Before we talk about how to buy Ripple, let’s discuss what Ripple is. Ripple is a technology that serves a dual purpose; it acts as both a digital payment network for transactions and also as a cryptocurrency. Ripple works on a peer-to-peer decentralized platform and is open source. Money can be transferred from source to receiver via a gateway, which acts as a credit intermediary. This allows for money to be transferred in any form, be it in bitcoin, litecoin or even USD.
Before learning how to buy IOTA, let’s make sure you have a full understanding of what IOTA is. IOTA has been derived from the Internet of Things (IoT). IOTA is an innovatively next-generation public distributed ledger that makes use of a novel invention, known as a “Tangle”, which is based on Directed Acyclic Graph (DAG). It can be referred to as a “Blockchain without Blocks and Chains”. This unique architecture enables IOTA to work differently from other Blockchains. As IOTA has no miners, each participant in the network who wants to make a transaction needs to participate in the consensus of the network by approving two previous transactions without paying any transaction fees. This confirmation on the validating of two past transactions ensures that the whole network achieves consensus and offers a wide range of unique features.