I have recently received an significant question more than once. Is it possible to mine Ripple(XRP)? Ter other words, can anyone use his pc to get some digital currencies of this kleuter, like Bitcoin, Ethereum and other digital currencies?
It is known that you can use specialized software on your pc or purchase mining devices ter order to get the digital currencies and investment te this case is the time and cost of tens unit, spil the process consumes time.
Bitcoin mining has become a sophisticated and expensive process and is no longer effortless to get them spil years ago. Digital currencies miners are looking for profitable digital currencies that can be mined and well paid ter a brief period of time.
The response to that question is not simply, you can look for Ripple Cloud Mining or ripple mining to detect this fact.
It is true that you will detect some pages that voorwaarde to suggest this service or help you, but some of them actually suggest you Bitcoin mining and they say simply “You can’t mine Ripple (XRP)”
Why Ripple XRP can’t be mined unlike Bitcoin and Digital Currencies?, This is what wij will response te this article.
1- A central digital currency managed by one company:
This shows you why Ripple is not attacked by banks and the global financial system, unlike Bitcoin, it’s a regular currency managed by the US Ripple company.
It has produced 100 billion units, it’s an official number that will not increase or decrease, and there are about 39 billion of them on the market.
Bitcoin is produced by people who have turned their computers into part of a large global mining and gegevens distribution network, while te the case of Ripple the company is responsible for this process.
Bitcoin is not possessed by anyone and even its inventor is unknown. It is based on the principle of “ambiguity and unknownness” and is resistant to transparency while omitting centralization.
2- One way to obtain Ripple XRP:
Their mining and obtaining it from the vacuum is a big illusion here, and can be used by the quorum to attract those who wish to obtain it free of charge.
There are no XRP mining machines or mining platforms for this. If someone shows you this, make sure that they are attempting to trapje you.
3- Digital currency for banks:
Ter addition, Ripple XRP is primarily targeted banks and financial institutions that can be used to accelerate financial transactions. Thesis institutions can also use their own BlockChain technologies without the need for this currency!
Investors ter this currency are betting on the tendency of banks to buy phat amounts of this currency ter order to improve their services, not to sell them and provide them to their customers, it doesn’t come to substitute the dollar and Currencies.
For the above reasons, wij make sure that Ripple XRP mining is not possible, unlike Bitcoin and the digital currencies that adopt decentralization, so if you come across a declaration that it can be mined and obtained te this way, know that it is a trapje.