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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 ...
Ripple relies on a common shared ledger, which is a distributed database storing information about all Ripple accounts. Chris Larsen told the Stanford Graduate School of Business that the network was managed by a network of independent servers which compare their transaction records, and that servers could in theory belong to anyone, including ...
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 ...
XRP (CRYPTO: XRP), the digital currency of the Ripple blockchain, has taken its investors on a wild ride since its market debut in 2013. It started trading at $0.0058893, soared to an all-time ...
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.
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 ...
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.