What is Ripple? (XRP, IOUs, Gateway and Validators Explained)

Ғылым және технология

Start trading Ripple here: bit.ly/3ujZdgT
The banking system today uses slow and outdated systems in order to transfer money (i.e. value) around the world. Ripple aims to create the Internet of value called RippleNet - a set of unified rules helping the financial sector use 21st century solutions for fast and scalable transfer of money.
Ripple has two main forms of transferring value - IOUs and XRP. IOUs are representation of debt and can be issued for any type of real world asset. XRP is RippleNet’s native currency which can be used to transfer money quickly around the world.
That’s Ripple in a nutshell. If you want a deeper explanation about Ripple and XRP keep on watching the video, here’s what I’ll cover:
0:42 - The issue with bank transfers
2:34 - Ripple in a nutshell
3:26 - How RippleNet works
4:42 .- RippleNet currencies (XRP, IOUs)
4:57 - IOUs
7:10 - XRP
11:53 - Is Ripple centrazlied?
14:30 - Conclusion
For the complete text guide visit:
bit.ly/2GqnmNX
Join our 7-day Bitcoin crash course absolutely free:
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Learn ANYTHING about Bitcoin and cryptocurrencies on our KZread channel:
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Still have questions? Leave us a comment in the comment section below

Пікірлер: 729

  • @clarencealger8380
    @clarencealger83804 жыл бұрын

    I understood more from your first 3 minutes than my 1 hour reading 5 different articles! I love your format of explanation, thank you!

  • @ryanjburdick

    @ryanjburdick

    3 жыл бұрын

    It's pretty simple. Invest in it. Unfortunately I actually started to pay attention in December 2017.

  • @ryanjburdick

    @ryanjburdick

    3 жыл бұрын

    The fact is it's 1000 faster than Bitcoin. Didn't mention that did ya? And. Fraction of the cost

  • @ryanjburdick

    @ryanjburdick

    3 жыл бұрын

    Bitcoin was the Ford model-t

  • @ryanjburdick

    @ryanjburdick

    3 жыл бұрын

    Great invention

  • @ryanjburdick

    @ryanjburdick

    3 жыл бұрын

    But now we have Ferrari and Lamborghinis

  • @benonkwesiga1952
    @benonkwesiga19525 жыл бұрын

    Ripple explained in plain English. Thanks and keep them coming.

  • @ironclad452
    @ironclad4525 жыл бұрын

    Your videos are some of the clearest and most informative ones out there. Thanks!

  • @99Bitcoins

    @99Bitcoins

    5 жыл бұрын

    Thank you so much for this feedback :) I really appreciate it.

  • @surfersparadise5615

    @surfersparadise5615

    3 жыл бұрын

    excellent as always, thanks

  • @tenyomo
    @tenyomo4 жыл бұрын

    When you say: ''Let me explain''. He will explain it very satisfying. Love you videos man!

  • @spencercochran2891

    @spencercochran2891

    3 жыл бұрын

    yes yes yesss!

  • @crimson3510
    @crimson35103 жыл бұрын

    After two years... I just want to say thank you for this absolutely brilliant and stunning presentation.... 👌👌👌☀️

  • @froggyjosh

    @froggyjosh

    2 жыл бұрын

    I agree! Great video 🙏

  • @hineskittvelvett198
    @hineskittvelvett1984 жыл бұрын

    Informative and unbiased video. The way it should be. Great Job!

  • @renaat100
    @renaat1004 жыл бұрын

    Liking the video before fully watching it is a common thing I do and never regret. You are the BOSS.

  • @99Bitcoins
    @99Bitcoins3 жыл бұрын

    CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻

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    @shin-ishikiri-no

    3 жыл бұрын

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    @claudiaclaudia936

    3 жыл бұрын

    2021

  • @amaigus
    @amaigus3 жыл бұрын

    Phenomenal summary of the relevant issues. Explains the centralization issue nicely. Thank you!

  • @terrancepinkney777
    @terrancepinkney7774 жыл бұрын

    When I have a crypto question or need a crypto technology translator.. this is 100% my first stop on KZread!! Another excellent video well done sir!

  • @patricklucas8008
    @patricklucas80083 жыл бұрын

    I admire the way you explain such technical data in a way I can absorb the information.

  • @koreenthomas4489
    @koreenthomas44893 жыл бұрын

    Thank you this really broke it down and explained it very well then other videos I’ve seen

  • @elainek4000
    @elainek40003 жыл бұрын

    Your presentation of relevant information is impressive & just impeccable -- both as to your delivery & as to your content. Amazing. Thk u.

  • @egv7468
    @egv74683 жыл бұрын

    Thank you for this amazing explanation about XRP...

  • @saranshgokhale8298
    @saranshgokhale82982 жыл бұрын

    What a great video! Really crisp content, explained a lot in a short time

  • @beingintrinsic
    @beingintrinsic2 жыл бұрын

    Your explanation was elegantly simple and helpful! Thank you!

  • @jillpattridge1968
    @jillpattridge19683 жыл бұрын

    Great work. Easy to comprehend what you say Love the bloopers at the end! 🤑

  • @diamontie8
    @diamontie83 жыл бұрын

    Nate, you are the best educator in the complex world of cryptocurrency. Great style, great voice and diction and great delivery of clearly expressed educative information. Thank you for doing this show.

  • @rhasta80
    @rhasta802 жыл бұрын

    Thank you so much for including subtitles on your videos. It so much better for us non native English speakers.

  • @mr.bookman5961
    @mr.bookman59613 жыл бұрын

    Ding, ding, ding! I finally understand! Thank you for simplifying this. Keep up the good work and don't stop.

  • @eustpedro2876
    @eustpedro28764 жыл бұрын

    PERFECT DELIVERY = PAINLESS EDUCATION! Thanks a bunch Nate, keep going.

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    @jonathantamonob29762 жыл бұрын

    Your explanation is very clear and well organized. I do find them are very helpful.

  • @susankhayr3918
    @susankhayr39183 жыл бұрын

    Although the video was two years ago, it is very informative and you are a very good teacher.

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    @rogerd57843 жыл бұрын

    Your presentation and content are awesome as usual.

  • @deepanselvam5808
    @deepanselvam58083 жыл бұрын

    Wow. 2 years ago still so relevant and resourceful. Thank you mate👍🏽

  • @gjproducer313
    @gjproducer3133 жыл бұрын

    Great explanation. Thank you so much.

  • @ikust007
    @ikust0073 жыл бұрын

    This was a sublime explanation. Thank you

  • @gene9744
    @gene97445 жыл бұрын

    That's really great Nate. Not much explanatory sources for the crypto world. You are doing a wonderful job, that too in plain English. Its a great help for persons like me, who are non-English speakers. Thanks.

  • @xajay305
    @xajay3052 жыл бұрын

    Just subscribed. Just excellent content. Thanks

  • @morphius801
    @morphius8013 жыл бұрын

    brilliant and clear explanation. thank you and well done

  • @BSmithLyrix
    @BSmithLyrix3 жыл бұрын

    Your videos are amazing. So glad I happened to stumble upon your channel. 🤟💯🚀

  • @alphaomega1089
    @alphaomega10892 жыл бұрын

    Excellent breakdown. Easy to understand. The first of its kind.

  • @itssamuelrowe
    @itssamuelrowe3 жыл бұрын

    Thank you! This video was really informative!

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    @fareedqumbargi94142 жыл бұрын

    I swear listening to this guy was like 10 articles I found combined. Emaculate performance easy to understand & great explanations, thank you!!! God bless all of you! Love y’all stay safe!!!

  • @WebTrafficDomination
    @WebTrafficDomination3 жыл бұрын

    Amazing as always! Thank you

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    @cristianbejan19704 жыл бұрын

    This is one of the best KZread channels I've ever come across!

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    @suryarathore59213 жыл бұрын

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    @aspiratedaloha29463 жыл бұрын

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  • @fatwallet13
    @fatwallet133 жыл бұрын

    Well explained thanks great info.

  • @rosealexdiesta6831
    @rosealexdiesta68313 жыл бұрын

    It’s so clear and I understand now. Thank you very much

  • @mommyblest
    @mommyblest3 жыл бұрын

    thankyou, im learning much here. Simple and straight

  • @thehistoricalcollaborator
    @thehistoricalcollaborator3 жыл бұрын

    Your videos are excellent, thank you!

  • @Mark-kv6xt
    @Mark-kv6xt Жыл бұрын

    Fantastic video and explanation, thank you Nate

  • @fabsak1280
    @fabsak12803 жыл бұрын

    Very clear and concise - so important

  • @WhoIsCalli
    @WhoIsCalli3 жыл бұрын

    This was very helpful. Thanks guys

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    @RAMKUMARRAMESHR Жыл бұрын

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  • @alecread1069
    @alecread10693 жыл бұрын

    Nate you are a legend! Thanks for all of the simple yet detailed videos, I like The out takes at the end to 😂

  • @99Bitcoins

    @99Bitcoins

    Жыл бұрын

    I appreciate that!

  • @robertw3299
    @robertw32993 жыл бұрын

    I like all your videos and I do find them helpful. In regards to Ripple Crypto, I can see this Crypto system being more acceptable to the current banking system for now.

  • @179kevin
    @179kevin5 жыл бұрын

    Great video one of the best explanations I've seen.

  • @99Bitcoins

    @99Bitcoins

    5 жыл бұрын

    Thank you so much!

  • @shockingvideos1158
    @shockingvideos11583 жыл бұрын

    Man, I just want to say that your way of explaining is awesome. While I was listening to you, I was having feelings that I am sitting in a classroom and listening very important lecture and it is. 👍👏👍👌👏👌😎, please keep doing the very good work. Thanks

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    @user-kq2nk8cg8t3 жыл бұрын

    This is the best of the best contents that I have ever watched cryptocurrency related videos. Very much thanks to teacher~!

  • @rameernam
    @rameernam3 жыл бұрын

    Thanks a lot for your great and detailed explanation about XRP and the future global Banking transactions.

  • @TheMotoKing
    @TheMotoKing3 жыл бұрын

    Very clear and a great video, keep up the good work. Sincerely, The Moto King 🤴

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    @brigittecrombez3 жыл бұрын

    very helpful, thanks for your great work

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    @adhiana8485 жыл бұрын

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    @OlegCapovani3 жыл бұрын

    Amazing explanation, this is definitely the best crypto currencies youtube channel!!!

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    @Gaseedo3 жыл бұрын

    Thanks for the explanations

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    @mariaritchie94545 жыл бұрын

    Very impresive explanation. 😘

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    @spud13003 жыл бұрын

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    @calmate42403 жыл бұрын

    I love your explaining.

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    @nick27j3 жыл бұрын

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    @kenh53733 жыл бұрын

    Wow! It all makes sense now. Thank you.

  • @LeethLee1
    @LeethLee14 жыл бұрын

    Very well done thank you!

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    @aureliabecker50933 жыл бұрын

    Agree very good and to the point content. Thank you

  • @user-kq8rk1vd3u
    @user-kq8rk1vd3u2 жыл бұрын

    Great explanation well organised

  • @cryptotasha9153
    @cryptotasha91532 жыл бұрын

    This is the most clear explanation I have heard. Thank you. Love 99 Bitcoins.

  • @lukaskosztolanyi1
    @lukaskosztolanyi15 жыл бұрын

    I am enjoying your videos. they are clear, well explain. I can see you have to spend some time to put content together. So thank you so much.

  • @99Bitcoins

    @99Bitcoins

    5 жыл бұрын

    Thanks, :) Indeed it takes us about 20 hours to put this sort of video together in total.

  • @degolyohannes542
    @degolyohannes542 Жыл бұрын

    Your videos are concise and short. I lover it

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    @nextgen4.0733 жыл бұрын

    Great information!!

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    @sanjaymathur40112 жыл бұрын

    Very informative... Thank you

  • @patrikduch4524
    @patrikduch45242 жыл бұрын

    very informative :) thank you

  • @kahyeehor7816
    @kahyeehor78163 жыл бұрын

    Thanks Nate. Precise great layman term presentation. May I know when xrp started for sale and initial price. Tqqq

  • @P1lar2012
    @P1lar20122 жыл бұрын

    Great explanation!!

  • @user-qi6zm5di1v
    @user-qi6zm5di1v5 ай бұрын

    Your exploration was elegantly simply and helpful thank you

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    @AnOhioPatriot3 жыл бұрын

    Great information! Thank You for this !!!!👍👍👍👍

  • @edwinmedina4338
    @edwinmedina43382 жыл бұрын

    Im going back to watching what is bitcoin, this is a lot of info for a day. Subscribed btw. Will be back to this great info all around 👍

  • @kicn
    @kicn2 жыл бұрын

    Very Good Explaination. 👍

  • @nycsonic3738
    @nycsonic37383 жыл бұрын

    Best videos to understand crytocurrencies, thanks!!!

  • @tendies
    @tendies3 жыл бұрын

    Thank you for sharing this information

  • @TheStonechin13
    @TheStonechin133 жыл бұрын

    Got yourself a new subscriber 👍

  • @infoasyoufishjumiera378
    @infoasyoufishjumiera3784 жыл бұрын

    good explanations

  • @thewell-engineeredlife7768
    @thewell-engineeredlife77683 жыл бұрын

    Very very well laid out! Thank you for presenting both sides of the story. Q: do validators make it a PoS (proof of stake) system? Or PoW?

  • @codyl8757

    @codyl8757

    3 жыл бұрын

    Neither because there is no "staking" of coins nor is there any solving of a computational math problem (Pow) it is just a poll sent out for the validators to vote on. It's one of the main reasons Ripple is considered far less decentralized as there is no reward for voting so there is technically no incentive for "trusted validators" not to commit fraud

  • @Johann_
    @Johann_3 жыл бұрын

    Hi, thanks for this video, very interesting. Do you think we will be able to exchange crypto through ripple too? 🤔 This would make decentralized currencies centralized when exchanged so I don't think they were created for that purpose but I still wonder 🤔🤔 I don't know if it is manageable with each blockchain either 🤔🤔🤔

  • @edwardwest6987
    @edwardwest69875 жыл бұрын

    Good job, learned a lot!

  • @99Bitcoins

    @99Bitcoins

    5 жыл бұрын

    Thank you :)

  • @mikekron6968
    @mikekron69683 жыл бұрын

    Now I understand XRP much better Thank You

  • @mobrelated5768
    @mobrelated57683 жыл бұрын

    This is an amazing channel for a simpleton like me . Thanks yo broke it down to my level (caveman) and I’m not walking away from the video dizzy and more confused

  • @1baybrook1
    @1baybrook13 жыл бұрын

    I watched your video about a year and a 1/2 ago and decided to do some investigating on XRP long story short I invested and I'm a happy camper today

  • @ExcelTutorials1
    @ExcelTutorials13 жыл бұрын

    thanks for the awesome info!

  • @spencercochran2891
    @spencercochran28913 жыл бұрын

    If I could upvote multiple times, I would send 20. Fantastic video man.

  • @oukkimheak1878
    @oukkimheak18783 жыл бұрын

    Best explainer, I like your video

  • @lydiaheelu2681
    @lydiaheelu2681 Жыл бұрын

    Wow! Thank you for this wholesome yet simple explanation. Highly appreciated 🙏🏾🙏🏾

  • @99Bitcoins

    @99Bitcoins

    Жыл бұрын

    You are very welcome

  • @mehrarobin
    @mehrarobin2 жыл бұрын

    Good explanation, ques - given local banks have invested in technology and now payment transfer between two banks local banks is in real time. There is still a gap for offshore payments/ transfer. Do you reckon ripple is still useable? or Current technologies may join forces and address this issue?

  • @threexfromwsg
    @threexfromwsg3 жыл бұрын

    Excellent video sir.

  • @p.stroker8920
    @p.stroker89204 жыл бұрын

    what does it mean for a bank to keep an open tab using IOU without ever closing it in the facilitation of bank-to-bank transfers?

  • @microhard4997
    @microhard49974 жыл бұрын

    Great video!! Keep it up!

  • @62madmax1
    @62madmax13 жыл бұрын

    wow, awesome video, thanks nate,

  • @charlfloms3189
    @charlfloms31894 жыл бұрын

    Subscribed to this channel I like the way he explained everything , so many XRP channels over hyping XRP for years hoping the coin the go to the moon soon but will see what happens. I have 5090 XRP and will just leave it there and forget about it, thinking about investing on other alt coins like ethereum, so far the crypto market has been looking pretty bearish, bitcoin recently hitting $9600 only to fall back to $9100 currently sitting at $9270. Fun to watch these stuff and learn. Have a great day!

  • @user-ty4zb5uo2p
    @user-ty4zb5uo2p4 ай бұрын

    Thank you to your explanations

  • @thoralder4963
    @thoralder49636 ай бұрын

    Great, easy to understand exclamation the best so far that I’ve come across. Thank you.

  • @99Bitcoins

    @99Bitcoins

    6 ай бұрын

    You're very welcome!

  • @marioyard1228
    @marioyard12284 жыл бұрын

    Thanks for all the explanations could explain what is CRU

  • @99Bitcoins

    @99Bitcoins

    4 жыл бұрын

    Sorry but I've never heard of CRU in relation to Ripple / XRP.

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