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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. [12] 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".
The SEC argues that XRP should be classified as a financial security like a stock or a bond, meaning Ripple (as the issuer) would have to operate under a strict set of regulations.
Wallet A cryptocurrency wallet is a device used to store and manage crypto holdings. It safeguards private keys, which are essential for accessing and controlling your coins.
The defendants agreed to turn over all data involving XRP transactions. [33] 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.
A deterministic wallet seed phrase of a crypto wallet. A sequential deterministic wallet utilizes a simple method of generating addresses from a known starting string or "seed". This would utilize a cryptographic hash function, e.g. SHA-256 (seed + n), where n is an ASCII-coded number that starts from 1 and increments as additional keys are ...
MetaMask is a software cryptocurrency wallet used to interact with the Ethereum blockchain.It allows a user to access their Ethereum wallet through a browser extension or mobile app, which can then be used to interact with decentralized applications.
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TON, also known as The Open Network (previously Telegram Open Network), is a decentralized layer-1 blockchain.TON was originally developed by Nikolai Durov who is also known for his role in creating the messaging platform, Telegram.