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When the ledger was developed in , the developers placed a cap of billion XRP on the token and gave 80 billion of them to a company now known as Ripple , which used them to develop a fast and global payment system. However, XRP is primarily meant to serve as a settlement layer—the payment method—for international banking transactions, but it is treated also as a cryptocurrency by the community.
XRP functions as a sort of informal money transfer network based on blockchain technology. Ripple states that its XRP Ledger platform can settle transactions in three to five seconds. The XRP consensus algorithm relies on trusted sub-networks—networks that are part of a larger validator node spread across geographies—to reach a consensus on transactions. This design aims to produce a consensus mechanism that a limited group of bank-owned servers can operate to confirm XRP transactions.
How to Invest in Ripple XRP While XRP wasn't originally designed to be a security, derivative, or currency, it is possible to use it as an investment because it is traded on several exchanges. One of the current cryptocurrency strategies investors use is buying and holding it as a long-term investment while waiting for it to increase in value. You can also use it as a short-term investment or for day-trading, where you'd buy and sell it the way traders buy and sell stocks quickly to take advantage of small price changes throughout a day.
Cryptocurrency exchanges are open 24 hours a day, seven days a week, so if you prefer to trade this way, you can do it at any time. I was robbed of 11, XRP. My cold wallet is empty except for the 20 mandatory XRP I used to activate the cold wallet. My two Ripple hot wallet, which were active in the same App, were untouched. Seems like an inside job because I have absolutely no idea how they gained possession of my secret and pass phrase, both of which are needed to restore my cold wallet.
Also, why would they leave my hot wallets untouched? They made me whole again. Thank goodness. Developer Response , Thanks for the update of the rating, and we're happy to have been able to help! Yes it works!
Look maybe you all or making the mistake and using that marketplace area where you pay a higher per coin price using PayPal do not do that.


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