Ripple coin(XRP)

Ripple coin is a peer-to-peer cryptocurrency developed to work effortlessly with the Internet to allow a quicker, direct and a more secure way to make payments on the internet.ripple coin is designed on distributed open source protocol, consensus ledger and its own native currency is known as XRP.

Ripple coin was first executed a web developer called Ryan Fugger in 2004. In the following year, he started building Ripplepay which was a financial service that provides a more secure payment alternative to users of the online community through a global network. This lead to the creation of it own digital currency (XRP) in 2011. The XRP was designed to rival Bitcoin, it system performs more transactions quicker and more efficient than Bitcoin.

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Ripple has a protocol system known as ripple transaction protocol also know as RTXP, it was developed to ensure a more efficient and enhanced payment system, the protocol supports payment with fiat currency, crypto currency, goods, the transactions in this system are validated by the consensus of network users rather than mining like in the Bitcoin network, it causes more trust of banks and payment networks.

XRP offers alot of advantages and some of these benefit are :

Security : Ripple coin is controlled by series of mathematical algorithms and this programms adhere to fixed protocols that can never be changed or tampered. No involvement of third parties in transaction as the transaction system per to peer so t is more secured and reliable.

Cheap : transactions within the network are very cheap, Every transaction takes a minimal amount of cryptocurrency as a transaction fee. This transaction cost is very low compared to traditional banking and although this cost varies depending on your usage.

Quicker and more efficient transactions: everyone hates delay in transaction as this cause trust issues between buyers and sellers, Ripple coin allows you to finish a transaction in 3 seconds, the speed is the fastest in any cryptocurrency as the nearest cryptocurrency to it in terms of speed completes transaction in 2 mintue. Traditional systems requires days to complete a transaction. Also ripple can handle thousands of transactions in minute and this would be done accurately without making any error, this gives a greater confidence and better business relationship between a buyer and seller.

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