J and B Exchange

                 CENTRALIZED RIPPLE EXCHANGE


             Ripple is, at its core, a payment network with a virtual currency XRP used in that network, operated by Ripple Labs. According to its measured market cap, XRP is the second largest virtual currency after Bitcoin, just before Ethereum. XRP has also seen quite a rise during past, taking the second place of cryptocurrencies in just few years. After several requests from our customers we have added XRP available for trading in Coinmotion.
Centralized Ripple Exchange

XRP is Not a Cryptocurrency:


             What one needs to know about XRP is that it is not cryptocurrency in the strict meaning of the word. It shares many attributes with actual cryptocurrencies: it is based on open source code and it can be traded peer-to-peer like bitcoin.

               What differentiates XRP from cryptocurrencies is that it is not based on blockchain, it is not mined and it is heavily centralized. Ripple network is a suite of different applications by Ripple Labs. XRP, is the currency of Ripple network, which the apps use.

               Ripple doesn’t use blockchain in the traditional sense to secure transactions. Instead all the transactions are confirmed and secured in a method known as HashTree, which is patented by Ripple Labs. In HashTree all the transactions and balances are combined to a single number, which servers compare to each other to reach consensus. This kind of system is faster than blockchain, but far more centralized.

What Is Ripple?

Ripple is a privately held company that aims to create and enable a global network of financial institutions and banks. It does so by using the RippleNet blockchain software to lower the cost of international payments. Ripple calls the global network using this software the “Internet of Value.”

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