what is disadvantages of ripple current
Answers
Explanation:
Ripple is wasted power, and has many undesirable effects in a DC circuit: it heats components, causes noise and distortion, and may cause digital circuits to operate improperly. Ripple may be reduced by an electronic filter, and eliminated by a voltage regulator.
What is Ripple
Ripple (XRP) is composed of two separate components: XRP and RippleNet, XRP is considered a cryptocurrency, while RippleNet is a payment network designed for enterprise, It was built to allow banks and other institutions to transfer money and assets across borders more quickly and with lower transaction fees.
Ripple disadvantages
Ripple has a few drawbacks that you should keep in mind: Ripple is pre-mined, there exist little or no incentives for common nodes to work in the network, that leaves the corporates such as banks to offer the validator nodes, so, only a few nodes are needed to run the network, it is not really distributed, Ripple comes with the same risks as any other cryptocurrency, so you should invest only what you are prepared to lose.
Ripple not only had positive developments to report but the company behind the protocol was often criticized for various business practices, it is stated that although the company promised to pass on a large proportion of the XRP to the users of the network, so only small amounts have been transferred.
Centralization is one of the goals of the cryptocurrency movement is to decentralize currencies, Ripple doesn’t align to this as the company owns 60% of all XRP, Ripple doesn’t have broad, appeal apple has limited daily-life use as it is designed only to be used by large financial institutions, This is considered a drawback by many would-be investors and could potentially limit future growth.
Another common theme of cryptocurrencies is that they’re distributed, As there is no mining needed for XRP, corporate institutions like banks operate as validator nodes, Ripple isn’t distributed like other cryptocurrencies, Ripple hasn’t prioritised privacy and anonymity like many other currencies have, such as Monero.