The newest Ripple (Pun intended).
7th July-The title suggests the changes which are being made by Ripple, which is one of the highest ranking crypto currencies in the world. These changes would render newness to the existing scope of Ripple. And needless to mention, the different entities from the myriad sections of crypto currency are waiting for these changes and their effects. The changes in Ripple are the newest ripple in the sector of virtual currency. Here is looking at how this change will be brought about and how will it add to the position of Ripple in the market over a given period of time.
Recently, two white papers were released by Ripple, the first white paper indicated the current functioning algorithm used by the interface, and the second white paper indicated how it can be improved. Improvement is expected to take place in the form of enhanced connectivity as well as improvement in the verification process can be looked forward too.
It is quite obvious that with the kind of impact ripple has created in the markets, it has several renowned investors and with the announcement of the changes, there are chances that the reputation as well as the investment would increase. Moreover, the publication of the research paper has only hinted at how inclined it is towards innovation and working for a smarter and more efficient future.
Not just the connectivity, infrastructure or verification, it is the security which is also of utmost concern to this crypto currency. Every day, the users of Ripple are increasing, in these circumstances; it is only wise to be more careful about the security system that has been put in place. Security measures have to be taken incredibly seriously and the changes announced by Ripple only convey how serious it is about safe guarding the security of the consumers. Through this plan of action, Ripple has also managed to gain trust of its consumers and believes that the consumers would increase in number.
Besides connectivity improvement, infrastructure, verification process and security measures, it is also the new way of conducting financial transactions that Ripple is looking to incorporate.
It can be believed that Ripple has placed the consumer convenience at the top of its priority list, moreover, these changes would only add to the reputation of this well renowned crypto currency and would yield more investors because of the improved pattern of the operation management.