The Coins

What is XRP? A Cryptocurrency Created For the Financial Sector

In brief XRP is a cryptocurrency developed to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers. The XRP Ledger employs a unique consensus protocol called the Ripple Consensus Algorithm to validate transactions. A long-running legal dispute between Ripple Labs and the U.S. SEC over whether sales of XRP constituted a unregistered securities…

DeFi

Ripple Aiming for More Developers With Ethereum Sidechain: CTO

In brief Ripple CTO David Schwartz thinks experimentation is good for blockchains. The XRPL EVM Sidechain debuted in June. The network features smart contracts and uses XRP as its native token. XRP Ledger’s Ethereum sidechain could lead to more experimentation within the network’s ecosystem, while potentially attracting fresh talent, according to Ripple CTO David Schwartz.A…

Coins

Ripple Cannot Control XRP Ledger: CTO David Schwartz

In brief Ripple does not control XRP Ledger, the digital payments company’s CTO David Schwartz said. Censoring transactions would open Ripple up to “pressure” he said. Ripple runs “something like 1%” of XRP Ledger, Schwartz added. XRP Ledger’s codebase does not possess some secret back door that would allow Ripple to single-handedly control the network,…