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How did Ripple behave in 2018?

If anyone has said that banks and cryptocurrencies are natural enemies and can never work together – Ripple XRP it was out there to prove they were wrong!

Unlike Bitcoin – which aims to perform as normal currencies and to be used to pay for goods and services – Ripple is a system of settlement and repatriation of payments in real time for banks and other payment networks.

The network is supposed to improve existing traditional financial models such as SWIFT and allow institutions to make near-instant secure international transactions with minimal costs.

Unlike other blockchain networks that evaluate their native currency as a transferred asset, Ripple is more interested in allowing financial institutions to transfer traditional resources such as gold and fiat currencies through its network. These transfers are made using the native Ripple cryptocurrency called XRP.

Ripple has attracted severe criticism from many within the industry for "not really being a cryptocurrency" or a decentralized entity. This criticism comes from the fact that Ripple's blockchain has no miners and access to it is severely limited.

Bringing miners significantly slows the network, a problem that Ripple's business model clearly can not afford.

Ripple team continues to reject these claims. According to the company, the Ripple network will be more decentralized than Bitcoin and Ethereum in the near future with the addition of more validators. They also point out that the Ripple protocol (and XRP cryptocurrency) are perfectly capable of continuing alone even if Ripple is shut down.

Review of XRP / USD performance

The XRP has maintained a significant stability in its market price since 2013, when it was launched, at the beginning of 2o17, hovering around $ 0.80. The year 2017 saw a break from that model. The XRP had a value of $ 2.30 by the end of the year, an increase of 38,000 percent!