Many of you have asked us on social networks these last weeks to share with you new contents from the Youtube channel 99Bitcoins, keep sending us messages, it makes us very happy to know that you like our contents. We think you'll find this video interesting, so we decided to make this post today.
Indeed, the Youtube channel 99Bitcoins has decided today to post a new video which is called "What is Ripple? (XRP, IOUs, Gateway and Validators Explained)". Of course, you can now find it in full playback on our site for your greatest pleasure!
And as expected, the last video of the Youtube channel 99Bitcoins is a hit on the first feedback we could read! It manages to interest a lot of internet users, which is not always easy considering the amount of content that can be found now on the internet as well as on applications such as TikTok, Facebook or Instagram.
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For your information, you can find below the description of the video What is Ripple? (XRP, IOUs, Gateway and Validators Explained) published by the Youtube channel 99Bitcoins:
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The banking system today uses slow and outdated systems in order to transfer money (i.e. value) around the world. Ripple aims to create the Internet of value called RippleNet – a set of unified rules helping the financial sector use 21st century solutions for fast and scalable transfer of money.
Ripple has two main forms of transferring value – IOUs and XRP. IOUs are representation of debt and can be issued for any type of real world asset. XRP is RippleNet’s native currency which can be used to transfer money quickly around the world.
That’s Ripple in a nutshell. If you want a deeper explanation about Ripple and XRP keep on watching the video, here’s what I’ll cover:
0:42 - The issue with bank transfers
2:34 - Ripple in a nutshell
3:26 - How RippleNet works
4:42 .- RippleNet currencies (XRP, IOUs)
4:57 - IOUs
7:10 - XRP
11:53 - Is Ripple centrazlied?
14:30 - Conclusion
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