Ripple is the world's first open payment network. Through this payment network, you can transfer any currency, including US dollars, Euros, Renminbi, Japanese Yen or Bitcoin. It is easy and fast, and the transaction is confirmed within a few seconds. Completed, the transaction cost is almost zero, there is no so-called cross-banking and cross-border payment. Ripple is an open source point-to-point payment network that allows you to easily, cheaply and securely transfer your money to anyone on the Internet, no matter where he is in the world. Because Ripple is p2p software, no one can create a ripple account with no personal, company or organizational controls.
Like all bitcoin, Ripple (XRP) is a digital currency based on math and cryptography, but unlike Bitcoin, which has no real use, XRP has the main bridge currency and guaranteed security features in the Ripple system, where security is guaranteed. The functionality is indispensable, which requires that the gateway participating in this protocol must hold a small amount of XRP.
More than 100 banks, payment service providers and digital currency exchanges currently handle payments and provide liquidity to create new, competitive cross-border payment services for their clients.
2. Basic Information
- Name: Ripple
- Abbreviation: XRP
- Developer: Ripple Labs
- Core Algorithm: OpenCoin original algorithm
- Issue Date: 2011-04-18
- Total Supply: 100,000,000,000
- Consensus Mechanism: RPCA
- Currency Unit: XRP
3. Related Links
Official website: https://ripple.com/
Block explorer: https://xrpcharts.ripple.com/#/graph/