XRP and the XRP Ledger are open-source technology that anyone can build on. My opinion: The technology of XRP is amazing, and it is indeed faster, cheaper and more scalable than most of the existing decentralized chains (like Bitcoin or Ethereum).
Ripple project.
One of the main features of the Ripple cryptocurrency is that you can’t use mining because developers just delete this possibility. A third of the created coins were released to the market and distributed for active traders and other coins remained by the developers. An alternative of Ripple blockchain is gateways, the operation of which depends on the company's servers around the world. Ripple develop through collaboration with banks. The more successful contracts, the higher the capitalization and price of XRP tokens.
Pros & cons
Alternative blockchain (gateways, the operation of which depends on the company's servers around the world)
Very high capitalization on the crypto market.
This project is centralized.
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