It was first developed in 2004 by ryan fugge but in 2012 arthur brito, david schwartz, ryan fugee they started ripple company and launched the ripple. The ripple is written in C++. Llicence of the ripple is ISC licence. The ripple is opensouce peer to peer server architecture to which help for the movement of value among financial institution. The ripple helps the people to put money in to and take money out of the ripple's liquidity pool so the ripple is acting as payment gateway to transfer funds and to recieve the funds.
The ripple is integrating the banks to become a gateway in every country due to the great efforts of the ripple team the price of the ripple coin maintaining stability.
The ticker symbol is XRP
The speed of the payments is 3-4 seconds faster than the ripple.
1500t transactions per second.
Minimun cost for the transaction is 0.00001XRP.
This transaction fee is used for the protection against the network flooded by making the attacks too cost for hackers.
Since the ripple has many advantages the ripple has become the world's top 3rd crypto currency in the crypto market capitalisation.
please share your views on ripple in the comments.
Thank you
chandrakanth k
(moneyphoenix)