Ripple is a protocol that has its native cryptocurrency. The platform represents an open-source protocol that is intended to allow for quick and cheap transactions.
The cryptocurrency that the platform uses is called XRP. It is one of the veterans in the space, and since 2014 it’s showing up consistently among the top cryptocurrencies by market cap.
Unlike the majority of the cryptocurrencies, Ripple doesn’t really have a blockchain, per se. Instead, they use their own patented technology called the Ripple Protocol Consensus Algorithm (RPCA).
The average transaction time for Ripple is a lot less than that of other major cryptocurrencies such as Bitcoin and Litecoin. This allows for quick international transactions, and that’s where the company places its focus – to be used as a medium of exchange for international and cross-border payments. This is why the company has entered into a few partnerships with some banking systems. Among the banks that work with Ripple include Santander, Rendimento, and Interbank.
Naturally, there are also some downsides to Ripple, mainly stemming from the fact that it is centralized, which goes against a lot of what cryptocurrency proponents stand for.
Bitcoin's price remains choppy, failing to make any progress in the past seven days. Meanwhile, one of the most highly-anticipated…
Next week promises to be quite eventful for the Ripple v. SEC trial: check out why.
"Aiming for $4 is feasible if we follow a similar path to 2021," EGRAG CRYPTO argued.
BTC dipped to $64K, the legal battle between Ripple and the SEC intensified, while SHIB indicators suggest a bull run…
The attorney thinks the legal battle between Ripple and the SEC may officially conclude this summer.
Check out how many wallets hold at least 1 million XRP tokens each.
XRP whale activity on the rise and Ripple vs. SEC's grand trial draws closer.
Ripple outlined several important reasons why the proposed $2 billion fine from the SEC should be reduced to less than…
These are the essential developments related to the Ripple v SEC legal battle that will take place in the following…
"The non-US market has been really, really strong for us," Garlinghouse said.
