Currently led by CEO Brad Garlinghouse, Ripple has received financial backing from several prominent investors and VC funds as well as having launched three primary financial products -- xCurrent, xRapid, and xVia. Essentially, XRP functions within a distributed ledger where transactions are processed and settled via gateways -- akin to a series of private blockchains. The Ripple Transaction Protocol is the core of the network which enables participating users and entities i.
RippleNet can process roughly 1, transactions per second TPS. There are currently more than banks and payment providers in the RippleNet ecosystem. RippleNet also enables participants to rapidly exchange fiat currencies and cryptocurrencies, making it an ideal solution for institutions moving large sums that are looking for a quick settlement and low transaction costs.
However, within RippleNet, XRP functions more as a liquidity source for the exchange of currencies than a pure cryptocurrency in the sense of Bitcoin. The network is controlled by a set of validators, which makes the network more centralized than a public blockchain such as Bitcoin or Ethereum -- although Ripple plans on making more strides in decentralizing the protocol.
Essentially, xCurrent empowers banks and payment providers to process cross-border payments with swift settlement times, low costs, and bidirectional messaging. However, XRP is not actually required in the xCurrent system. Ripple is also behind Interledger , the cross-ledger payment protocol. I confirmed the transfer was received in Ledger Live. Poor support. Maybe I should have bought a Trezor.
Man, thank you so much for the subtracting 20 xrp tip. I hate these exchanges. Emailed them a week ago and still no answer. How can they expect mass adoption with such poor service? That did the trick and my XRP is safe, thank God! You have to leave at least 20 XRP on the Coinbase and maybe others? No this is required in case you are generating paper wallet.
You can use your computer as you used to; even after installing Ledger Live. I have tried sending xrp to my nano s from two platform exchanges.
Bitbuy and coinsquare Canadian exchanges. They say the address is not valid. Ledger support sent me to Bithomp. I went there and says the same thing and asks you to go to a site to buy xrp. I have been trying to get this working for 3 wks. Very frustrating. This process is ridiculous.
Response is very slow as well. This has become a nightmare. So I now have a device that I cannot activate the xrp address on. After following these steps, you will be presented with a form to name the account.
You will be using this address to send your XRP to — copy it to your clipboard or send to it by scanning the QR code. You have setup the Ledger Live program to manage your cryptocurrency on your computer. Leave a comment if this guide helped you and be sure to share it with others, so they can learn from it.
Thank you for reading. XRP on Top. Keep your digital assets safe using the Ledger Nano S wallet. If you have a Ledger Nano S, congratulations. Ledger Live is developed for Desktop and Mobile.
Safely send and receive over 5, coins and tokens straight from your smartphone or computer using Ledger Live. Manage even more using external wallets. See the full list. Announcements can be found in our blog. Press contact: [email protected].
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