Famous rating - FAQ

FAQ


XRP Famous

  • It's a funny experimentation with a website that allows you to rate famous people, places... by making transactions with the XRP digital asset.
    This application has been made to make people discover the internet of value using the XRP ledger.
  • It is recommended to use Firefox browser (more stable).
  • If your transaction is badly received on the web site XRP Famous, you can check it or validate it with the hash in the Explorer menu.

XRP

  • It's a digital asset for payments. The currency symbol is .
    There is a max supply of 100 billion XRP, being divisible by 6 decimal places, meaning that the smallest unit (one drop) is 1 millionth of 1 XRP.
    More informations here.
  • The XRP Ledger is built on open-source technology since 2013.
    It is the public distributed consensus ledger that XRP is native on (compared to blockchain technology that Bitcoin is based on).
    It supports a decentralised exchange for other assets, fast payments, and more.
  • XRP is a crypto currency, a digital asset that lives on a public ledger that can be transferred using digitally signed transactions. XRP is the digital asset native to XRP Ledger.
    The XRP Ledger is an open-source, distributed ledger.
    Ripple is a privately held company.
    Ripple describes RippleNet as “a global network of banks and payment providers using Ripple’s distributed financial technology, which provides real-time messaging, clearing and settlement of financial transactions”.
  • Bitcoin was developed as a digital currency for the purpose of paying for services and goods. Bitcoin is the payment network and bitcoin is the digital asset used in the Bitcoin payment network.
    Ripple has been created for banks and payment networks as a payment settlement, money transfer and exchange system. Ripple's main idea was to create a real-time direct asset transfer system that would be cheaper, more transparent, and more secure than existing payment methods, such as Swift payments. RippleNet is the payment network and XRP is the digital asset used in the RippleNet payment network.

    Bitcoin was founded in 2009. Bitcoin is maintained by a group of motivated developers. It is a decentralized system that is not governed by any bank, government or third party. It was created by a mysterious person or a group of people, called Satoshi Nakamoto.
    XRP was founded in 2012. XRP, on the other hand, is developed by a private company with set goals and investors. XRP was conceived by its founders, Chris Larsen, Jed McCaleb and Arthur Britto.
  • At this time, Bitcoin transaction confirmations take an average of 10 minutes, while XRP transaction confirmations take 4 seconds.
  • This is a top misconception with the XRP Ledger. Centralization implies that a single entity controls the Ledger. While Ripple contributes to the open-source code of the XRP Ledger, it doesn’t own, control, or administer the XRP Ledger. The XRP Ledger is decentralized. If Ripple ceased to exist, the XRP Ledger would continue to exist.