Brief Description about Ripple (XRP)
The first thing to know about Ripple is that it is both a platform as well as a currency. The Ripple system is an open source protocol which is made to allow quick and also affordable transactions.
The platform has its own coin which is known as (XRP) however additionally the platform also allows everyone to make use of the platform to create their own token using RippleNet.
Unlike most of the other cryptocurrency, Ripple does not have a blockchain. A cryptocurrency without a Blockchain may appear rather weird – if it does not have a Blockchain, just how does it confirm transactions and ensure that everything is ok? For that purpose Ripple has is own copyrighted tech: the Ripple Protocol Consensus Algorithm (RPCA).
Chris Larsen and Jed McCaleb are the founders of Ripple Labs.