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- Ripple is a payment protocol developed by the Ripple Labs and formerly named as Opencoin in 2012.
- Ripple mining is restricted because It works on nodes and is secured by the developer of Ripple rather than the working of the Bitcoin.
- It was created by Ryan Fugger after perceiving the idea of the development of payment protocol or digital currency in 2004.
- Furthermore, It runs on the Ripple protocol (RTXP) which was produced by Ryan Fogger.
- In 2013 after the ripple was completed and launched a website ripplepay.com, its time for angel funding round which was held two times in 2013.
- However, This fund round was participated by Accenture Ventures, SCB Digital Ventures, the venture arm of Siam Commercial Bank.
- Ripple’s peer-to-peer node program is open source and every developer can contribute to them.
- There were more coins introduced on the method of Ripple as it is the cost-efficient program to users.
- It received a $700k money penalty from U.S. Treasury’s Financial Crimes Enforcement Network for willful violation of Bank Secrecy Act and running payment business without any consideration.
More information about Ripple at Wikipedia
Is it possible to Get Free 20 Ripple (XRP)?
Yes, you can Earn some Free Ripple XRP tokens and there are some effective ways to make money online with Ripple which are discussed below:
- Ripple Faucet
- Completing some tasks to earn Ripple
Ripple Faucet Sites
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