The entire crypto market is been pulling ups and downs recently and a lot of altcoins trying to bleed apart to the red — but seems like they are holding apart for now. Many of the investors and believers of crypto waiting for the 2nd wave to utter by the end of the year, as it happened the last previous year.
Taking our sight on the bigger piece of the cake — the ripple, which in some aspect still believed by many people to be the best crypto asset is really a solidify. And might be the future of the crypto, bring the change to the crypto and the world apart.
This ripple, hidden cryptocoin have a lot of potentials, which is yet to be revealed. Ripple price predictions could be limitless after knowing the potential.
Ripple Can Change The World
Ripple has the potential to prove the fact the crypto mean something to the world — crypto technology has potential in major fields and is willing to change our entire financial system and can improve it from its foundations. That is what it called Ripple is playing for change.
Major banks and financial firms are started using the ripple protocol in their service to improve the banking and financial aspects. They are using cryptocurrency indirectly, which is what use to settle the real-time gross payments. This technology is what going to replace the original wire transfer thing using by the banks with the real-time blockchain technology.
Ripple is aiming to solve the real-life problem, by eliminating the problem of unreliability and slow expensiveness of the today’s transaction that we are using.
But Why Not Ethereum or Bitcoin?
The sad part about the current blockchain coins which are representing the leads in the cryptocurrency is the amount of fees they taking in and the time they take to complete a single transaction.
The worst part of these coins is the transaction time and the transaction fee they take to complete the transactions — sometimes takes the entire day.
There are many cons about the cryptocurrencies we are using these days, the scalability issue, they are not meant for the microtransactions, the network can be clogged by any other party easily and etc.. etc.
This is where ripple and few other coins come in. They say that ripple is “The world’s only enterprise blockchain solution for global payments”, what makes it do that? — It is built upon a distributed open source internet protocol, consensus ledger and decentralize network which is operated by the ripple itself.
Ripple uses it decentralized network to what they say is RippleNet, which helps connecting banks for the digital asset exchange and gives the frictionless experience to send money globally.
Look for ripple official resources
While ripple has this thing for the worlds financial, it too is the only coin being come so far in our financial system and being adopted by the banks and others, is really an achievement.
Investing in the ripple for the long-term could be a good decision after knowing these things. But not for the investment returns only but one should know the technology aspect of the coin too. What the team are willing to do and trying to change for the financial terms. This is important to know that the ripple is just not for the profit but more like the technology pulling the ease of use of crypto to other financial firms.
More for reading
- A Beginner Guide To Understand Cryptocurrency
- 4 Best Wallets For Storing Multi-Cryptocurrencies
- Best Ways To Identify Scam ICO & Get Your Money Back