Difference between revisions of "Ripple"
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[[File:Ripple logo.png|thumb|Ripple]] | [[File:Ripple logo.png|thumb|Ripple]] | ||
Ripple is a blockchain-based digital payment network and protocol with its own cryptocurrency, XRP. Rather than use blockchain mining, Ripple uses a consensus mechanism, via a group of bank-owned servers, to confirm transactions. Ripple transactions use less energy than bitcoin, are confirmed in seconds, and cost very little, whereas bitcoin transactions use more energy, take longer to confirm, and include higher transaction costs. Ripple (XRP) ranks among the most valuable blockchain-based tokens by market capitalization. | Ripple is a blockchain-based digital payment network and protocol with its own cryptocurrency, XRP. Rather than use blockchain mining, Ripple uses a consensus mechanism, via a group of bank-owned servers, to confirm transactions. Ripple transactions use less energy than bitcoin, are confirmed in seconds, and cost very little, whereas bitcoin transactions use more energy, take longer to confirm, and include higher transaction costs. Ripple (XRP) ranks among the most valuable blockchain-based tokens by market capitalization. | ||
== Sources: == | |||
https://www.investopedia.com/terms/r/ripple-cryptocurrency.asp | |||
Revision as of 17:27, 5 May 2022
Ripple is a blockchain-based digital payment network and protocol with its own cryptocurrency, XRP. Rather than use blockchain mining, Ripple uses a consensus mechanism, via a group of bank-owned servers, to confirm transactions. Ripple transactions use less energy than bitcoin, are confirmed in seconds, and cost very little, whereas bitcoin transactions use more energy, take longer to confirm, and include higher transaction costs. Ripple (XRP) ranks among the most valuable blockchain-based tokens by market capitalization.
Sources:
https://www.investopedia.com/terms/r/ripple-cryptocurrency.asp