Ripple is the project behind the cryptocurrency called XRP, but the way it works and runs is very different from other currencies like Bitcoin and Litecoin.
It doesn’t rely on energy-intensive mining in order to work or create new currency.
Instead, the company it created its currency, called XRP all at once, and the people behind Ripple gradually sell it as and when they need to.
It’s also more focused on developing a method to help banks and other financial institutions move money faster and without fees rather than a way for people to buy goods and services.
Did you know?
Some people in the Ripple community call the smallest unit of Ripple a ‘Jed’ after Jed Calab, one of the company’s founders.
Who Invented it?
The pre-cursor to the Ripple and its XRP currency as we know today was first de
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Author: Matt Hussey
Tip BTC Newswire with Cryptocurrency