Technology Behind Ripple & XRP

Modified on Sat, 18 Feb 2023 at 08:35 PM

Ripple enables peer-to-peer transactions, which means that Ripple only allows transfers of fiat. It does not act as a transactional protocol for crypto-to-crypto, rather crypto-to-fiat. However, it is a payment protocol that allows instant payments with low fees. Ripple assists businesses in various ways. The technology enables cryptographically-signed issuances in which users can send and trade with one another in seconds on the Ripple network, comparing to the old process that takes a day or days even.

In terms of speed, XRP transaction processes within 4 seconds and is able to handle more than 1,500 transactions simultaneously. XRP uses Ripple Protocol Consensus Algorithm (RPCA) which is used to vote from Unique Node List (UNL) on their servers.

Interested to buy Ripple? Check the Market Now:

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article