It is first to hold in mind is that Ripple is not only a cryptocurrency, since it is an exchange platform, it seeks to position yourself above bitcoin and become the largest and most used exchange platform in the world, it allows fast and fast transactions. cheap.

It has a platform called Ripplenet that works as an exchange market between banks at an international level, thus giving the possibility of exchanging the XRP currency for fiat money, something like a P2P exchange but directly with the banks, the difference is that it contains contracts with these Bank entities.

The XRP Token

Source

Consensus and protocol the specialty of Ripple

Advantages and disadvantages of RIpple

Advantage

• It has the confidence of banks and contracts with many banking entities, which makes the currency have support and credibility.

• As more banks decide to use XRP, the value of this currency will increase and in recent weeks it has had a significant rise, and specialists indicate that it may be the great competitor of btc.

• It has no inflation. What else can be said about this, it is a wonder we all want to escape from it, rich and poor alike.

Disadvantages

• It is almost a centralized platform, since it has contracts with classic banking entities.

• One of the things that its critics do not like very much is that Ripple is almost a monopoly where more than 50% of the shares are owned by Ripple, something that leaves a lot to say if we talk about cryptocurrencies and their freedom.

• By leaving their source open, many malicious people could find vulnerabilities that affect and put the security of all users at risk, although most cryptocurrency projects are open source, their allies fear that something bad will happen by leaving the code at the mercy of all.

Price and capitalization in the market today.