Ripple

Market Capitalization

https://coinmarketcap.com/currencies/ripple/

Description

It is a digital currency and payment network directed to the existing banking system, which offers a validation platform for global transactions.

Unlike Bitcoin or Ethereum, Ripple search to integrate with existing systems, rather than creating an independent network. The company behind Ripple is Ripple Labs

Ripple claims that your system has a transaction confirmation speed of 4 seconds.

What is the problem Ripple proposes to solve

Facilitate and increase the speed of monetary transactions that are carried out by banks and payment service providers.

Type

Coin

Symbol

XRP

Currency Issue Limit

100 billion XRPs were issued at its inception, and according to Ripple, no other XRP will be issued.

Ripple Labs holds 60 billion XRPs.

Official Project Website

https://ripple.com/

Whitepaper

In English

Consensus Protocol

Year of creation

2012

Created by

Jed McCaleb

Transaction Validation Method

Ripple Protocol

Cryptographic Protocol

RPCA (Ripple Procotol Consensus Algorithm)

Code Type

Owner

Blockchain Explorers

https://xrpcharts.ripple.com/#/

Acquisition Forms

• Direct purchase

Useful Websites

Wiki - https://wiki.ripple.com/Main_Page

Statistics - https://xrpcharts.ripple.com/#/
Trade Charts and Statistics - https://www.tradingview.com/symbols/XRPUSD/

History

2005 - Ryan Fugger Launches Ripple's Predecessor, Ripplepay as a Payment Service

September 2012 - OpenCoin Inc. is founded by Jed McCaleb and Chris Larsen

September 2013 - OpenCoin Inc. renames Ripple Labs

October 2013 - Ripple signs first partnership with ZipZap

Start of 2014 - Ripple signs the first partnership with a bank, the Fidor Bank of Munich

December 2014 - Ripple reaches the 2nd position in market capitalization

April 2015 - Western Union announces that an experiment with Ripple is planned

May 2015 - FinCEN fines Ripple Labs for $ 700,000.00 for violating the Banking Secrecy Act

June 2016 - Ripple qcquire the virtual currency license with the New York Department of Financial Services, known as Bitlicense .

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