Global payments systems are built on pre-Internet, outdated rails. The invention of bitcoin and cryptocurrency marked a pivotal moment in history, as it laid the foundation for an IP-based payments system. Now, Ripple wires the world’s money together through its breakthrough transaction Internet protocol and federated payments network. What does it mean? Anyone can send money anywhere in the world, in any currency, instantly and practically for free.
NOTE: this is a technical video aimed towards developers and people looking for a deep-level understanding of Ripple.
Ripple is an open-source protocol that maintains a distributed database across a network. The servers in the Ripple network automatically reach consensus about which transactions to include in the database. This video is a step-by-step look at how servers in the Ripple network reache consensus.
For more information, please visit Ripple.com.
To learn how to send money on the Ripple network, watch this video: vimeo.com/63784865