Ripple is the project behind the cryptocurrency called XRP, but the way it works and runs is very different from other currencies like Bitcoin and Litecoin.
It doesn’t rely on energy-intensive mining in order to work or create new currency.
Instead, the company it created its currency, called XRP all at once, and the people behind Ripple gradually sell it as and when they need to.
It‘s also more focused on developing a method to help banks and other financial institutions move money faster and without fees rather than a way for people to buy goods and services.
Who Invented it?
The pre-cursor to the Ripple and its XRP currency as we know today was first developed by Ryan Fugger, a web developer in 2004.
But it wasn’t until 2012 - and the work of Jed Caleb and Chris Larsen - that lead to what we now know to be XRP.
A brief history
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