Ripple XRP Full NodeDesktop Wallet — storage for cryptocurrency, which is a program for installation on a PC for subsequent work with virtual coins via the Internet. All wallets are classified into two types – “cold” and “hot”. The former can work without being connected to the Network, and for the latter, this condition is mandatory. Local wallets are hot and need to be connected to the world wide web. The question is which program to prefer, how to configure it, and what rules to follow to ensure security.
The local Ripple wallet is considered a suitable option from a position of security and ease of use. Such wallets are equally popular among beginners and experienced cryptocurrency holders.
To get started, it’s important to understand the difference between XRP, Ripple, and RippleNet. XRP is a currency that runs on a digital payment platform called RippleNet, which sits on top of a distributed ledger database called XRP Ledger. While RippleNet is managed by a company called Ripple, Ledger XRP is open source and not based on the blockchain, but on the previously mentioned distributed ledger database.
RippleNet payment platform is a real-time gross settlement system (RTGS), the purpose of which is to provide instant cash transactions worldwide. Although XRP is a cryptocurrency embedded in the XRP register, you can use any currency to perform transactions on the platform.
Although the idea of the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it was only when Jed McCaleb and Chris Larson took up the project in 2012 that Ripple began to be created (at that time it was also called OpenCoin).