Cryptocurrency Q&A
Which blockchain is ripple based on?
Which blockchain is ripple based on?
Giulia
Mon Sep 16 2024
|
7 answers
1304
Can you please clarify which blockchain Ripple is built on? I'm curious to understand the foundational technology behind this popular cryptocurrency and financial transaction network. Is Ripple utilizing its own unique blockchain or is it built on an existing blockchain platform? Additionally, how does the choice of blockchain impact Ripple's performance, scalability, and security? Your insights would be greatly appreciated.
7 answers
mia_clark_teacher
Tue Sep 17 2024
As a trailblazer in the blockchain and cryptocurrency financial services industry, Ripple has carved out a niche for itself by addressing the inefficiencies and high costs of traditional remittance methods.
Was this helpful?
188
41
Valentino
Tue Sep 17 2024
Ripple stands as a pioneering force in the realm of blockchain-driven digital payment networks. It harnesses the power of the XRP Ledger blockchain and its native cryptocurrency, XRP, to revolutionize cross-border transactions.
Was this helpful?
245
29
KimonoElegantGlitter
Tue Sep 17 2024
The platform's comprehensive suite of services extends beyond mere payment processing, showcasing Ripple's dedication to fostering a robust and interconnected global financial ecosystem.
Was this helpful?
76
69
KimonoGlitter
Tue Sep 17 2024
At the core of Ripple's operations lies its commitment to offering seamless financial services, particularly catering to the needs of businesses seeking efficient cross-border payment solutions.
Was this helpful?
145
54
Leonardo
Tue Sep 17 2024
By leveraging XRP, Ripple enables businesses to execute rapid and cost-effective international payments, overcoming the traditional barriers associated with traditional banking systems.
Was this helpful?
212
88
Load 5 more related questions
