When we talk about the cryptocurrency market as a whole, Bitcoin always seems to take the center stage. Since its development in 2009, Bitcoin has been the most frequently used digital currency among the traders around the world till date.
As a result, a significant number of traders seem to overlook the activities associated with the rest of the eighteen hundred cryptocurrencies, more commonly known as altcoins or alternative coins. Among these altcoins, Ripple is majorly familiar to the investors for the stability it provides and for the convenience of using its technologically advanced network.
Here, a few aspects of this ingenious digital currency will be discussed. Ripple’s Introduction to Cryptocurrency Market: Ripple basically refers to a real-time gross settlement (RTGS) system developed by a company of the same name.
The Ripple Company, based in San Francisco, at first developed Ripple as an efficient remittance network as well as a currency exchange. The main purpose of introducing Ripple to the market was to offer an instantaneous transaction facility to its users spread across the globe.
The focus was also on providing an impregnably secured system so that the users can rely on the system without any major concern. Ripple was first released as Ripple Transaction Protocol (RTXP) in 2012. Read more from globalcoinreport.com…
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