What is Ripple?

Beau Stoner
A free video tutorial from Beau Stoner
Certified Bitcoin Professional|Engineer|Investor|YouTuber
4.7 instructor rating • 2 courses • 6,851 students

Lecture description

In this lecture, students will learn about the Ripple cryptocurrency.

Learn more from the full course

Cryptocurrency Investment Fundamentals | Buy, Sell & Store

This course teaches the key fundamentals in buying and investing in cryptocurrencies, focusing on the Australian market

04:10:05 of on-demand video • Updated December 2018

  • Learn all about the fundamentals of Cryptocurrencies, including the foundational Blockchain technology behind it
  • Learn about Bitcoin, Ethereum, Bitcoin Cash and Ripple
  • Learn about Australian cryptocurrency exchanges, how to create an account and know your customer/anti money laundering laws
  • Learn how to buy, sell, and store cryptocurrencies including using digital wallets
  • Learn about the risks involved with cryptocurrency investment, including scams, hacks, phishing and pump and dumps
  • Learn about how to identify cryptocurrencies to invest in and how to employ proper investment strategies
  • Learn about Australian specific cryptocurrency tax and superannuanation
  • Learn some excellent resources for increasing your knowledge on investment fundamentals, and where to find cryptocurrency communities
English [Auto] So welcome to the next guys and this like shall we go and talk a little bit about Ripl. So what is Ripl what Rigol is another cryptocurrency. It runs on its own block. And as you can see it's number four on coin market cap. They total market capital of twelve point three billion dollars at the top of recording this video. Now the cryptocurrency itself has a circulating supply of thirty eight billion Ripl tokens. The ripple token itself is called Exxon pay as we can see here this is the ticker symbol for these cryptic Harzi with a total supply of ninety nine billion and a maximum supply of 100 billion. Next up a target. Now rebels are cryptocurrency that sits in an interesting spice when compared to other Crypta currencies like Bitcoin or even a theory as it's a cryptocurrency that's really targeting the banking and the corporate sectors. So essentially what people are trying to do is it trying to target a global payments and remittances within the banking sector. So traditionally sending money overseas can be lengthy. It can be costly. I can be cumbersome as well. So Ribicoff and aims to be look at digital liquidity network allowing banks and financial institutions to use the platform to use to block China and that pay Tulgan in exchange for traditional fiat currencies to allow these payments to be sent really quickly around the world. And for really low costs to rebel has its own block China it does not. Right. Only if you're in a bloc China and it doesn't operate on the Bitcoin block China they self develop their own block time specific for the sectors that they're targeting. So what people are actually trying to achieve they they using the block chain to try and solve the problem within that banking sector. It's very different to what theory is doing and it's very different to be coin Bitcoin being distributed the central US currency. So it is a good example of how the block change technology and that distributed form of information and public storage on the block instead of using a centralized database. And how this new business model can transform other industries. So that's pretty much it for Rebekah's and that's it for all the cryptocurrency we're going to cover this kindly over thirteen hundred different crypto currencies. But the process we followed in examining each one of these crypto currencies is the same card process you should follow as well. When you're looking at investing into a particular cryptocurrency there are just so many factors and different criteria that can be applied when looking at potential cryptocurrency. Boy is this a matter of what works for you. And what methodology you come up with that bets that best suits your investment strategy so as that finishes the SOP for this lecture Let's move on to the next one. Well we'll talk about Allt points.