Ripple (XRP) vs Bitcoin
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Ripple (XRP) stands for digital token that fuels transactions through a real-time cross-border payment network developed by Ripple Lab. In the heart of this network is a blockchain - distributed database that holds information on all Ripple accounts including closed transactions and is shared across all network servers thus forming the last closed ledger (LCL). Each server has the equal right to propose the change to the last closed ledger to initialize the transactions on customers behalf. These transactions go to all active Ripple servers that use the sophisticated mathematical algorithm to reach the consensus on including of some set of transactions into new LCL. Disputed transactions are discarded from LCL while widely excepted are included. Disputed transactions with new ones will go trough with consensus process and eventually (if not compromized) end up in LCL.

The whole point of the Ripple network with XRP acting as a spam prevention and bridge currency is to address deficiencies in the current cross-border payment ecosystem. Using XRP as the universal bridge currency provides for maximum liquidity and costs-savings by reducing holding costs for participants.

Ripple continues to make real progress. It has an impressive list of investors like Google, IDG Capital, AME Cloud Ventures, Andreessen Horowitz, to name only a few, and attracted dozens of banks all over the world to try / use its technology. As for now, the last one secures the fastest transaction confirmation of its type and offers global reach and rapid settlement finality to banks and liquidity providers.