What is the relationship between Ripple xrp and Ripple xag

1 What is Ripple XRP

Introduction: A protocol currency issued by Ripple, the base currency of Ripple network, it can circulate in the entire Ripple network. The number is 100 billion, and it gradually decreases with the increase of transactions. Ripple is the only common currency in the ripple system, which is different from other currencies in the ripple system. The operating company of Ripple is RippleLabs (formerly OpenCoin).
Issue time: 2011
Maximum supply: 100,000,000,000XRP
Current total circulation: 39,029,011,631XRP
Transaction volume share: currently accounts for the largest share of the cryptocurrency market 10.1%.
Market value: $44, 270, 765, 264

2 What currency is xrp

xrp generally refers to Ripple, which is the base currency of the Ripple network , it can circulate in the entire ripple network, the total amount is 100 billion, and it gradually decreases with the increase of transactions. The operating company of Ripple is Ripple Labs (its predecessor is OpenCoin).

Warm reminder:
1. This information does not constitute any investment advice. Investors should not use such information to replace their independent judgment or make decisions only based on such information. It does not constitute any investment advice. buying and selling operations.
2. Before you make any investment, you should ensure that you fully understand the investment nature of the product and the risks involved, and after you have a detailed understanding and careful evaluation of the product, you should independently judge whether to participate in the transaction.
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⑶ What is ripple Ripple is the world’s first open payment network. Through this payment network, you can transfer any currency, including USD, EUR, RMB, JPY or Bitcoin. It is easy and fast, the transaction confirmation is completed within a few seconds, the transaction fee is low, and there is no cross-border and cross-border payment fees. Ripple is an open source peer-to-peer payment network that allows you to easily, cheaply and securely transfer your money to anyone on the Internet, no matter where in the world. Because Ripple is a p2p software, without any individual, company, or government control, anyone can create a ripple account for free.
The ripple payment network transmits credit, called Ripple Credits, also known as XRP, and some people call it Renpin. Ripple issued a total of 100 billion XRP. XRP is currently accurate to 6 decimal places. The smallest unit is called a drop. 1,000,000 drops are equal to 1 XRP, 1XRP = 1,000,000 dXRP.

⑷ What is Ripple, which company issued it, what is going on in detail

The central bank has not issued any virtual currency.
Other institutions issued are illegal and not protected by law.

⑸ Is xrp Ripple worth investing?

Ripple has the same nature as Bitcoin. It is a virtual currency. One day the big boss made enough money and sold off a lot. At that time, it was basically the same as waste paper. Investment is risky, and you need to be cautious when buying virtual currency.

A good trading platform is supervised and managed by banks. Just like the supervision of FSP and NFA, the realm where client funds are deposited by HSBC Hong Kong is undoubtedly reliable and optional.

(5) What is the relationship between Ripple xrp and Ripple xag Extended reading:

Because Ripple labs official I don’t care about the price of Ripple, and I don’t want people to make the price of Ripple rise greatly in the short term through speculation.

So the price fluctuation of Ripple may be smaller than that of other virtual currencies, but in the long run, its price will gradually show up with the development of the ripple protocol, but any investment All are risky, and it is recommended that you invest rationally and make reasonable judgments about their value.

Reference: Network – Ripple

⑹ Xu Zijing What is XRP Ripple

What is Ripple? Ripple is a virtual currency issued by OpenCoin, called RippleCredits, also known as XRP, and the Chinese name is Ripple. Ripple is the first open payment network in the world. Through this payment network, you can transfer any currency. It is easy and fast. The transaction confirmation is completed within a few seconds, and the transaction fee is almost zero. cost. The Ripple open payment system is a virtual currency network (a distributed P2P clearing network) and a future electronic payment platform.

⑺ Ripple’s relationship with Ripple (XRP)

In the early days of Ripple network development, there were not many users, and it was only popular in a few The reason is that the original design idea of ​​the Ripple protocol is based on acquaintances.� and chain of trust. If a person wants to use the Ripple network for remittance or loan, the premise is that the payee and payer in the network must be friends (establishing a trust relationship with each other), or have mutual friends (a chain of trust is formed through the transmission of friends), otherwise it is impossible. A chain of trust is established between the user and other users, and transfers cannot be performed.
The situation changed with the establishment of OpenCoin.
Chris Larson and Jed Mike Caleb co-founded Opencoin in San Francisco in 2012, took over Ripple, formed Ripple Labs, and began to build this “future payment” in their eyes platform.
Public information shows that the new version of the Ripple network in 2013 introduced two measures to solve the problem of isolated small circles.
One is to launch Ripple, XRP, as the basic currency of the Ripple network, just like Bitcoin, it can circulate freely in the entire Ripple network without being limited to the circle of acquaintances. Ripple is a tool within the network, it has two functions, one is to prevent spam request attacks (due to the open source nature of the Ripple protocol, malicious attackers can create a large number of “spam accounts”, leading to network paralysis, in order to avoid this situation , Ripple Labs requires each Ripple account to have at least 20 Ripple coins, and every time a transaction is made, 1/100,000 Ripple coins will be destroyed. This fee is almost negligible for normal traders, but for Malicious attacks, creating massive fake accounts and transaction information, the destroyed Ripple coins will increase exponentially, and the cost will be huge); second, as a bridge currency, it will become an intermediary among various currency exchanges.
The second is the introduction of the gateway system. The gateway is the gate for the entry and exit of funds in the Ripple network. It is similar to the currency deposit and withdrawal and exchange institutions, allowing people to inject or withdraw legal currency and virtual currency from the Ripple network. It can act as a bridge between payment parties, that is, as a “mutual friend” between strangers, which is equivalent to a bank in the SWIFT protocol, which allows transfers other than Ripple to be carried out between strangers.
It should be noted that some people believe that the ripple system, as a brand-new global payment system, undoubtedly has great potential and is likely to subvert the future payment industry, but the general currency on the system – Ripple is not It is optional, because the ripple system without Ripple can still operate normally. This is an obvious mistake. First of all, before 2013, ripple has been without Ripple, and it has been proved that it cannot develop. It is precisely because there are With Ripple, the ripple system has entered a new period of rapid development since 2013; secondly, without such a common currency as Ripple, anyone can trust a fake gateway by establishing many fake accounts, Thus deceiving the system to form a large-scale fake gateway, which is extremely unfavorable to the development of ripple; moreover, the existence of Ripple is equivalent to the lubricant and bridge of the ripple system, which provides great convenience for the liquidity of the ripple system!

⑻ what is xrp

xrp is Ripple, the base currency of the Ripple network, it can circulate in the entire ripple network , the total number is 100 billion, and gradually decreases as the number of transactions increases, Ripple is operated by Ripple Labs (formerly OpenCoin).

Ripple is the only general currency in the ripple system. It is different from other currencies in the ripple system. Other currencies such as CNY and USD cannot be withdrawn across the gateway. In other words, the CNY issued by gateway A is only You can withdraw cash at gateway A. If you want to withdraw cash at gateway B, you must convert it into CNY of gateway B through the pending order function of the ripple system before you can withdraw cash at gateway B.

(8) What is the relationship between Ripple xrp and Ripple xag Extended reading

Ripple allows small businesses to receive customers in seconds of remittances, regardless of where this customer is on the planet. Today, Ripple can transfer money from a consumer’s credit card to a small business’s bank account in just 3 days. This fast payment feature is very helpful in managing the daily cash flow of a business.

Because Ripple’s transfer fees are negligibly low, in order to remain competitive, credit card companies will likely reduce their transfer fees, which will allow smaller companies to spend less on this. Credit card transaction fees are extremely unreasonable for small businesses these days. Large companies can get more concessions, but small companies can’t enjoy the same treatment.

Reference source: Network – Ripple

⑼ Is Ripple Gene a pyramid scheme?

Yes, Ripple Gene is a pyramid scheme.

Three months ago, the Taoist priest wrote an article on the Ripple Consensus Funding Disk “Ripple Consensus Funding Disk, the one who was deceived in the end must not be leeks but speculation. “, now this fundThe disk has also been in the soft running state of “upgrade”. Although the Ripple Consensus capital has gone soft, there are CEC projects under the Ripple banner on the market.

It is said that Ripple Gene and Ripple Coin belong to the same wallet address and the same key. According to this logic, there are so many ERC20 issued on the Ethereum public chain. Is it also possible to “strongly” be developed by the same technology as the Ethereum public chain? In addition to admiring the logic of “strengthening”, they also admire the level of their banners. The shareholders include top investment institutions, consortiums, consortium families or well-known banks. Why not Alibaba, Microsoft, Facebook, Amazon, etc. Write down all those who can be called names.

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