What is the meaning of Ripple’s gateway (which public chain does Ripple belong to)?
What is the meaning of Ripple\’s gateway? In Ripple\’s official announcement, Ripp
What is the meaning of Ripple’s gateway? In Ripple’s official announcement, Ripple (XRP) states: In accordance with the requirements of the U.S. Securities and Exchange Commission, we will implement new anti-money laundering measures starting from July 1, 2019. If we receive any further information regarding Ripple’s violation of the Bank Secrecy Act (BSA) regulations and guidelines, necessary actions will be taken to stop or terminate these plans. In order to avoid unfair competition with other financial instruments, we issued a notice in the last three weeks of 2018, requiring all users to register as digital currency exchanges and comply with the regulations. (AMBcrypto)
What does gateway mean? It refers to a subset of Ripple. It means that funds are sent through the Ripple network to another account (xCurrent). Ripple addresses can be locked for a period of time until they become inactive and no new funds are generated. Therefore, it has a gateway called the XRP gateway.
What does gateway mean? Simply put, an account can only hold a certain amount of Ripple, but in order to make transactions, it needs to recharge XRP into this account and then use the XRP in the wallet to pay a fee. For some users, the token attribute of XRP is more of an exchange medium, or a special type of function.
Which public chain does Ripple belong to?
According to LongHash, which public chain does Ripple belong to?
Technically speaking, blockchain is an electronic cash system that can communicate with each other. Ripple, on the other hand, is a network that operates completely independently of any entity or institution. Currently, there is also Ripple’s code XRP in the Ethereum network, but it is not used as a currency or payment tool like Bitcoin, which means its value has not been reflected and confirmed.
So why is Ripple considered to belong to a certain public chain? The answer is simple: because it is a distributed ledger protocol that allows transactions, asset transfers, and other related business activities to take place without the need for trust in third parties, thereby enabling the digital economy to flourish.
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