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If you are wondering "what is Ripple?" Wikipedia's definition[1] is the best: "Ripple is an open-source protocol for a payment network. In its developed form,
by neur0mancer 13y ago
If you are wondering "what is Ripple?" Wikipedia's definition[1] is the best:
"Ripple is an open-source protocol for a payment network. In its developed form, the Ripple network is intended to be a peer-to-peer distributed social network service with a monetary honour system based on trust that already exists between people in real-world social networks"
[1] https://en.wikipedia.org/wiki/Ripple_monetary_system https://en.wikipedia.org/wiki/Ripple_monetary_system
- nullc 13y agoCareful what you read about ripple. A yearish ago some business people bought the ripple name from the academic who was working on it, and built something almost but not quite completely different under the same name. Anything written about the old system probably doesn't apply to the new one.
- SJoelKatz 13y agoThat description kind of fits both classic Ripple and the new Ripple, but it does fit classic Ripple better. The new Ripple does fully support social/community credit. But it's targeted more, at least for the near future, at acting as a payment system.