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If you are one of those who continually seek perfect encryption to place your bets, Ripple's XRP could be the answer. The third largest cryptocurrency in the market has been the focus of attention in the last two months due to several reasons. Some of them are quite positive and, on the other hand, some negative newspapers have landed in the cryptic world about security issues.
Is Ripple perhaps the best offer on the market as of now? Where can Ripple arrive in the coming months? Continue reading, as we discuss the main facts of the company and the Ripple price forecasts for December 2018.
The Origins of Ripple
Ripple was founded in 2012 by Arthur Britto, David Schwartz and Ryan Fugger. For a whole year, the team worked tirelessly to create OpenCoin and Ripple Labs, the company that dealt with the solutions we know today from Ripple, xCurrent, xVia and xRapid.
Through OpenCoin began the development of the payment protocol, the ripple transaction protocol (RTXP) and, subsequently, the design of its token, the XRP token, the current third sector encryption by capitalization of market, an encryption created as a Bitcoin (BTC) template.
From 2014 to 2017 the goal was to capitalize on the financial sector, a project initiated with the experimentation of an iPhone application to send and receive money instantly between users.
Subsequently, the payment protocol began to gain strength and became the payment solution for several institutions in the financial world, a field in which Ripple is a huge success these days.
The first company that adopted the Ripple network as a payment solution for cross-border payment was the German bank Fidor. However, as of now, Ripple has the largest amount of industry partnerships, many of which use their protocols, such as Banco de Santander, Mastercard, American Express, Western Union and so on.
Ripple Consent [19659005] There are two types of systems in the crypto verse, the work trial system and the game testing system. Ripple is among the cryptos that operate under the first system, or as it is called, the consent protocol, which to say the least, is the most likely extended among well-known cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). [19659003] However, unlike these two, Ripple already has a defined quantity for their encryption; and this means that the XRP can not be extracted, and in the same way, that no new XRP tokens will be created to change the quantity of the coin.
One of the most distinct features of the consent protocol is that it allows the validation of account balances in every transaction deployed in networks and, in this way, double spending is avoided. Automatically, the system will delete any malicious activity implemented by fraudulent people who intend to send a specific agreement to multiple gateways.
Consent occurs when a transaction is implemented in the network and distributed nodes decide by vote what the order picking would be, a process in which the majority establishes the decision in only 5 seconds.
Forecast of the Ripple XRP prices for the end of the year
At the time of writing the price of the XRP token is $ 0.277 according to Coinmarketcap. However, this price was mainly influenced by the Bitcoin moves and the generalized downtrend that the market had throughout the year.
In this sense, Ripple continues to work on essential community-related reports and updates regarding the fact that the crypt will reach the top again by the end of this year.
In relation to this, several good sources such as fxstreet, express.co.uk and investing have predicted that Ripple could reach considerable heights at the end of the year, reaching scores of $ 8 or $ 10, an increase which would represent 40 or 50 times the current price of the token.
So in terms of pay, the best option would be to buy XRP and keep it until the end of the year to raise the price, a fact that most likely will occur considering the strategies it is working on. Ripple, including the integration of its 3 solutions to achieve mass adoption of the XRP token. [19659020] Conclusions
Ripple proved to be not only a robust and efficient payment platform, but also showed the market that it is here to stay on top, no matter what. The XRP token can become the second largest cryptocurrency in just a few months, if all goes well, so we must all be ready for what's coming.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct a thorough research before investing in any cryptocurrency and read our full disclaimer
Photo by Bruno van der Kraan on Unsplash
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