Ripple (XRP)

INFO DETAILS
Created Feb 2013
Coin Proof Proof of Correctness
Algorithm Interledger Protocol
Supply 31,908,551,587

Ripple Info

While several consensus algorithms exist for the Byzantine Generals Problem, specifically as it pertains to distributed payment systems, many suffer from high latency induced by the requirement that all nodes within the network communicate synchronously.

Ripple presents a novel consensus algorithm that circumvents this requirement by utilizing collectively-trusted subnetworks within the larger network. The “trust” required of these subnetworks is in fact minimal and can be further reduced with principled choice of the member nodes.

In addition, minimal connectivity is required to maintain agreement throughout the whole network. The result is a low-latency consensus algorithm which still maintains robustness in the face of Byzantine failures. This algorithm is presented in its embodiment in the Ripple Protocol. - source



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By using RippleNet, Krungsri is not only able to provide a real-time cross-border payment flow for the petrochemica… t.co/FedWDyeEDM

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The Japan Bank Consortium and representatives from two major Korean banks come together to launch a new pilot on… t.co/3nJ0PhzsOL

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