Ripple is a centralized virtual currency that has a management entity called Ripple Inc., unlike a virtual currency without a management entity like Bitcoin.
The currency unit is XRP.
Ripple transactions are not distributed processing in the block chain, but adopt POC (proof of consensus), and are agreed by the majority of approvers called "validators" managed and recognized by Ripple, so it is a bit It is more successful in processing speed and cost reduction than coin and ethereal.
Features of Ripple
For example, it is expected to serve as a bridge currency to be used for international remittances, such as "US Dollar <-> Ripple <-> Japanese Yen".
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