How to start trading Ripple with Capital.com?

To start investing in Ripple with Capital.com, Open Capital.com CFD Account and log in to the Capital.com Official Website.

Then you need to make a deposit to your account before starting trading Ripple.

You can trade Ripple (XRP) CFDs on Capital.com anytime, anywhere.

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What is Ripple XRP? What is cryptocurrency?

Ripple (XRP) is a cryptocurrency mainly used for transactions between enterprises. Encryption currency is a digital asset that acts as a medium of transaction. Encryption technology is used to ensure the security of transactions, control supply and guarantee transfers. In short, cryptocurrency is a decentralized electronic currency. All kinds of cryptocurrencies can be stored in “electronic wallets”. For example, you can deposit Ripple (XRP) in an online or offline e-wallet, or even store it in hardware.

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Why invest in Ripple?

Ripple (Ripple) is a real-time payment system and currency exchange network created by Ripple Laboratories, using Ripple (XRP) issued by the company as a transaction medium. The Ripple system is mainly used for digital transactions of different assets, which is also the difference between Ripple and other cryptocurrencies (such as Bitcoin). Bitcoin is a digital asset that acts as a medium of exchange.

Ripple Networks aims to achieve safe, instant, and extremely low-cost global transactions. Not all transactions are conducted with Ripple XRP, and some transactions are conducted with legal tender. But as far as the latter is concerned, the Ripple Network ledger only records the amount owed by debt-related assets, instead of using XRP on the internal ledger.

Ripple is also an informal name for the cryptocurrency XRP. Therefore, when discussing cryptocurrencies, Ripple refers to XRP, not Ripple.

In terms of market value, Ripple is currently one of the top five cryptocurrencies. The value of most cryptocurrencies is closely related to their projects, even if the project does not use their own tokens by default.

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History of Ripple

In order to facilitate transactions between enterprises, Ripple has created a Ripple coin that is different from other cryptocurrencies. Although Ripple uses a verification server and consensus mechanism, it does not belong to the blockchain. Ripple uses an algorithm called HashTree to aggregate data into single values, and compare and verify them in the verification server.

People accuse Ripple of over-centralization because it reserves the right to freeze and revoke changes. However, Ripple said that Ripple Network is supported by different institutions and individuals and is a decentralized network. With the Ripple network and its global mobile assets capabilities, Ripple XRP has increased in value at an astonishing rate. Although Ripple and XRP are two completely different things, they are often confused by investors. Among the three products of Ripple Labs, xRapid (by default) and xVia (optional) both use Ripple XRP.

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Is Ripple decentralized?

Some people think that Ripple Network is not decentralized, because Ripple, in order to appease regulators and comply with anti-money laundering laws (the network is used between enterprises), involves network operations and regulators playing a key role in providing stability to the payment system . Ripple also has jurisdiction or network-specific rules provided by existing systems and operators.

However, Ripple Labs claims that the network is decentralized because their software is open source, which means that people can modify it at will. Ripple also uses a consensus mechanism to record and verify transactions based on most validators. The components (individuals and institutions) of these validators are numerous and spread all over the world.

To put it simply, Ripple may not be as decentralized as Bitcoin and other cryptocurrencies, but anyone can run a Ripple server. Even if the company is gone, Ripple XRP will still run, which is a decentralized element of Ripple.

People’s concern about centralization is mainly that the network is manipulated by one party, but Ripple insists on open source and cannot increase Ripple XRP because of the way the protocol works (this is what many people worry about). The original intention of Ripple was to transfer assets at a low cost in a digital form (one Ripple coin XRP costs about $0.5), and its network was created on the basis of design and compatibility.

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