Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time. Ripple was originally founded by a single company, Ripple Labs, and continues to be backed by it, rather than the larger network of developers that continue bitcoin’s development. It also doesn’t have a fluctuating amount of its currency in existence. Where bitcoin has a continually growing pool with an eventual maximum, and Ethereum theoretically has no limit, Ripple was created with all of its 100 billion XRP tokens right out of the gate. That number is maintained with no mining and most of the tokens are owned and held by Ripple Labs itself — around 60 billion at the latest count. Even at the recently reduced value of around half a dollar per XRP, that means Ripple Labs is currently sitting on around $20 billion worth of the cryptocurrency (note: Ripple’s price crashed hard recently, and may be worth far less than $60 billion by time you read this). It holds 55 billion XRP in an escrow account, which allows it to sell up to a billion per month if it so chooses in order to fund new projects and acquisitions. Selling such an amount would likely have a drastic effect on the cryptocurrency’s value, and isn’t something Ripple Labs plans to do anytime soon. In actuality, Ripple Labs is looking to leverage the technology behind XRP to allow for faster banking transactions around the world. While Bitcoin and other cryptocurrencies are built on the idea of separating financial transactions from the financial organizations of traditional currencies, Ripple is almost the opposite in every sense. XRP by Ripple price can be found on this page alongside the market capitalization and additional stats.
CoinPoker is a worldwide cryptocurrency-based online poker room that’s launching its ICO this November. We’re operating with Ethereum Smart Contracts and once the room will have been launched, we’re going to ensure full transparency via the use of blockchains. The RNG will be visible on blockchains, and the players will be able to see it after the game. That together with the pain-free transactions thanks to cryptocurrency will solve many of the problems that online poker has been facing. • Transactions will be immediate + accessible worldwide; • RnG will be visible for transparency; • Anonymity will be guaranteed; • Fair play at the tables will be ensured. + HUGE Grand Opening Events with awesome prizes (15% of tokens distributed during the ICO will be returned during these tournaments). What makes us different from other ICOs? Well, for one, we’ve got our MVP (minimum viable product, in our case – an app) ready to go, and we’ll be launching our MVP with play money before our actual ICO start!