How does ripple cryptocurrency work | edocr — edocr.com

T IMESTAMP MAGAZ INE How does ripple cryptocurrency work? https://timestampmag.com/ Ripple dubbed as the platform to instantly move money to all corners of the world, is one of the fast- growing fintech giants. A financial juggernaut with a revolutionary payment protocol is leveraging on the cutting-edge capabilities of validating servers distributed across the network. How Ripple Network Works Ripple Protocol Consensus Algorithm (RPCA) adopts a real-time gross settlement system (RTGS), currency exchange and remittance network. The network validating servers deploy a consensus mechanism called HashTree as opposed to Bitcoin which uses a proof of work (PoW) algorithm. The ripple network reaches a consensus by comparing not all the data, but only a single value, which is derived by summarising the ledger’s data. This process differentiates the network from a typical Bitcoin PoW blockchain network. For more read our blogs Website https://timestampmag.com/

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