How Does Ripple Work? Is It CENTRALIZED? A Simple Explanation With Examples!

I finally took some time and did thorough research of Ripple just to see what its purpose is, how it works, and whether or not it’s centralized (and if so, to what extent). I learned a lot about Ripple so I wanted to share with you my findings in this overview video with plenty of examples!

Some high-level topics:
– Ripple ledger, network, open-source consensus protocol
– Real-time gross settlement, remittances, forex currency exchange
– IOUs vs XRP for payment transactions
– Banks and liquidity providers
– XRP as a bridge currency (avoids counterparty risk)
– Market maker definition and role
– Consensus protocol and ledger
– Centralization and balance freeze

I hope this helps! P.s. I do not own any Ripple, nor am I a shill for it!

********************************************
Hey everyone, thanks for watching. If you enjoyed this video please give me a LIKE and SUBSCRIBE to catch all my future content. If you have any questions definitely leave me a comment below and I’ll try my best to get back to you!

Disclaimer: I am not an official investment advisor – everything I say is purely my opinion. Some of my videos are sponsored, those will be clearly marked by YouTube. If you’re dealing with a new process it’s always RECOMMENDED to try out the whole process end-to-end with a smaller amount before you move the bulk of it.

If you want to sign up for various exchanges, you can use my referral code for bonuses. I use all of these exchanges and recommend them:
Coinbase/GDAX: https://www.coinbase.com/join/5925a6f5f35ce600bcd082d2
Binance: https://www.binance.com/?ref=11165323
Kucoin: https://www.kucoin.com/#/?r=1KRQ5QR
Changelly: https://changelly.com/?ref_id=38a4c94cf5c4
Cryptopia: https://www.cryptopia.co.nz/Register?referrer=stellarowl12

Also be sure to check out our communities:
Facebook (Main Group): https://www.facebook.com/groups/cryptoforbeginners/
Facebook (Trading): https://www.facebook.com/groups/tradingforbeginners/
Facebook (Mining): https://www.facebook.com/groups/miningforbeginners/
Facebook (ICOs): https://www.facebook.com/groups/icoforbeginners/
Steemit: https://steemit.com/@btcforbeginners
Instagram: https://www.instagram.com/btcforbeginners/
Twitter: https://twitter.com/btcforbeginners/

Intro Music Credits:
‘Soaring Intro A”
Jay Man – OurMusicBox
http://www.youtube.com/c/ourmusicbox