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      "body": "![DA-Ransbotham-Blockchain-Data-Storage-Business-Model-Bitcoin-1200-1200x627.jpg](https://steemitimages.com/DQmc7y9aRQfaSggSh18xmDqSCuAEASvo2gGsqFAJ1iVHhF5/DA-Ransbotham-Blockchain-Data-Storage-Business-Model-Bitcoin-1200-1200x627.jpg)\n\nIf you are interested in getting into Bitcoin or other cryptocurrencies, it is very important that you understand the underlying mechanism which makes the smooth functioning of these currencies possible – blockchain technology. This term is often thrown around, but it seems as though not everyone knows what it is. The goal of this text is to briefly explain how it works, why it was implemented, and how it impacts the overall functioning of Bitcoin as a payment method.\n\nWhat exactly is a Blockchain?\n\nBriefly put, a Blockchain is a digital, decentralised public list of all transactions made on the network. The most recent transactions get added to the list periodically as a new ‘block’ in the blockchain. These blocks are constructed and added to the chain in chronological order, allowing every user to have insight into all the transactions that are made on the network, without relying on a central authority to determine the veracity of individual transactions. Every user, or ‘node’ as they are called in technical terms, gets a copy of the entire blockchain. This is downloaded to their computer automatically.\n\nThough blockchain technology was developed to keep track of transactions for Bitcoin specifically, the same sort of Distributed Ledger Technology can be used to record any sort of document. That means that the record cannot be changed once it is made. It also implies that the entire community can verify all the contents of the chain, and that any major decision must be taken through consensus.\n\nWhat is a block, then?\n\nThe term ‘block’ refers to the current part of the Blockchain, one that is being recorded at the moment. Most or all of the transactions taking place at present are being recorded in the current blockchain. Once it is up to capacity, it is considered ‘completed’ and gets permanently added into the Blockchain. Once it is in the Blockchain, there is no way to alter the record, or delete the transactions within, which is precisely the point of the entire DL technology.\n\nThere is an almost limitless number of these blocks in the chain, which are all connected to each other in a strictly linear, chronological order, with each block containing a hash of the previous block. Inside the Blockchain, records of all the addresses and balances of all the users that have made any transaction on the network are kept, from the very first block, to the most recent one. These blocks are added to the chain using cryptography, which means they cannot be tampered with. This information can thus be distributed, but not copied. Still, the fact that every transaction is recorded along with all the information pertaining to all the parties which made the transactions, the ever increasing size of the chain can cause synchronization problems, as well as problems with storage.\n\nRead the whole article: http://moderninvestor.io/What-is-the-blockchain/",
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      "body": "![ripple-image.png](https://steemitimages.com/DQmdgcFrUbjyEhQ3geskD1sk8aeVNdqBaoA5SjcmbKauRYj/ripple-image.png)\n\nRipple XRP along with ripple wallet is one of the few cryptocurrencies that has managed to hold its own weight against other cryptocurrencies such as Ethereum and Bitcoin. Ripple is a decentralized and highly scalable cryptocurrency tailored towards offering payment solutions. Its high operability buoyed by seamless integration with financial service provider makes it a currency worth holding.\n\nWhy should you purchase Ripple?\n\nIn brief Ripple has the offers the following positive features;\n\n• Interoperability: Ripple can be used to purchase other cryptocurrenies, fiats and precious metals.\n\n• Speed of transactions: If you have ever used Bitcoins you might be aware of its slow confirmation rates. Ripple is the exact\nopposite. It is first with no downtime.\n\n• Decentralization: With a decentralized protocol, XRP is not controlled by any particular entity and its price is reliant on supply and demand.\n\n• Price: Of all top 5 cryptocurrencies, Ripple is one of the cheapest. It is also one of the most stable cryptocurrencies and its price has steadily shored up within the last few years.\n\n• Security: Ripple is by far the most secure of all the major cryptocurrency options in the market. Transactions on its ledger are highly secured against clash and crash.\n\n• Confidence: Ripple has managed to pull up the confidence of hundreds of banks across the world. This is in addition to other reputable institutions such as Microsoft and MIT.\n\nPoints worth noting before purchasing ripple wallet\n\n• Just like other cryptocurrencies holding ripple coins requires one to have a wallet.\n\n• For security purposes, one is required to hold a base amount of 20 XRP in their ripple wallet\n\nGetting your ripple wallet\n\nDue to the fact that each ripple wallet requires holding a minimum of 20 XRP it is important to have as few wallets as possible. This means looking for the best wallets one can find in the market. There are many software ripple wallets. This article will touch on a few noteworthy ones. Unfortunately, there is only one hardware wallet for Ripple. It will also be featured below.\n\nRead the whole article: http://moderninvestor.io/Ripple-Wallet/",
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