January 2019
Beginner to intermediate
372 pages
11h 17m
English
Content preview from Foundations of Blockchain
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Ripple
Ripple is a decentralized ledger-based network that allows the transfer of a digital asset known as XRP. Ripple was launched with the vision and aim of building a cryptocurrency for financial institutions, such as banks, that enables cross-border fund transfer at low cost.
Unlike other cryptocurrencies, Ripple doesn't create a parallel payment system. Instead, it provides a network called RippleNet for the existing payment system to settle global payments. Ripple currently provides three different types of payment solution:
- xCurrent: This is a software solution for sending and receiving cross-border payments between banks with end-to-end tracking; transactions are securely settled in within seconds.
- xVia: This allows users to send ...
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