Informations about Ripple
Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network operated by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency called XRP (ripples). Released in 2012, Ripple purports to enable “secure, instant and nearly free global financial transactions of any size with no chargebacks.” It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.
In 2014, Ripple defended the security of its consensus algorithm against rival Stellar Networks. Currently, Ripple’s XRP tokens are the third-largest currency by market capitalization, after bitcoin and ethereum.
Used by companies such as UniCredit, UBS or Santander, the Ripple protocol has been increasingly adopted by banks and payment networks as settlement infrastructure technology, with American Banker explaining that “from banks’ perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like bitcoin,” including price and security.
Ripple’s website describes the opensource protocol as “basic infrastructure technology for interbank transactions – a neutral utility for financial institutions and systems.” The protocol allows banks and non-bank financial services companies to incorporate the Ripple protocol into their own systems, and therefore allow their customers to use the service. Currently, Ripple requires two parties for a transaction to occur: first, a regulated financial institution “holds funds and issues balances on behalf of customers.” Second, “market makers” such as hedge funds or currency trading desks provide liquidity in the currency they want to trade in. At its core, Ripple is based around a shared, public database or ledger that has its contents decided on by consensus. In addition to balances, the ledger holds information about offers to buy or sell currencies and assets, creating the first distributed exchange. The consensus process allows for payments, exchanges and remittance in a distributed process. According to the CGAP in 2015, “Ripple does for payments what SMTP did for email, which is enable the systems of different financial institutions to communicate directly.”
Ripple allows users or businesses to conduct cross-currency transactions in 3 to 5 seconds. All accounts and transactions are cryptographically secure and algorithmically verified. Payments can only be authorized by the account holder and all payments are processed automatically without any third parties or intermediaries. Ripple validates accounts and balances instantly for payment transmission and delivers payment notification with very little latency (within a few seconds). Payments are irreversible, and there are no chargebacks. XRP cannot be frozen or seized. While as of 2014 anyone could open an account on Ripple, by 2015 identity verification procedures had been implemented. Ripple’s Path-finding Algorithm searches for the fastest, cheapest path between two currencies. In the case of a user who wants to send a payment from USD to EUR, this could be a “one-hop” path directly from USD to EUR, or it could be a multi-hop path, perhaps from USD to CAD to XRP to EUR. Path finding is designed to seek out the cheapest conversion cost for the user. As of May 14, 2014, Ripple’s gateways allow deposits in a limited number of fiat currencies (USD, EUR, MXN, NZD, GBP, NOK, JPY, CAD, CHF, CNY, AUD), a handful of crypto currencies (BTC, XRP, LTC, NMC, NXT, PPC, XVN, SLL) and a few commodities (gold, silver, platinum).
XRP is the native currency of the Ripple network that only exists within the Ripple system. XRP are currently divisible to 6 decimal places, and the smallest unit is called a drop with 1 million drops equaling 1 XRP. There were 100 billion XRP created at Ripple’s inception, with no more allowed to be created according to the protocol’s rules. As such, the system was designed so XRP is a scarce asset with decreasing available supply. Not dependent on any third party for redemption, XRP is the only currency in the Ripple network that does not entail counterparty risk, and it is the only native digital asset. The other currencies in the Ripple network are debt instruments (i.e. liabilities), and exist in the form of balances. Users of the Ripple network are not required to use XRP as a store of value or a medium of exchange. Each Ripple account is required, however, to have a small reserve of 20 XRP (US$6.58 as of May 16, 2017). The purpose for this requirement is discussed in the anti-spam section.
Buy Ripple directly on Changelly.com or
Cryptotrader offers the Concept of a Autotrader for Cryptocurrencies like Bitcoin, Ethereum etc. New Trading-Strategies can be tested and used. It is fully automated and the monthly Costs depend on the Investment Amount.CryptoTrader.org
Automate Your Lending in Minutes. Why should I automate my lending? In short, it's more profitable and less work than lending manually. When you lend to margin traders on Poloniex, your funds are dispersed as dozens, or even hundreds of separate loans. You will have loans maturing almost constantly and idle funds if you don't re-lend them. Using a lending bot ensures that all of the funds in your lending wallet are constantly deployed at an optimal rate.
What kind of returns can I expect? Rates fluctuate constantly and vary greatly depending on supply and demand for each cryptocurrency. See https://poloniex.com/lending for reference. Current BTC lending rates are in the range of 10-15% APY (but calculated daily by Poloniex). Don't lend more than you can afford to lose. Cryptocurrency is new, uncharted, volatile, etc.
Hosted Poloniex/Bitfinex Lending-Bot by coinlend.org
Poloniex/Bitfinex Lending-Bot for your own Server
Buy Bitcoin mining
The idea of cloud mining is very simple. Instead of spending thousands of dollars on Bitcoin mining hardware, you can pay someone to lease their hardware and keep the profits to yourself. The company that rents out the miners takes care of the maintenance and all of the hassle of setting them up.However, you are required to pay a fee for their service.
Bitcoin-Calculator from www.cryptocompare.com
Special Miningsoftware is needed for the mining of Cryptocurrency. Dedicated Mininghardware improves Performance and decreases Energyconsumption.
Hardware: Mining Rig on Ebay
Free Ripple-Coins / Faucets
Some Websites offer free Cryptocoins. You just have to solve a Captcha or a Task.
Gambling with CryptocurrencyPrimedice.com
Security InformationsKeepass - Passwordsafe
Veracrypt - Dataencryption
Google Authenticator for Android
Google Authenticator for Iphone
Ledger Nano S