Ripple / XRP provides an unimpeded global payment network using blockchain technology. It is the first open payment network in the world. By joining ripple's growing global payment network, you can transfer any currency, including US dollar, euro, people's currency, Japanese yen or bitcoin, which is simple and fast. Transaction confirmation is completed within seconds. Transaction fee With almost zero, there is no so-called cross-border and cross-border payment. Ripple is an open source point-to-point payment network, which enables any organization or individual to easily, cheaply and safely transfer money to any organization or individual on the Internet, no matter where in the world. Ripple is P2P software. No one, company or government controls it. Anyone can create a ripple account.
Since May 2017, ribo's network of verifiers has expanded by 140% to 55 participants, including worldlink, Telindus proximus group, Microsoft, MIT, CGI, ISP of Sweden, Bahnhof, data center and system integration service provider at Tokyo, etc. All of these participants are now maintaining the integrity of the XRP ledger (previously known as the ripple consensus ledger) and running software to help them reach agreement on transaction settlement orders.
Ripple currency is the only common currency in ripple system, which is different from other currencies in ripple system. Other currencies such as CNY and USD cannot be withdrawn across gateways. In other words, the CNY issued by gateway a can only be withdrawn at gateway A. if you want to withdraw at gateway B, you must convert the bill hanging function of ripple system into the CNY of gateway B to withdraw at gateway B. However, there is no such limitation on the reborn coin. It is universal in ripple system.
3. Detailed parameters:
Date of issue: April 18, 2011
Total number of issues: 1000000000000xrp
Total circulation: 99991633428xrp
Market value: 131.705 billion
Core algorithm: opencoin original algorithm
Incentive mechanism: RPCA
IV. relevant links:
Official website white paper block query