Some facts about Ripple blockchain

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Greetings to you all!

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Ripple was a blockchain which was founded in 2012 which was based upon payment network which was designed for faster, safest and lowest cost cross border transactions. It was first focused at international payments but has spread to other use cases. Ripple blockchain distributed ledger used for enabling real-time settlements which cause reduction in requirement for intermediate entities and fees.

Ripple blockchain boasts interesting feature which include fastest transactions (2-5 seconds), lowest fee (mostly transaction fees is 0.00001 XRP), scalability (mostly handle 1,500 transaction each second)and energy performance. Ripple consensus algorithm instead of proof-of-work may give surety of safest and efficient transactions. Partnerships that have more than 200 financial institutes all over the world increase its reach.

XRP is basically native cryptocurrency of Ripple blockchain which has maximum supply of 100 billion. XRP cryptocurrency value works without dependency at Ripple performance.When I talk more about Ripple then RippleNet is a network of banks, financial institutes and payment providers which gives surety of enabling cross-border payments, provisions of providing more liquidity. Participants may get profit from lowest transaction costs, enhanced efficiency and enhanced reach.

Ripple blockchain use cases increase beyond cross-border payments which include liquidity provision, micropayments and CBDCs (Central Bank Digital Currencies). Future planing may include increasing RippleNet partnership which in turn is useful for increasing XRP cryptocurrency usage and for development of decentralized finance application.

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Ripple blockchain gives more priority to regulatory compliance, adherence to anti-money laundering and know-your-customer regulations and registration with US financial crimes enforcement network.Irrespective if some of these controversies like SEC lawsuit about XRP cryptocurrency status about safety and centralized concerns, Ripple blockchain id continuing to pioneer new developmental blockchain based payment solutions.

In conclusion of this post I can say that I tried my best to explain about Ripple blockchain basics and introduction and then I tried my best place about blockchain scalability,efficiency and performance. After that I talk about this blockchain native which was XPR and then discussed some of priorities and use cases.It was really easy to understand for everyone hopefully.

Have a blessed day