This is my homework for professor @yohan2on, in the season 2 week 1 of Crypto Academy. I'm really glad I'm able to do Crypto Academy Week - 1 Homework. I will try to complete the regular homework and understand the information given by the professor.

Homework task: Write about any one of the following Altcoins

• Litecoin (LTC)
• Ripple (XRP)
• Binance coin (BNB)

One of the three topics I will discuss Ripple (XRP).

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Introduction of Altcoins and Ripple (XRP)

Altcoin means a brand name. All the cryptocurrencies in the world are called altcoins. There are many types of cryptocurrencies in the world, among which our professor has discussed three special currencies. Because having the concept of Altcoin is very important for everyone because it makes people's lives easier and people have to pay a lot more during many big transactions. Altcoin plays a great role in that.

Ripple is a technology virtual company that allows large amounts to be sent to any country in the world in a very short time at low cost. It is a type of company where they use XRP as their product. XRP on the other hand is a virtual digital capital. Which is considered as a kind of currency of Ripple and it is an open technology. Ripple is usually used by financial institutes. XRP, on the other hand, is a coin whose circulation is increasing day by day as it allows for any type of transfer at very low cost and in a short time.

Price and Market of XRP

When I entered the coindesk website I saw that the current price of XRP is $1.69. Although its current rate is much lower but it always tries to maintain a high position and if you look at its graph you will see that its price is stable in the country and has been in an upward position for a long time. Someone went up more.

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If we look at the key metrics of XRP in 24 hours meanwhile we will see that the lowest price in 24 hours was $ 1.57 and the highest price was $ 1.88 much more stable and upward than others. If we look at it, we see that the maximum price was lower than $ 3.40, which means that it will keep going up, and if we don't because of the transaction, then we can see that there is a news transaction because there is a huge transaction in a very short time. Can at very low cost.

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I sat with xrp's live chat for a long time and tried not to license many things. Now I understand from here that it is going to a stage day by day that one day it will go many times ahead of all other creatures because it is a very fast coin. And users do a lot more transactions through it. Usually when the price goes up when the transaction amount goes up there are some transaction documents next to it.

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Where to buy XRP?

XRP has become a coin that can be easily purchased on almost any major exchange website. You can buy XRP very easily you don't have to suffer so much. You must first create an account on one of the websites Binance, Coinbase, Huobi Global, and Bitfinex, which you can do with your Gmail ID. Then you have to go to the buy option and select xrp then you can easily buy xrp with your credit card.

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Working procedure of XRP

If I want to explain to you how XRP works, it is best to illustrate with an example. Suppose a person sends some amount of money through a bank the amount may be $ 50000 but if he sends money through the bank he wants to send money through then he has to maintain some limitations and give him some time to send money to the bank. In this case, if the limit of the bank is less than the amount of money he will send, then just as it will take more time, the amount of money he will send will cost him more. In this case, if someone is needed, he will be in great danger. On the other hand if someone wants to send $ 100000 and that is through XRP then he does not have to sit for any kind of limitation or think about its cost or think about the time he has in a very short time and in a very difficult time his amount is different. Can send to place. In this case we understand that xrp works extremely fast and achieves complete customer satisfaction. Because the networks in XRP are so strong that they can send any amount in a very short time and with difficulty. Now think about which way you will go.

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Why chose Ripple (XRP)?

The reason for selecting XRP is that anyone can transact more in a very short period of time and the amount of resources spent will be much less so that the customers will benefit and they will benefit by translating in a short time. It is much faster and faster than banks and many other transactions and can send large amounts through a lot of securities. Its security system has been so digitized that it will be impossible for a third party to convert all the transaction messages from infection to description. Because there are many types of security procedures. Another important thing is that one can translate any time any day of the week so that he does not have to catch any kind of serial and does not have to worry about security. Exchange websites will always be committed to support him.

Thank you for reading my homework. Thank you all very much, especially Professor @yohan2on.

Cc :-
@yohan2on

Written by; @msharif