What is ripple (ripple)?

Ripple was first released in 2012 and was co-founded by Chris Larsen and Jed McCaleb. Ripple is a blockchain-based digital payment network and protocol with its own cryptocurrency, XRP. Rather than use blockchain mining, Ripple uses a consensus mechanism, via a group of bank-owned servers, to confirm transactions.

Is Ripple a cryptocurrency?

The Ripple platform facilitates money transfers, focusing on low operation fees and lightning-like transaction speed. Ripple is the only corporate crypto solution in the world for global payments. Some argue that Ripple can not even be called a cryptocurrency, while others are confident that this is the most promising digital asset as of today.

What is changelly?

Changelly was founded back in 2013. However, it should be noted that back then it was only a prototype. It was created by a team of a well-known mining pool - MinerGate. At this point, though, Changelly and MinerGate are two separate entities.

What is Ripple XRP?

XRP is the Ripple platform’s native cryptocurrency. Its primary function is to serve as a bridge currency for cross-border transfers when there is a need to trade one currency for another. Ripple quickly attracted the attention of large banks as investors. Today, more than 300 financial companies around the world use this coin.