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Ripple

Beginner

Ripple is a company that created the XRP Ledger, a blockchain designed for fast, low-cost international money transfers. XRP, its native cryptocurrency, is used as a bridge currency for cross-border payments. Its technology allows global transactions to settle in seconds with minimal fees. Ripple works closely with banks and financial institutions, making it more centralised than many other cryptocurrencies. Ripple’s goal is to modernise the global financial system by improving how money moves across borders.

Related Words

Rollup

Intermediate

A rollup is a Layer 2 scaling solution that batches multiple blockchain transactions into one, reducing fees and increasing throughput while anchoring data on-chain.

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