Lightning cryptocurrency exchange
Ripple is a blockchain-like payment system launched by OpenCoin Inc in 2012 that focuses on non-chargeback currency exchanges.
Ripple works not only with cryptocurrencies, but also fiat currencies and commodities. That being said, it is worth highlighting the difference in the names of Ripple and XRP. Until recently, an equal sign was put between these two names. Now, Ripple is the name of the company, and XRP is the internal cryptocurrency of the Ripple network.
What is a Destination tag and should it be specified?
Destination tag is a payment identifier in Ripple and other coins. When exchanging on our service, be sure to indicate the tag when sending coins.
If it happened that you forgot to specify the tag or specified it incorrectly:
- If you forgot to specify the tag, the transaction on our service will not work. You can re-create the transaction with a tag and send it.
- If the tag was specified incorrectly, please contact our technical support service and we will help you.
R-address is a regular address that starts with “r”. The tag is generated automatically when placing an order.
X-address (new format) — starts with “x” and contains the destination tag.
If the wallet does not support X-address
If your wallet does not support X-address, you can use R-address with a tag. You can use the Xrpaddress service to convert the address.
The advantage of XRP over competitors is that the speed of financial transactions is almost instantaneous. An interesting feature is that the speed will not be affected by either the price or the Ripple rate, and even the load on the network will not be a problem.
TRON at a glance
TRON is a blockchain-based decentralized open source platform founded by the Chinese company TRON Foundation, which is registered in Singapore. The main cryptocurrency platform is TRONIX (TRX). For the first time, the platform became known in the summer of 2017 from the Chinese entrepreneur Justin Sun.
Transaction processing speed in the TRON blockchain
The network is capable of processing about 1,500 transactions per second. The speed will directly depend on how many users are currently making transfers. On average, it will take up to 3 minutes to confirm your transfer. As the number of active nodes increases, this time may change.
exchange in 3 easy steps
- Enter the desired amount of Ripple and write your wallet address to receive currency.
- Click the “Exchange now” button and you will be taken inside your order.
- Send Ripple to the address from your order, after the required network confirmation, Tron will be sent instantly.