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Hey guys new to the cryptoworld here, last week I opened up a blockchain wallet and converted ethereum to bitcoin cash, never got my money insteadRead more
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Ripple new bitcoin
Ripple to rely on a common ledger that is "managed by a network of independent validating servers that constantly compare their transaction records." Servers could belong to anyone, including banks or market makers. Its become a part of the blockchain. The currency pair managed to cross the descending trend line on Friday and followed the green scenario. Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. BTC/USD reached.618 retracement level, which coincides with 7,565 resistance area. Banks love Ripple because their settlements between each other means theyll settle instantly. All other currencies on Ripple do require some amount of trust, as they each have an issuer, from whom that currency can be redeemed (this includes BTC on the Ripple network)." Ripple protocol 111 XRP is the native currency of the Ripple network. Until then, range-bound action will continue. Q1 2018 has been our best sales quarter ever.
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Whereas Ripple encompasses a native cryptocurrency XRP its added a few network method IOUs than the cryptocurrency itself. A b c d e f g h i j "Blockchain payments firm Ripple signs up 10 more banks and PSPs". More About Ripple, this payment protocol system is set to replace the Society for Worldwide Interbank Financial Telecommunication (. The Wall Street Journal Pro. However, because of the monetary distribution, OpenCoin may well face an uphill battle convincing the community that they can be trusted.
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