Ripple is a Central Bank, Not a Cryptocurrency

Ripple is a Central Bank, Not a Cryptocurrency

Ripple, just like bitcoin, has a total cap of tokens available within the total currency system. With bitcoin, though, this cap is reached through mining, where initially the vast majority of the 21m bitcoins to be mined are still there for the taking, and over time through a process called block halving, will slow down and reach the cap. Block halving, put simply, is the systematic halving of the reward miners get for mining bitcoin. This gives the total supply of coins a nice inflation curve towards the max coin amount, and the next halving event is expected to […]