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Ethereum to ripple
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To calculate the best exchange for your amount, use the Calculator feature. In order to counter the legalization of proceeds from crime and the financing of terrorism, exchange offices carry out AML checks of transactions received from customers. If the transaction is identified as high-risk, the exchange office may suspend the exchange operation until it is verified in accordance with FATF standards.
About exchanging Ethereum to Ripple All exchangers specified in the list provide the service of exchanging Ethereum to Ripple automatically. You can use our instructions in the FAQ section if you have never exchanged electronic money at our site before and you come across any difficulties with the exchange process. Keep in mind that change rates Ethereum Ripple can be better when you go to an exchange site from the BestChange.
If you cannot find how to exchange the money after you go to the site, contact the exchanger operator administrator. Ethereum, launched in , was founded by Russian-Canadian developer, Vitalik Buterin. Ethereum became the first blockchain project to allow people to create and enter into smart contract agreements. A smart contract is an agreement based on pre-programmed conditions, which can then automatically process a transaction when these conditions are met.
As a quick example, take a look at the following situation. John and Bob want to bet on the outcome of the soccer World Cup. The Ethereum blockchain can search thousands of websites to find out who won the World Cup. As soon as the result is confirmed, the smart contract will either pay out John or Bob automatically. All of this is achieved without a trusted third party.
As you will notice from the above example, Ethereum does not need a third party to confirm or verify a transaction, meaning that it is 'decentralized'. Instead, a transaction is verified by the Ethereum community, otherwise called 'miners'. Miners simply connect a specialized device to the Ethereum network, which allows them to confirm transactions on the Ethereum blockchain.
This removes the need for a third-party intermediary. Unlike Bitcoin, which will be capped at a maximum of 21 million coins, there is no maximum limit to the amount of Ether that can be issued. However, according to its founder Vitalik Buterin, this amount will soon be capped to about million coins. At the time of writing in July , the current supply is just over million ETH, indicating that no more coins will be issued soon.
Source: newsdoses So now that you know what is Ethereum, the next part of my Ripple VS Ethereum guide is going to look at what is Ripple! What is Ripple? The Ripple blockchain was first created in , three years before Ethereum. It was designed, built and launched by a private organization called Ripple Labs. Ripple labs are located in San Francisco. The objective of the founders was to create a blockchain protocol that could challenge the cross-border payments system that is used by banks to transfer funds overseas.
Interestingly, although Ripple Labs are focusing specifically on the banking industry, anyone can use the Ripple blockchain to send and receive funds. Anyone can also trade the Ripple coin XRP on the open market. There is often a bit of confusion about the difference between Ripple and XRP, which I will explain in simple terms. The blockchain protocol that allows people and banks to send and receive funds is called 'Ripple'.
This is the actual technology that supports the network. Just like Ethereum, the Ripple protocol requires no intermediaries or third parties to verify a movement of funds, meaning that instead, people can send and receive XRP coins on a completely peer-to-peer basis.
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