralised 70% owned by Banks.
Ripple is a token and I believe that it will support and make bank's work much easy in future so Ripple is true.
Yes.
They provide a cryptographic means for two people to exchange values. This is the essence of a Cryptocurrency. Of course, decentralization is a very important thing for a currency to be successful. But it is not essential when considering whether or not something is encrypted.
They provide a cryptographic means for two people to exchange values. This is the essence of a Cryptocurrency. Of course, decentralization is a very important thing for a currency to be successful. But it is not essential when considering whether or not something is encrypted.
I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
I never consider XRP as crypto currency for:
1- they are centerlized
2- their admins from banking network
3- they hold some of your money as seed.
there are so many crypto currencies like ETH and NEO, u can use them.
Ripple has high volume on exchanges. This is most important. I dont care it is a true cryto or not,hehe.
Why not? Of course ripple is a cryptocurrency and it is one of the most useful and famous crypto now, the marketcap of ripple is the top 3 right now.
If we should research more about how ripple community now gathered more demands, difinitely we can't question how legit this currency is. Being informative will give us confidence that the investments with ripple is worth an assurance. Being a part of its community, many will have an interest due to its popularity right now and that top 3 of ripple in the marketcap is the great proof.
I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
I don't think that the ripple are cryptocurrency. We know that the cryptocurrency are the digital coins or online coins that no one can manipulate or no one can control it. But we know, the ripple is manipulated by banks. They create a coin that have an earnings to them. Although it have a good performance in the market.
I think Ripple can not be classified or said to be the correct crypto because it is not independent. It has central control over the banking industry. Though the idea is a cashless transaction.
yes it is. if you see ripple on some other crypto-currency exchange, meaning it is belong to crypto-currency. even it is not a decentralized one, ripple classified as crypto-currency.
Ripple is not a true crypto currency because it is controlled by a company meaning unlike bitcoin it is not decentralized. Ripples aim is to settle a cross border payments faster and cheap. Since it is controlled by a company it can not be called a true crypto because crypto currency operates independently and doesn't need a third party to operate.
I envision a world that is environmentally friendly through global adoption and growth
share and circle.
share and circle.
Ripple is a currency that many banks are using but it is not in line with the vision of satoshi which was decentralized cryptocurrencies. It is not a true cryptocurrency but it uses crypto technology.
I agree with you. It is a bluechip, Maybe the bottom is made. I hope that it hits $3 in 3 months.
Ripple is a currency that many banks are using but it is not in line with the vision of satoshi which was decentralized cryptocurrencies. It is not a true cryptocurrency but it uses crypto technology.
Why not? Of course ripple is a cryptocurrency and it is one of the most useful and famous crypto now, the marketcap of ripple is the top 3 right now.
I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
Cryptocurrency is a digital currency that used in the internet or online to buy things and negotiations make faster. So if this is used,then it is a cryptocurrency. Yeah.for me ripple is a cryptocurrency too. Because it is an online momey it is only different in creation and other that this cryptos are in centralized
I would say no, because Ripple is missing one of the main criterion of cryptocurrencies which is decentralization.
What is Ripple? Technically speaking, is Ripple a cryptocurrency in the mold of Bitcoin? The short answer is probably “no,” but that doesn’t stop it from often being lumped into that same category.
Originally released in 2012 as a subsequent iteration of Ripplepay, Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network. Using a common ledger that is managed by a network of independently validating servers that constantly compare transaction records, Ripple doesn't rely on the energy and computing intensive proof-of-work used by Bitcoin. Ripple is based on a shared public database that makes use of a consensus process between those validating servers to ensure integrity. Those validating servers can belong to anyone, from individuals to banks.
Originally released in 2012 as a subsequent iteration of Ripplepay, Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network. Using a common ledger that is managed by a network of independently validating servers that constantly compare transaction records, Ripple doesn't rely on the energy and computing intensive proof-of-work used by Bitcoin. Ripple is based on a shared public database that makes use of a consensus process between those validating servers to ensure integrity. Those validating servers can belong to anyone, from individuals to banks.
I guess that the question should be what is a cryptocurrency, so here we go, what makes something a crypto or not a crypto?
Not all cryptocurrencies are decentralized, some of them are centralized like ripple. Ripple is still classified as cryptocurrency, but the way it was developed and operates are different from other cryptocurrencies. It is built upon the idea of distributed ledger which requires parties to participate in validating transactions rather than any singular and centralized authority. So ripple is more centralized cryptocurrency in a decentralized space.
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