Summary
Ripple has long been tied to other big cryptos (BTC, ETH) but with this bear market may deserve its own and distinct classification.
Its road to value is different than the others; and it’s been making interesting strides to achieve this.
At 25 cents per XRP-USD, there’s a compelling long-term case for interested parties to think about buying XRP.
Ripple (XRP-USD) has been a controversial cryptocurrency—some wouldn’t even call it that—since its inception. While it’s been listed alongside Bitcoin and Ethereum since these things were tracked, it differs greatly from its listing peers on there. Still, the 2018 market has done to Ripple’s XRP coin what it has done to all other coins.
The question we want to ask is if Ripple will make a case for itself—from an investing standpoint—that separates it from the other coins, and allows its price to function as a representation of its technology, not for the market at large.
The Basics
Ripple is a distributed network meaning that peer-to-peer instantaneous transactions occurring across the network are certified by ways of multiple and varied “nodes”. This helps the network say resilient to risk.
Ripple is largely known for its digital payment protocol as well its cryptocurrency, XRP-USD. The cryptocurrency operates on an open source and peer-to-peer decentralized platform that allows for a seamless transfer of currency in any form. Let’s describe it in details.
· “XRP” describes the currency (investors can hold XRP directly).
· “RTXP” describes the protocol, or the underlying technology.
· “Ripple network” describes the network that runs the protocol.
· “Ripple” describes the company behind the technology.
Ripple uses a medium known as ‘Gateway’ that acts as the link in the trust chain between two parties who wants to make a transaction. Gateway acts as the credit intermediary that receives and sends currencies to public addresses over the Ripple network. Users can register and open a gateway which authorizes the registrant to act as the middleman for exchanging currencies, maintain liquidity, and transferring payments on the network.