FINANCIAL CYBER ATTACK TO COLLAPSE ALL MARKETS?
We have always been in the threat of our financial system collapsing due to cyber-attacks. There are some reports that show that there is going to be a cyber-attack that could be as disastrous as the coronavirus. Is this true? Is a financial cyber-attack really going to collapse all markets? What can be the measures? Let’s find out.
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What is XRP?
XRP is a token used for representing transfer of value across the Ripple Network. Different to bitcoin, where new coins are created (up the a capped level) as rewards for participants offering computing power to maintain the blockchain network, Ripple created 100 billion XRP coins at its inception.
What makes XRP different?
The important difference between the example above and Ripple is that with Ripple, trust relationships are automated on a blockchain that tracks all accounts, balances, and IOUs. This blockchain is the Ripple Ledger. Every participant in the network who can send transactions and/or holds XRP is defined as an account.
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