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Ripple is a real time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., US based technology company. Released in 2012, Ripple is built upon a distributed open source protocol, and supports token representing fiat currency, crypto currency or other units of value. Ripple purports to enable “ secure, instantly and nearly free global financial transactions of any size with no charge backs.
Ripple was conceived by Jed McCaleb and built by Arthur Britto and David Schwartz who then approached Ryan Fugger who had debuted in 2005 as a financial service to provide secure payment options to members of an online community via a global network. Fugger had developed a system called Open Coin which would transform into Ripple. The company also created its own form of digital currency referred to as XRP in a Manner similar to Bitcoin, using the currency to allow financial institutions to transfer money with negligible fees and wait-time.
Ripple Labs continue as the primary contributors of code to the consensus verification system behind Ripple, which can “ integrate with banks” existing network. The protocol has been adopted by an increasing number of financial institutions to an alternative remittance options to consumer.

How is it Fundamentally Different From Bitcoin?

It is the validating servers and consensus mechanism that tends to lead people to just assume that ripple is a blockchain- based technology. While it is consensus oriented, Ripple is not a blockchain. Ripple uses Hash Tree to summarize the data into a single value that is compared across its validating servers to provide consensus.
Bank seems to like Ripple, and payment providers are coming on board more and more. It is built for enterprises and, while it can be used person to person, that really isn’t its primary focus. The main purpose of the ripple platform is to move lots of money around the world as rapidly as possible.
Ripple’s token, XRP isn’t mined like Bitcoin, Ethereum, Litecoin and many other cryptocurrencies. Instead, it was issued at its inception, similar in fashion to the way a company issues stocks when it incorporates

What is Ripple’s Value Propositions?

The value here is the Ripple network itself and its ability to move assets around the world quickly, rather than in the XRP token.
Banks are able to use the Ripple software to shift money between different foreign currencies. Currently, this is typically accomplished using Swift, a system that is cumbersome and relies on the banks having separate accounts in every country they work in. Ripple says its has signed up more than 100 banks including American Express.

To Invest or Not To Invest ?

All in all, Ripple and their XRP Cryptocurrency are subject to a great deal of argument both in favor of and against it. However, their target market and technology are solid.
Betting against the banks never seems like a good idea, but heavy competition is to be expected. Why would banks use the cryptocurrency of an external company when they are able to create their own blockchain internally ?
Ripple network is impressive and expanding. The highly skilled leadership gives confidence to a sound vision and strategy. Price manipulation may occur and there are plenty of committed naysayers to Ripple, but who needs individual investor when you have the support of big players in the financial system

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