Ripple update: Eli5- xrp burn per transaction
Hi all, first time posting and typing from my mobile so please “bear” with me lol. I’m having a hard time understanding long term use of xrp as a transfer protocol if there are finite coins being used. If prices remain at low then whoever using xrp for transactions would use up more coins than they would if xrp was higher priced per coin which brings to my question. Will xrp have enough coins to facilitate long term use? I’m talking 50+ years. I may have an incorrect understanding of how the burn works so please don’t be too harsh.
Ps. If ripple settles in seconds why does it take a couple minutes for me to send my xrp from exhange to exchange?
Thank you all for hearing me out and HODL on!
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: duhkebs
Score: 4
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