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Who Backs Ripple?

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Who Backs Ripple?

A group of independent participants maintains the XRP Ledger. It is essential that independent validators agree (consensus) on each transaction in order for it to be successful. Any entity can validator its data as part of its operation.

Who Is Xrp Backed By?

Ripple has raised $10 billion from investors including SBI Holdings, Spanish bank Santander, and top venture capital firms such as Andreessen Horowitz, Lightspeed, and Peter Thiel’s Founders Fund.

Why Is Xrp A Bad Investment?

XRP is not decentralized like Bitcoin or Ethereum, but rather created by a single company, Ripple Labs, which is why people consider it to be bad. The fact that this coin is so new gives many investors pause, making them question whether they should invest in it.

Is Ripple Bullish?

A good trend for Ripple is currently being predicted by the market. CoinCodex’s analysis of XRP price shows 27 indicators indicating bullishness, while only one indicates bearishness. According to DigitalCoin’s analysis, its price is expected to reach $2 on average. In 2022, the price will be 17 dollars, and in 2023, it will be $3. By 2025, there will be 94 million people living in the United States.

Who Is Behind Xrp?

Original author(s)

Arthur Britto, David Schwartz, Ryan Fugger

Developer(s)

Ripple Labs Inc.

Initial release

2012

Stable release

1.0.0 / 15 May 2018

Repository

github.com/ripple/rippled

Is Ripplenet A Blockchain?

RippleNet, the XRP Ledger, the XRP coin, and RippleX are all part of the Ripple brand umbrella. A XRP coin runs on the XRP Ledger, which is an open-source blockchain. XRP is the native asset of the XRP Ledger.

Does Ripple Use Blockchain?

A blockchain-based digital payment network and protocol, Ripple is backed by its own cryptocurrency, XRP. In contrast to blockchain mining, Ripple uses a consensus mechanism, which is shared among a group of servers owned by banks.

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Article Categories:
Intro to Crypto

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