List of best and high paying Ripple faucet list 2020. Top XRP faucets list to Earn Free XRP – Daily Updated Best XRP Faucet list!
Ripple Wallet :
Ledger nano s (Hardware) (RECOMMEND)
CoinPayments (Desktop/web wallets )
Cryptonator (Desktop/web wallets )
Payment XRP Faucet : Direct
Ripple is a payment protocol and a Crypto Currency created in 2012. Unlike Bitcoin, Ripple transactions are virtually immediate and transferred instantly without the need to wait for confirmations.
XRP is is the code for the Ripple Crypto Currency and the market capitalization for Ripple is growing year over a year. Whilst XRP might not be as popular as Bitcoin – it is the only Crypto Currency that is centralized and if it ever becomes decentrazlied its price could skyrocket just like Bitcoin did over the past few years.
How XRP Fundamentally Different From Bitcoin?
It is the validating servers and consensus mechanism that tends to lead people to just assume that Ripple is a blockchain-based technology. While it is consensus oriented, Ripple is not a blockchain. Ripple uses a HashTree to summarize the data into a single value that is compared across its validating servers to provide consensus.
Banks seem to like Ripple, and payment providers are coming on board more and more. It is built for enterprise and, while it can be used person to person, that really isn’t its primary focus. The main purpose of the Ripple platform is to move lots of money around the world as rapidly as possible.
Thus far, Ripple has been stable since its release with over 35 million transactions processed without issue. It is able to handle 1,500 transactions per second (tps) and has been updated to be able to scale to Visa levels of 50,000 transactions per second. By comparison, Bitcoin can handle 3-6 tps (not including scaling layers) and Ethereum 15 tps.
Ripple’s token, XRP, isn’t mined like Bitcoin, Ethereum, Litecoin and many other cryptocurrencies. Instead, it was issued at its inception, similar in fashion to the way a company issues stocks when it incorporates: It essentially just picked a number (100 billion) and issued that many XRP coins.
What is XRP and What’s It Used For?
As a technology, the Ripple platform may have real value and real history that validate the claims they make for its efficacy. The XRP token itself, however, seems to have negligible use cases. In fact, Ripple had planned to phase it out — at least, until fevered interest in cryptocurrencies began to take off in 2016. Nevertheless, as CNBC noted today, if Ripple hits $6.57, its market capitalization will be bigger than Bitcoin’s.
There are 100 billion XRP tokens that were issued by the Ripple company. At the moment, the company promises that this is the total number of XRP that there will ever be (though, technically, there is nothing to stop them from issuing more tokens in the future). Ripple’s hub-and-spoke design positions XRP in the middle as a tool that is fungible with any currency or digital asset, such as frequent flyer miles. Ripple can settle a payment in 3.5 seconds through XRP and have it available and spendable. The use of XRP is totally independent of the Ripple network in general; that is, banks don’t actually need XRP to transfer dollars, euros, etcetera which is what many small investors might be missing when they are buying the token.