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The open-source project was originally called "Ripple", the unique consensus ledger was called the Ripple Consensus Ledger, the transaction protocol was called the Ripple Transaction Protocol or RTXP and the digital asset (known as "ripples") using XRP as the three-letter currency code to follow the naming convention of BTC for Bitcoin.
Ripple (XRP) is a real-time gross settlement (RTGS) system, which is a specialist money transfer network, currency exchange and remittance network. It was created by Ripple Labs Inc., which is a U ...
In September 2017, blockchain startup R3 sued Ripple for specific performance of an option agreement in which Ripple agreed to sell up to five billion XRPs (the native cryptocurrency of Ripple protocol) for a price of $.0085. Ripple countersued, claiming that R3 reneged on a number of contractual promises, and was simply acting in a spirit of ...
January 3, 2009 Satoshi Nakamoto: BTC. PoW with Nakamoto Consensus Yes (scripts) No No Probabilistic UTXO: First and most well-known blockchain of all; BTC is the most valuable token in terms of market share. [1] [2] Litecoin: Oct 8, 2011 Charlie Lee LTC PoW: Yes (scripts) Yes [1] [3] Peercoin: Aug 19, 2012 PPC PoW: Yes (scripts) No [1] [4 ...
XRP, the coin behind the Ripple blockchain, also surged recently, jumping up to $1.26 to surpass Dogecoin as the sixth most valuable crypto, according to CryptoNews.com.
Ripple operates the payment network RippleNet. That network consists of a collection of banks and payment providers that have signed on to use Ripple’s blockchain network for international payments.
An alternative version of Ethereum [54] whose blockchain does not include the DAO hard fork. [55] Supports Turing-complete smart contracts. 2015 Nano: XNO, ΣΎ Colin LeMahieu Blake2: C++ [citation needed] Open Representative Voting [56] Decentralized, feeless, open-source, peer-to-peer cryptocurrency. First to use a Block Lattice structure. 2015 ...
Ripple Labs created the Ripple blockchain as a payment network for cross-border transactions. As great as technology is in 2024, cross-border transactions are still somewhat cumbersome.