enero 25, 2018 | Posted in:Blog

The Ripple Consensus Ledger Concept

As this company has been focusing on the development of blockchain technology most digital currency enthusiasts will know the title Ripple. Or to be more exact, they provide global financial settlement solutions to players — mostly banks — that will help reduce prices.

As they need to offer direct trades in real-time, which is of value in the international money transfer sector, but that is not all this company doeshow to set up bitcoin planet 7 casino bitcoin casino united states Settling these global transactions in real-time is made possible due to this Ripple Consensus Ledger, which is also the distributed ledger for the XRP digital advantage. Unlike Bitcoin miners, the Ripple network uses individual validators to confirm transactions and bitcoin casino with high payout chance.

Ripple Consensus Ledger

One of these Ripple validators will be conducted by MIT, as their Connection Science research initiative is investigating the options of a global Byzantine consensus database. This news is a notch in the belt for Ripple, as MIT is among the world’s most renowned institutes. Moreover, the community will be strengthened by more validators on the Ripple Consensus ledger, and give a bit more decentralization for this concept.

Alex Pentland, MIT Professor, shared his vision for this project as follows:

In this new experiment with Ripple, we’re taking MIT’s experiential research approach to the blockchain, and we expect this collaboration provides us new opportunities to test and deploy data programs and research.We’re pleased that the Ripple team has fostered a meaningful dialog with us about the future of fund through the decentralization of digital currencies and value.

Managing Director David Shrier and professor Pentland will lead MIT’s participation as a Ripple Consensus Ledger validator. Moreover, MIT Link Science will continue to develop novel blockchain initiatives, and open source their code projects under the Internet Trust Consortium»umbrella.»

Both entities have a lot of mutual respect for one another, and Ripple is very excited to have MIT on board. Allowing money to move freely through the world — like how information is shared on the Internet —  is a significant project, and having such a renowned institute contribute to these efforts can be invaluable to Ripple.

It must be said that MIT won’t need to use up a lot of resources to be a validator on the Ripple Consensus Ledger. All of these systems are lightweight, and can be compared to running an email server. Keeping in mind this technology was embraced by 30 banks around the world, exciting things seem to be on the horizon for all parties involvedbitcoin atm in casino bitcoin casino king casino bonus

What are your ideas on MIT becoming a validator on the Ripple Consensus Ledger? Tell us in the comments below!

Source: Business Wire

Pictures courtesy of Ripple, MIT, en.wikipedia.org

Source: bitcoincasinoreview.net

Deja una respuesta