Read the success stories of crypto entrepreneurs.

Discussions are fun when we are part of a community.
Login Free Registration

Get 10 AltcoinN Points just by registering on this forums.

What is Ripple? How is XRP Related to Ripple?


[Image: 1574776275_ss-ripple-e1574771401863-640x400-696x435.jpg]

[b]Ripple is a financial settlement protocol to facilitate near-instant monetary transfers between two parties. [/b]

It is a product of the San-Francisco based fintech company Ripple Labs. Chris Larsen and Stellar founder Jed McCaleb created Ripple to connect banks, payment providers, cryptocurrency exchanges for real-time, cost-effective, global money transfers. 
[b]What is XRP[/b]
The protocol’s native crypto asset XRP powers all transaction activity on the Ripple Network or RippleNet. A shared public database/ledger called the XRP ledger records all XRP transactions. 
Independent validating servers maintain transparency in the XRP ledger by comparing these records. Ripple Labs’ patented Ripple Protocol Consensus Algorithm (RPCA) helps achieve consensus. 
But even with a consensus mechanism in place, Ripple is not a blockchain-based technology. 
The protocol doesn’t involve established blockchain practices like mining or staking. Pre-issued 100 billion XRP tokens fuel all transaction activities. 
Ripple facilitates peer-to-peer…

Possibly Related Threads…
Thread Author Replies Views Last Post
  Why Banks Keep Blocking Cryptocurrency-Related Transactions BelaBalog 0 416 07-12-2020, 06:08 PM
Last Post: BelaBalog
  Ripple Releases 1,000,000,000 XRP Worth $226 Million MegaMind 0 486 03-20-2020, 08:50 AM
Last Post: MegaMind
  RIPPLE (XRP) Coinz 0 444 03-16-2020, 09:27 AM
Last Post: Coinz
  RIPPLE (XRP) Mabel1 0 444 03-13-2020, 07:40 PM
Last Post: Mabel1
  Ripple Price Approaching Support Nana 0 408 02-21-2020, 03:28 PM
Last Post: Nana