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The XRP Ledger peer-to-peer overlay network is characterized by a small-world network topology, featuring a tightly clustered structure and short paths between nodes. [10] Information systems expert Mary Lacity notes that this platform "uses much less electricity than Bitcoin—about as much electricity as it costs to run an email server".
5. Ripple (XRP) XRP is the token used on the XRP Ledger, a payment platform created by Ripple. XRP aims to make international payments faster and cheaper, especially for banks and financial ...
"The XRP Ledger is an open-source cryptographic ledger powered by a peer-to-peer network of nodes". "XRP Ledger is Ripple's open-source blockchain with the XRP coin as its native asset. It runs independently of the Ripple company, although Ripple uses it for various purposes."
The XRP cryptocurrency was created in 2012 by a technology company called Ripple, which built a payment network called RippleNet. This network allows banks and financial institutions to send money ...
On 6 July 2016, the first payment using the Interledger Protocol was transmitted between two different ledgers, the Bitcoin ledger on Bitstamp and the XRP ledger on GateHub. [7] In July 2017, the Bank of England carried out a successful test of the Interledger Protocol. This test transaction synchronized payments between the central bank’s ...
The defendants agreed to turn over all data involving XRP transactions. [30] In July 2023, the district court ruled on the SEC lawsuit, finding that the XRP token sold by Ripple Labs was not a security. However, if sold in institutional sales, or used as a fundraiser, such actions could be classified as a security in those circumstances.
Ledger state Notes Refs. Bitcoin: 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 ...
The first and most widely used decentralized ledger currency, [8] with the highest market capitalization as of 2018. [9] 2011 Litecoin: LTC, Ł Charlie Lee: Scrypt: C++ [10] PoW: One of the first cryptocurrencies to use scrypt as a hashing algorithm. 2011 Namecoin: NMC Vincent Durham [11] [12] SHA-256d: C++ [13] PoW: Also acts as an alternative ...