Ripple has upgrade plans: Ripple is the 3rd most valued cryptocurrency currently. It is planning on updating the technology behind the cryptocurrency. Also, it is undoubtedly positive news for the ripple investors. Any story of improvement would be beneficial not just for the investors but also the clients of the platform.
Upgrade plans for ripple:
Ripple plans to launch a couple of new white papers recently. Probably, the 1st white paper highlighted the algorithm which is currently powering the platform. Moreover, The 2nd White Paper stressed how the connectivity between different nodes could improve. It also emphasised how the verification of the transaction could develop.
Even more, With the cryptocurrency adding newer and newer clients on a regular basis, it sure seems like an improvement and the platform would attract an even higher number of clients. It is the reason why this news is highly favourable for ripple as it would attract new clients for the cryptocurrency. It would also further increase the valuation of the cryptocurrency as more and more clients would use the platform.
To understand Ripple’s place in the crypto universe, we have to value its contributions to the industry. In addition to being one of the most renowned digital tokens out there even competing for the second spot in market share, behind Bitcoin, with options such as Dash, Litecoin, and Ethereum – it is also one of the most efficient payment networks for financial transactions in the planet.
Ripple functions in a decentralised platform that fosters money transfers in any form. It is open source and peer to peer, and can work with several exchanges and currencies, physical or crypto, such as US dollars, Yen, Litecoin, and Bitcoin.
Finally, ripple followers got some good news. However, it may be the start of something extraordinary for ripple. What do you think? Share your thoughts in the comment box!