What is the ripple?
The surge is the name of a paypal network that is transferred for a monetary unit (XRP) and currency. It is a distributed, open source, beta payment system. According to Web sites, the goal of the system is to help people get rid of the "walled gardens" of their financial networks. Here is the intention from the walls; PayPal and other institutions, currency exchange costs and transaction delays.
What does Ripple do?
According to the company behind it, OpenCoin predicts that the currency will flow freely. The site points to the frustration of a short story and mobility of currency in a blog post that they wrote, and the obstacles to transfer funds and transaction delays and transfers of banks and other institutions. The aim is to improve the decentralized crypto-currency approach determined by BitCoin.
Like bitcoin?
In many respects yes. Like Bitcoin, Ripple's XRP unit can be subtracted from the mathematical formulas in days and numbers. In exchange for two money, one can not transfer the account (peer to peer or P2P) to calculate the need for a pair. And its both counterfeit money's likely against digital security.
How can Ripple benefit BitCoin users?
In addition to offering Bitcoin more ways to connect with users of other currencies, Ripple promises faster transactions and increased stability. A distributed network, Ripple, is not dependent on a single company to manage and secure the transaction database. Therefore, block acknowledgments are not paused and transaction acknowledgments can go through the network rapidly.
Another advantage of using peer-to-peer is that there is no "central point or failure point in the system".
How many Ripples will it be?
The company is finally planning to create 100 billion Ripples. The half will be used for circulation, and the company will hold the half.
XRP 2$ in 2018!
According to the market analysis company Profit Confidential, it is not necessary to be hopeless about Ripple's future. This is a very passionate prediction that the $ 2 target in 2018 that Ripple has already stated is still valid. However, if Ethereum's market value is in a linear uptrend, Ripple will continue to rank 3rd in terms of market value, even if it is $ 2. On the contrary, if the expected rise from Ethereum does not happen, Ripple can even go to 2nd place. In both cases it would be interesting to follow the war of crypto money.