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At the start of the coming year, the ripple price touched its high level of $3.31. There was an incredible gain of 51,709% since the start of 2017. The market capitalization was represented roundabout 331 $billion. This representation has put the valuation in the same confederation as Google, Apple, Facebook, Alibaba, and Amazon. These platforms are the gigantic podiums of the world. There were some represents who such as Forbes Chris Larsen, they owned many of shares of ripple, the executive chairman of Ripple, owns 17% of the company. They controlled the %.19 XRP and its value was $50 billion dollar. There are many people who do not know the main technology and history of the ripple.
Historical Perspective Of Ripple
The name of the founder of a company is Ryan Fugger. His company was called RipplePay. This company was founded in 2004. There was the main idea behind the protocol which is a peer-to-peer trust network of financial relations that would replace banks.
After the success of Bitcoin and ripple, there are planned payments on their networks. This network has the base currency for the settlement. The expert of the ripple called the particular periods as ripple Gateway structure. With the passage of time, the experts of the company realize that peer to peer system cannot run with the non-serious and unwilling represents. So, they have made the workable this system by usable payments. They have to compromise between a hybrid system and a peer to peer network.
XRP is a token of ripple which is based on the public chain of cryptographic signature. So, if you want trust then you should understand that XRP could be sent directly from user to user, without the gateways or counterparty risk. This procedure is used for all of the important companies including ripple and USD. It is complete and trustworthy network and you can perform you perform your financial agreements.