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Ripple could be a distributed payment system that uses identical cryptocurrency (XRP) because the internal payment unit.
First of all, we want to clarify that Ripple isn't a Bitcoin clone and Ripple technology is predicated on a very completely different thought, known as the “principle of trust”.
XRP is analogous to BTC:
Ripple is split dead set an outsized range of decimal places.
It is additionally simply transmitted in electronic kind and has high science stability.
It is interchangeable and consistent.
XRP additionally has blessings over BTC:
Transactions within the network ar a lot of quicker.
Ripple has some intrinsic price, since it permits you to conduct transactions.
Ripple coins ar deflationary, as they're destroyed by the network once the dealing is distributed, that the total range of XRPs decreases over time.
As of 2017, Ripple is stratified the fourth cryptocurrency in terms of market capitalisation, second solely to Bitcoin and Ephereum.
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