Cryptocurrency

Ripple XRP discussed – How ripple works & is it much too late to make investments?





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Ripple discussed by David Hay

What is ripple and how does ripple do the job?
Today we are hunting at the world’s third most significant cryptocurrency made in 2012 for use in banking companies and economic institutions. This centralized blockchain has plenty of supporters & opponents so right now I’m heading to dive into the particulars to see what tends to make ripple tick.

What tends to make Ripple so distinctive is it works by using a Centralized permissions primarily based private blockchain. This is the opposite of bitcoin which is Community and decentralized.

An just about free of charge to use actual time actual-time gross settlement procedure. This permits for cross border transactions to be performed instantly. Can do the job on top of present devices or exchange previous devices like swift totally. It consists of handle verification and can comply with every single country’s person banking compliance devices. for case in point us anti income laundering legislation.

Can be employed to trade unique currencies. Thai baht to USD to Venezuelan bolivar

Not a shady engineering hoping to rip people today off. It Addresses a incredibly actual dilemma. Banks are sluggish to update. It permits records can be kept private between a couple people today or public for all people to see and because its centralized a tiny group of people today management it.

Ripple doesn’t collect transaction service fees the way PayPal, banking companies and credit cards do. Nonetheless, it does get “a tiny part of a ripple (equivalent to ~1/a thousandth of a cent)” from every single transaction. That volume is wrecked rather than retained. The deduction is meant as to safeguard in opposition to the procedure staying swamped by any one particular person who may consider to set by means of millions of transactions at once.

, can tackle one thousand transaction per next with no latency, it works on top of present lender platform. Can make processing payments much cheaper for banking companies which should preserve the customer income

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27 comments

  1. Nice overview quite informative. Hopefully in the future people commenting on crypto have suit and tie on …

    Reply
  2. what qualifications do you have?

    Reply
  3. I like your videos but your editing is making me seasick. Smooth out your transitions

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  5. Ripple Explained with David Schwartz, Chief Cryptographer of Ripple Labs

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  6. Thank you for the insightful breakdown 🙂

    Reply
  7. Fuck your plants, your dog and America. Lol just kidding! 1 of the 3 are pretty awesome

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  9. Plz increase voice.
    Thanks

    Reply
  10. Please fix your audio! I like your videos but the volume of your voice is pretty low on a lot of my devices

    Reply
  11. Did I finally win? Love your content, thanks for giving back. Unlink typical youtube w * hore s.
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  12. Where do u store Ripple

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  13. So where do u store ripple since exodus, trezor and ledger doesn't accept it yet, where do u put it !???

    Reply
  14. rDDexXxXZg3yjn2FScQiSuAFfx8XfDYutJ

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  15. Most of the people beating down on Ripple, probably still have a bank account that would benefit from Ripple.

    Reply
  16. That salute at the end was despicable

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  17. I would love to see you do an updated video on XRP following the recent Swell conference. While it was perceived as underwhelming, I thought Bernanke’s take on cryptos such as XRP, and Ripple’s partnering with the Gates Foundation, point to a bright future for Ripple/XRP. Any thoughts?

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  18. Your making it in plain language that people like me can understand, your the man I want to listen to, great job.
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  19. lol I love the ending!

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  20. Cant hear u speak up

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  21. OMG, "created by BANKS, based on a PRIVATE BLOCKCHAIN that is PERMISSION BASED and CENTRALIZED."

    Oh goodie. I want that one because I like corrupted people being in charge of my money and controlling me. I stopped watching this video. I keep hearing how kuntz like Ben Bernanke hate cryptos but likes (C)ripple.

    Before you buy Cripple try to educate yourself on what bitcoin is and compare that to the first sentence of my post.

    Reply
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  23. Have you ever watch tosh.O? Lol

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  24. How will Ripple compete with Bitcoin & Ethereum when XRP use is next to nothing…

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  25. David you're great. I wanna suck you off!!

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  26. excellent content,cheesy videos!

    Reply
  27. Guys…WHAT THE HELL !!! I googled that Ripple staff, it sounds AWESOME !
    I'm not going to buy expensive Bitcoins I think buying "XRP" when it's cheap is smarter.
    I completely revise my position, my Crypto horses are now Ripple, Ethereum & Monero…

    Reply

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