/biz/ - Business & Finance

>>7814372
>>7814439
>>7814580
>>7814771
>>7814794

XRP CAN'T BE FROZEN BY ANYONE. Only IOUs/tokens can be frozen by the issuer.

https://ripple.com/build/freeze/

>>6056522
"Ripple consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa. "

the reason is that it doesn't use proof-of-work, a ledger is considered valid when a supermajority (80% of the network) agree on it. agreeing doesn't take computational power.

>>5767146
No, it's not, Ripple is more decentralized than Bitcoin. Proof of work encourages centralization.

.Bitcoin
-One company has more than 50% of the hashpower (Bitmain)
-One oppressive country has more than 50% of hashpower (China)
-One company has a monopoly on creating efficient ASIC Bitcoin miners thanks to patents (Bitmain)


Ripple
-10s of validators run by reputable non-related public and private entities in different countries (e.g., Microsoft, MIT, CGI, WorldLink, Telindus-Proximus Group, Bahnhof, ...)
-At least 80% of validators must agree for a ledger to be validated
-double spending not possible
-Anyone can run a validator and make his own list of trused validators


.
tldr; with bitcoin you have no choice but to trust whoever purchased the most hashing power, with Ripple, you explicitly choose who to trust.

>>5641284
some idiots will tell you any thing about $5 is impossible because muh market cap

Bitcoin's market cap is not the maximum limit. Crypto has only been used for speculation so far. XRP will actually be used in real world. It will penetrate markets measured in trillions, not billions.