This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthor

Only authorized users are allowed to rename pages.

Only authorized users are allowed to delete pages.

Page revision history

Version Date Modified Size Author Changes ... Change note

Page References

Incoming links Outgoing links
Ripple Transaction Protocol
Ripple Transaction Protocol

Version management

Difference between version and

At line 1 added 22 lines
!!! Overview [1]
[{$pagename}] ([RTXP]) is an [Open Source] [Distributed Ledger Technology] By The [Ripple Company] to support the [Cryptocurrency] [XRP] (Ripples)
[{$pagename}] uses a [Consent Mechanism] that allows for payments, exchanges and remittance in a distributed process.
[{$pagename}] website describes the [Open Source] [protocol] as "basic infrastructure technology for interbank transactions – a neutral utility for financial institutions and systems".
[{$pagename}] requires two parties for a transaction to occur:
* a regulated financial institution "holds funds and issues balances on behalf of customers."
* "market makers" such as hedge funds or [currency] trading desks provide liquidity in the [currency] they want to trade in.
The [Consent Mechanism] allows for payments, exchanges and remittance in a distributed process.
According to the [CGAP] in 2015, "Ripple does for [payment]s what [SMTP] did for email, which is enable the systems of different financial institutions to communicate directly."
[{$pagename}] uses the [Ripple Consensus Protocol Algorithm]
!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
----
* [#1] - [Ripple_(payment_protocol)|Wikipedia:Ripple_(payment_protocol)|target='_blank'] - based on information obtained 2017-12-17-
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop