To start, Ripple’s XRP was quite controversial for the cryptocurrency world, because while labeling itself as a cryptocurrency, it does not want to hold a public ledger like blockchain, and no crypto currency mining exists in its small paradigm, thereby making it an institutionalized and centralized financial system.
And it made itself clear that it truly does want to be a financial system of its own, but they want to make it better in such a way that international commerce characterized by international transactions can be done with lower, if not a zero-cost transaction at all, with XRP as the leading currency for these things.
Compared to traditional banks’ SWIFT payments, or decentralized cryptocurrencies’ similar high transaction fees, it seems that the premise of XRP’s existence comes from the fact that they want to differentiate by providing added benefits to the already existing system.
The technical side of XRP
On the technical level, what separates XRP from cryptocurrencies is that it operates under one algorithm, much like with central banks. It validates accounts and transactions using one authority, under one ecosystem, but with individual accounts.
There is not much question about the transparency or workability of XRP, because it works just as well as cryptocurrency’s mining and central banks’ regulatory boards. This symmetry started getting people to buy into the said currency, looking more deeply about it and what it can give to its investors.
On security of XRP
Then more on security, you can expect that Ripple XRP has strict verification and security processes that can leave you out the moment they detect you intending to do something harmful to the digital ecosystem. For instance, attempting to use the same coin twice can be identified within seconds after the attempt.
Compared to miners and while they do heavy math equations to get the transaction correctly in the public ledger, it is quite hard to expect a miner to do that verification process, since some are beginners, while some might not be really good. This comparative made is what really drove it high for the xrp price prediction the coming years.
The economic side of XRP
There is actually positive price analysis for XRP. Until 2017, XRP had a very low turnout in terms of experts’ xrp price prediction, leading to a price that no one would probably invest in as it was hopeless. But as the distinction shed more and more light for people looking into potential crypto breakthroughs, they found XRP to be quite odd yet great.
From 0.10 US dollars for its value, it keeps growing, to 0.30, 3.00, and so forth. Experts agree that it will not take too long until XRP gets renowned as the first ranking cryptocurrency out there, with aa value of a hundred dollars.
What would be great to see here is the fact that people would be able to see how the promises of the XRP would materialize for not too long from now. It is on the advantageous fifth place.