![imagen.png](https://cdn.steemitimages.com/DQmVr9McAJvTei4tDBfzUujWMURUvtNNkCjfa3hd7Rih9ig/imagen.png) [Source](https://medium.com/astec/altcoins-b68499b464f9)

Introduction of AltCoins.

Happy to start the week of the cryptoacademy, this will allow me to continue learning about this great world of investments, AltCoins I can say that they are currencies created with the purpose of being alternative currencies to botcoin, which would acquire better properties than those owned by bitcoin and that it was used both with banks and people around the world. Today I will talk about the Ripple cryptocurrency "XRP", happy start to the season.

Ripple “XRP”

![imagen.png](https://cdn.steemitimages.com/DQmQV4VNUmQcs1UvdRh8TuRezZEAmZXYj7N9QeASYGpCcQp/imagen.png) [Source](https://xrpl.org/)

Its creation was between 2011 and 2012 by CEOs Larsen Chris and Jed Mccaleb, large stock investors, they wanted to create a currency so that the population would not depend on btc, when they created the project, they finally did it so that ripple was a currency alternates to the other cryptocurrencies, that it was a currency that everyone would use in their daily use for exchange methods with other currencies and for them to use it as a payment method in basic services where there would be a minority of businesses where they would accept it, this cryptocurrency has its own blockchain with unique algorithms, with a peer to peer credit system, so as not to depend on external servers to safeguard your customer transfer data. Currently its base is in San Francisco USA.

Ripple and its operation.

![imagen.png](https://cdn.steemitimages.com/DQmVuCzTekTZsxMxHtDpYZrBDYEoXkURuFhfTw1WSXPbhWf/imagen.png) [Source](https://i.pinimg.com/564x/85/f0/53/85f0533df9912c5bd700903a918930c8.jpg)

Its transactions work in real time to be used as a method of digital payments, both for banking and business transactions and it is used through blockchain technology, this cryptocurrency is characterized by being a very attractive one for banks because its transactions are carried out in a range of 5 seconds which makes it faster than bitcoin, this cryptocurrency is not mineable, which means that the ripple tokens that exist are limited, it is currently linked to many important banks such as BBVA, BOA, Santander bank, among Others, this cryptocurrency is considered by many an alternative cryptocurrency where it can be used for transfer payments and to make international remittance payments, it could even be used for business due to its great volatility.

![imagen.png](https://cdn.steemitimages.com/DQmQuM6fg8pLkByhzkECh6Xr81YyKkxo2mrRoiihJDxGcAz/imagen.png) [Source](https://es.investing.com/crypto/xrp)

Advantages and disadvantages

![imagen.png](https://cdn.steemitimages.com/DQmNMxB3bQ4kJ1SjXbe2JjmXjCZnwhhCaoif1962nGGEuyE/imagen.png) [Source](https://iswugaps2extremeprogramming.files.wordpress.com/2015/09/clipart_of_31983_smjpg_2_0.jpg)

Among the advantages we have

+ owns its own blockchain

+ Low cost and fast transactions between exchanges.

+ It is accepted by the vast majority of exchanges and some businesses worldwide.

+ There are several bank investors who support the project.

The Disadvantages we have are

- Some investors say that the developers kept a large part of the tokens to control their price.

- It is a partially centralized system.

- This system depends on financial entities, which have investments and support the project.

- There is great indifference of confidence among investors about this cryptocurrency.

- Not mineable.

Conclusión

The Ripple Cryptocurrency like other altCoins are in a bullish boom today and for this reason many investors are relying more on making an investment, currently a great volatility is being appreciated in the ripple cryptocurrency, which makes it a very good choice for trading and for hold, this cryptocurrency currently has a very attractive price which is providing a very good long-term choice for many investors, large financial institutions feel very calm because of their large investors who depend on this cryptocurrency because it has its own blockchain.

For: @yohan2on @steemcurator01 @steemcurator02 @steemitblog