In this video, we take a look at Ripple, a cryptocurrency platform that is trying to change Bitcoin’s code. Ripple is a distributed ledger that uses distributed consensus to ensure the accuracy of its transactions. This means that the network of computers that make up the Ripple network agree on the validity of each transaction before it is added to the blockchain.
Ripple is different from Bitcoin in that it is not based on a proof of work system. Instead, it uses a consensus algorithm to verify transactions. This means that the network can process more transactions at a much faster rate than Bitcoin. It also allows for the creation of smart contracts and the implementation of new features.
Ripple is also trying to make it easier for businesses to use cryptocurrencies. They have developed a payment system that allows people to send and receive money quickly and securely. This system is called xCurrent, and it is already being used by banks and other financial institutions.
Overall, Ripple is trying to change the way we use cryptocurrencies. By offering a more secure and efficient way to transfer money, they are hoping to make it easier for businesses to use cryptocurrencies and make the technology more mainstream.
