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| comment | | "parent_author":"",<br>"parent_permlink":"cryptocurrency",<br>"author":"changenow",<br>"permlink":"monero-steem-stellar-ripple-what-makes-them-different-for-exchange-transactions",<br>"title":"Monero,<br> Steem,<br> Stellar,<br> Ripple. What makes them different for exchange transactions?",<br>"body":"When you send and receive cryptocurrency via an exchanger you usually come through a number of standard steps\u200a\u2014\u200ayou choose the currency you want to exchange,<br> specify the amount,<br> and then indicate the currency you want to receive. The system automatically calculates how many coins you\u2019ll receive at the best rate.\nHowever,<br> some cryptocurrency systems have small differences. Let\u2019s make everything clear. What is the difference between transactions in Monero,<br> Steem,<br> Stellar and Ripple networks? Spoiler alert: the difference lies in the transaction tags.\n\nInside the STEEM platform there is a concept of \u201cmemo\u201d\u200a\u2014\u200ait is a combination of numbers and letters that is unique for each wallet. If you want to buy or exchange STEEM,<br> make sure you entered the memo correctly together with the wallet address. But if you are a registered user on steemit.com you can use your nickname as a wallet address,<br> and then you do not need to deal with the memo. Stellar has the same system of tags,<br> and it is also known as a memo\u200a\u2014\u200abe careful!\n\nRipple (XRP) network has its own similar tags\u200a\u2014\u200aa destination tag is a short combination of letters for each Ripple wallet. Therefore,<br> when buying or exchanging XRP,<br> make sure that you correctly entered this tag. On the other hand,<br> when you are sending Ripple,<br> you must indicate the destination tag in the payment specification section,<br> which is usually specify next to the address to which you need to send funds to convert.\n\nMonero (XMR) works in a similar way,<br> it requires a Payment ID,<br> which identifies each transaction. However,<br> this feature is optional. The payment ID is generated directly in the XMR wallet.\n\nCongrats on finishing the article! You are now a destination tag,<br> payment ID and memo PRO!\n\n![memos_CN.jpg (https:\/\/steemitimages.com\/DQmXMwb7bvNYfkdUcApzH2yNZerQJuP7dpAcmCL8Wx6yYLZ\/memos_CN.jpg)",<br>"json_metadata":" \"tags\":[\"cryptocurrency\",<br>\"monero\",<br>\"steem\",<br>\"ripple\",<br>\"stellar\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQmXMwb7bvNYfkdUcApzH2yNZerQJuP7dpAcmCL8Wx6yYLZ\/memos_CN.jpg\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " | | vote | "voter":"changenow",
"author":"changenow",
"permlink":"monero-steem-stellar-ripple-what-makes-them-different-for-exchange-transactions",
"weight":10000 |
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