Share On

Out of all the cryptocurrency, Ripple is the fourth cryptocurrency that has been introduced into the world. It is also known as Ripple Transaction Protocol (RTXP) or Ripple Protocol (XRP), is a distributed open source internet protocol that acts both as a cryptocurrency and as a payment network.

Ripple takes a different approach in cryptocurrency by acting as a tool for banks all around the world. The advent of ripple is mainly focused on making a decentralized economy

The transactions in ripple use an intermediate called as Gateway, which serves as a link between two users, who want to make transactions. The main function of the gateway is to receive and send currencies to the public address through a ripple network. It usually records all the IOUs of the user and gateway for a given currency. The IOU credits and the transactions in the ripple are available in an XRP Ledger. Ledger acts as a storage device in ripple. For every few seconds, a new ledger is being created; the last ledger will hold the perfect record of all the ripple transactions. The financial transactions in ripple are publically recorded and are available in the blockchain

The transactions in ripple run on a consensus protocol that helps to validate account balance and transactions on the system.

While compared to ethereum and bitcoin in which transaction takes place more than two minutes and one hour, ripple completes the transaction within seconds. Traditional methods may take three to five days.

The major benefits of ripple include scalability, low transaction fees, long-term stability, decreased volatility, whole coin ownership, easier entry point, and faster transaction.

WebDav the Interoperable Protocol for File and Data Access

White Paper By: Storage Made Easy

What is WebDav? What does WebDav do? Web Distributed Authoring and Versioning is an extension of the HTTP protocol. WebDav is an access protocol for data that provides a framework for users to create, change and move documents on a server. It provides support for remote collaborative authoring of web sites and individual documents, as well as remote access to document based systems....

CINDER DRIVER: Block Storage service for OpenStack

White Paper By: FalconStor

Cinder is a Block Storage service for OpenStack. It’s designed to present storage resources to end users that can be consumed by the OpenStack Compute Project (Nova). Cinder is used to centrally manage a service that provisions storage in the form of block devices knows as Cinder volumes. When the Cinder driver is installed in an OpenStack environment, volumes created on the OpenStack...

Integrating OpenStack with a Comprehensive Enterprise File Synchronization and Sharing (EFSS) Solution

White Paper By: Storage Made Easy

OpenStack Swift is becoming the foremost deployed Private Cloud Storage solution in the world. But OpenStack can end up storing a lot of structured documents such as Word, Powerpoint, Excel, and PDF files. An enterprise grade EFSS solution can help fix complexities by providing audit, security, encryption, back-up and migration capabilities to the files shared in your organization. Read this...

The 10 Essential Steps to Open Your Data

White Paper By: OpenDataSoft

OpenDataSoft came up with a smart and innovative approach that boosts the creation of new urban services. Providing deep insight in the potential of Open Data program, benefits of Open Data and Open Data market value. Transforming data into APIs, data visualizations, and real-time monitoring, making it easy for government organizations and business users to publish, share and re-use data with...

10 Critical Insights into Application Programming Interface to Leverage the Value of Your Data

White Paper By: OpenDataSoft

Understanding and offering Application Programming Interface (API) can be a challenge for business users. Over the past few years, Application Programming Interface has become a vector for the development of businesses and public institutions that cannot be ignored. This whitepaper unravels the ten critical insights to help you get the most out of Application Programming Interface in your...

Understanding The Expanding Benefits Of Marketing With Video

White Paper By: Aberdeen Group

Video is a powerful medium that can be used to address a wide range of business challenges. While video’s use in business may start with simple marketing videos, it has the potential to do so much more. Marketing with video is unlike marketing with any other tactic, tool, technology, or channel. This whitepaper explores the impact of marketing with video – not only in terms of...

follow on linkedin follow on twitter follow on facebook 2018 All Rights Reserved | by: