Corda Architecture Working Group – 2017/08/24

Centralised crypto-coins are a code-based resource created to be employed as a medium of trade. New units can be found by mining. Everyone can do this if they've access to a device.

Mining uses a large amount of time and electricity, though. A high-powered machine is also vital, to mine profitably. On the other hand, Ripple is a centralised coin, which can't be mined. A limited supply of coins were created by the company and this amount will never be added to. 

Keen to purchase XRP? The process is quite simple but one must exercise caution, whenever initiating an internet purchase of any kind.

Nowadays, in excess of half of all purchases are made over the net. Online shopping is simple and easy, meaning that additional numbers of individuals are turning to this method rather than fighting the throngs in the stores. The internet also lets people to perform better research and secure the best deals. However, there still is a murky aspect of online shopping. Here are the vital protocols, consumers must follow.

Only purchase from your own home. Criminals can easily access your data when you take advantage of free-for-all wifi connections, which means it is less risky to order from your living-room than in internet cafes. Avoid making purchases when waiting at airports, guesthouses or any kind of public free wifi zones.

Beware of Twitter/FaceBook offers. You cannot rely on these sorts of deals as the majority of URLs are deceptive. That means you can't know if the link transports you to a genuine website.

Purchase with a credit card. Avoid using your debit card. More than 50% of debit cards require that acts of fraud be reported in less than a couple of days to qualify for limit liability. Never wire money to vendors. You won't be able to get your cash back when you do this. Always look at credit card bills. Put online receipts in a secure email folder, so that you may crosscheck payments.

Don't provide any more info than necessary. You don't have to provide a driver license number. They don't need your social security details either. If any website demand this info, it is untrustworthy. Pick long passwords that you still can recall. If your phone/PC offers to store passwords, always select 'No'. Should someone else gain access to your machine they could find your credit card number and code.

Don't get caught out by gift card scams. When you are sent an email which states you can receive a gift card but also requests your credit card information, ignore it. Law-abiding businesses won't ask this type of info. Please remember this, as it's important that customers remain cautious when buying online. Order from home and first establish that the seller is trustworthy.

Be sure to add CrypMkt.com to your favorites and come back every day to find out about everything happening with Ripple.