Ripple XRP Wallet – Desktop Full Node Wallet

Ripple XRP Full Node Desktop Wallet — storage for cryptocurrency, which is a program for installation on a PC for subsequent work with virtual coins via the Internet. All wallets are classified into two types – “cold” and “hot”. The former can work without being connected to the Network, and for the latter, this condition is mandatory. Local wallets are hot and need to be connected to the world wide web. The question is which program to prefer, how to configure it, and what rules to follow to ensure security.

A local Ripple wallet is considered a suitable option from a position of security and ease of use. Such wallets are equally popular among beginners and experienced cryptocurrency holders.

Ripple XRP

Ripple — cryptocurrency platform for payment systems, focused on operations with currency exchange without chargebacks. Developed by Ripple. A feature is the consensus register (ledger). The system was launched in 2012. The protocol supports “tokens” representing fiduciary money, cryptocurrency, commodities or other objects, such as frequent flyer miles or minutes of mobile communication. At its core, Ripple is based on an open, shared database, uses a reconciliation process, which allows for sharing in a distributed process. The internal cryptocurrency of the Ripple network is called XRP.

XRP — the cryptocurrency of the Ripple network, which exists only in the Ripple system. Currently, 1 XRP is subdivided into a million units, called drops. 100 billion XRPs were originally created and will not be created anymore. Other assets in the Ripple network, except for XRP, are debt instruments (liabilities) and exist in the form of “balances” [2]. Ripple users are not required to use XRP. However, each Ripple account requires a margin of 20 XRP, which is explained by spam protection. In 2019, Weiss Ratings rated cryptocurrency the highest rating for its theoretical ability to compete with SWIFT.

The network is decentralized and can operate without the participation of Ripple. As of the end of 2017, Ripple is in the top ten cryptocurrencies by market capitalization, along with Bitcoin, Ethereum and others.