After talking about Bitcoin and Ethereum, another cryptocurrency that we would like to introduce would be Ripple. The transactional protocol for Ripple is XRP. Ripple is built on the idea of a distributed ledger network that requires users to participate in the transaction validation process. Ripple facilitates transactions all over the world and the transfer fees of Ripple are far lower than Bitcoin. Unlike other cryptocurrencies, the transfer of Ripple are immediate and confirmation time is not required throughout the entire process.
Ripple was founded by Ripple Labs in 2012. Instead of having unlimited tokens, Ripple was created with all of its 100 billion XRP tokens right out of the gate. The number is maintained with no mining and most of the token are now owned and held by Ripple Labs.
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