Ripple is a company.
Ripple created a crypto currency called xrp.
Ripple designed that currency to target the cross border payments market to help revolutionize banking.
Ripple holds 55 billion of the 100 billion supply of xrp to be sold to banks as demand rises.
Ripple locked 55 billion xrp into smart contracts that only allow a maximum 1 billion xrp to be sold per month. Max 12billion per year. Roughly 12% inflation rate, if they sell the entire billion each month. If they do, it means demand is far outweighing the supply, making this inflation negligible.
Ripple puts the remaining unsold portion of that 1 billion xrp, back into a new smart contract, locked away for 55 more months before it can be touched again. So any unsold xrp at the end of each month, gets locked away for 55 more months, meaning, it will take decades for the entire supply of xrp to go live in circulation.
Ripple allows others to create validators on the network, thus, making xrp a decentralized crypto currency, even more so than bitcoin, as bitcoin is centralized by miners. With many people running xrp validators, no authority can shut down the xrp network. Even if ripple goes bankrupt.
Ripple and xrp are related, but not tied to each other. The success of one, does not equate success of the other. However, Ripple has been successful teaming up with banks. And xrp saves banks money and makes it easier for them to innovate and change banking as we know it. A much needed overhaul for the banking system. Banks will use xrp for the savings alone.
XRP is decentralized, and growing that decentralization, every day.
XRP has a finite supply, and small amounts get burnt with every transaction, thus, reducing supply over time.
XRP scales faster than most, if not all other crypto currencies. with end to end settlement occuring in 3 seconds.
XRP has micro fees, unlike bitcoin.
XRP is the only crypto positioned to be mass adopted by the legal world.
XRP is a bridge to every other currency that exists on the planet through the interledger protocol. Atomic swaps is one thing, but any fiat to crypto pair, or fiat to fiat pair, or crypto to crypto is possible with ILP. Making XRP well positioned in emerging markets.
XRP has none of the issues bitcoin or ethereum is facing, and is ready for mass adoption today, without any upgrades necessary.
XRP is not centralized.
XRP is not bank controlled.
XRP is not a scam.
XRP does not go against what crypto stands for.
XRP is the crypto that will bring all crypto to mass adoption.
XRP is the best positioned crypto currency out of all of them.
XRP is tapping into the largest industry of any other crypto, 150 trillion dollars a year.
But go ahead... please continue the FUD
Thanks for the work here! Nice
But we need a cheatsheet lol a graphic that can be posted everytime a retard appears.
It would drive them crazy haha