Cryptocurrency Market Capitalizations Ripple

1Ripple details
Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol. it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (ripples). Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.
The network can operate without the Ripple company. Among validators are companies, internet service providers, and the Massachusetts Institute of Technology.
Used by companies such as UniCredit, UBS and Santander, Ripple has been increasingly adopted by banks and payment networks as settlement infrastructure technology, with American Banker explaining that "from banks' perspective, distributed ledgers like the Ripple system have a number of advantages over cryptocurrencies like bitcoin," including price and security.
Ripple's website describes the open-source protocol as "basic infrastructure technology for interbank transactions – a neutral utility for financial institutions and systems." The protocol allows banks and non-bank financial services companies to incorporate the Ripple protocol into their own systems, and therefore allow their customers to use the service. Currently, Ripple requires two parties for a transaction to occur: first, a regulated financial institution "holds funds and issues balances on behalf of customers." Second, "market makers" such as hedge funds or currency trading desks provide liquidity in the currency they want to trade in. At its core, Ripple is based around a shared, public database or ledger that has its contents decided on by consensus. In addition to balances, the ledger holds information about offers to buy or sell currencies and assets, creating the first distributed exchange. The consensus process allows for payments, exchanges and remittance in a distributed process. According to the CGAP in 2015, "Ripple does for payments what SMTP did for email, which is enable the systems of different financial institutions to communicate directly."

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Ripple Ripple is the open-source payments protocol for free and instant exchange of any form of money or value.

  • On Campus: University of Kansas Emphasizes...
    by Team Ripple on Marzo 21, 2019 at 18:08

    This edition of On Campus provides us with a fascinating look at how the University of Kansas (KU) blends academia and blockchain in many compelling and sometimes unexpected ways as part of Ripple’s University Blockchain Research Initiative (UBRI). Across multiple conversations with Professor […]

  • The fix1578 and fixTakerDryOfferRemoval...
    by Rome Reginelli on Marzo 20, 2019 at 0:39

    The fix1578 amendment to the XRP Ledger, introduced in rippled v1.2.0, has gained support from a majority of trusted validators. Currently, it is expected to become enabled on 2019-03-23. The fixTakerDryOfferRemoval amendment to the XRP Ledger has also gained support from a majority of trusted […]

  • Introducing XRP Ledger (rippled) version 1.2.2
    by Rome Reginelli on Marzo 11, 2019 at 19:09

    Ripple has released version 1.2.2 of rippled, our reference implementation of the core XRP Ledger server. Version 1.2.2 corrects a technical flaw in the fee escalation engine which could cause some fee metrics to be calculated incorrectly. In some circumstances this can potentially cause the server […]

  • Ripple Partners with Tipping Point to Improve...
    by Team Ripple on Marzo 8, 2019 at 1:19

    Today, we’re excited to announce a $1 million grant to Tipping Point to fight poverty in the Bay Area and help individuals and families struggling to meet their basic needs. As a global company, Ripple is committed to creating positive change worldwide. Last year, we launched Ripple for Good […]

  • The Ripple Drop – Episode 10
    by Reinhard Cate on Febbraio 28, 2019 at 22:36

     Welcome to Episode 10 of The Ripple Drop, a web video series covering the latest news about the company’s customers, technology, products and culture. This month’s episode focuses on recent activity in Europe. We’re highlighting the grand opening of the Ripple office in […]


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