Is Ripple Coin MLM (What is Ripple Coin)?
Is Ripple Coin MLM? According to official sources, is Ripple Coin MLM? Some neti
Is Ripple Coin MLM? According to official sources, is Ripple Coin MLM? Some netizens have revealed that a person named XRP (Ripple) is organizing a new digital currency project called “XRPL”. According to the official website, the focus of this project is to achieve decentralized bookkeeping methods for value transfer and asset transactions through blockchain technology, encryption algorithms, and consensus mechanisms, allowing users to make peer-to-peer transfers without the need for any third party, and also supporting anonymous payment methods.
In response to this, Odaily Planet Daily interviewed Mr. Duan Xinyue, the founder of Ripple Coin, who stated, “I have been involved in this industry since 2015.”
Prior to this, according to reports, at the end of 2016, Mr. Duan Xinyue was investigated for allegedly participating in a virtual investment institution called “Bitpanda” established by Redwood Capital and A16Z, at a time when Chinese investors were entering the Bitcoin market. He claimed to be the “world’s first virtual spokesperson.”
What is Ripple Coin?
According to Bitcoin News, Ripple Coin (XRP) is a type of blockchain technology. It uses a digital currency called “Ripple” to represent the demand for cryptocurrencies such as Bitcoin and Ethereum. The main function of Ripple Coin is to help developers achieve fast transaction speeds and low costs without compromising security, without the need to spend a lot of time verifying the code. This allows Ripple to provide more use cases, including payment systems and financial services, as well as faster payment confirmation times.
According to CEO Brad Garlinghouse, Ripple currently has over $50 million worth of tokens mined and is researching how to continue its development.
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