A Detailed Explanation Of Ripple Wallet Part3

jueco (76)in Tron Fan Club • last year

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Hello crypto friends,

It is a wonderful opportunity to come before you all today to discuss on an issue of great importance.

I believe you are all doing perfectly and you are enjoying your activities in the community.

It is a new day and I am here to discuss with you on an important issue in the cryptospace.

We have been discussing specifically about ripple wallet, however we haven't been able to conclude our lessons on ripple wallet.

Today, we shall learning some important things about ripple wallet, please stay tuned.

HOW RIPPLE WALLET WORKS

There are different ways in which ripple wallet works and we shall examine some of them now

KEY GENERATION:

When a user downloads a ripple wallet software, a pair of cryptographic keys is being generated by the wallet, and this keys are the private and public keys.

The private keys are keys used in verifying transactions, and they are usually kept away from the public as they can be used to send funds out of an account.

The public keys on the other hand are keys that are made available to the public as they can be used to receive xrp token into an account.

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SENDING XRP:

Another function if ripple wallet is that it plays a huge role in the sending of xrp tokens.

Once a user have verified himself on his account and have made a deposit into his wallet, he would be allowed to send xrp tokens across different devices.

He can send to a multi-currency wallet or a single-currency wallet, provided he has he private keys saved.

RECEIVING XRP:

Another function of ripple wallet is that, it doesn't only send out xrp tokens but it also receive xrp from several wallet.

It receives xrp tokens from wallet types that supports the use of xrp tokens.

A user sends his public keys to the other wallet and the tokens are sent to his public keys, these keys serves as his wallet address, and any xrp token deposited to the wallet will be received by him.