In this chapter, we have learned answers to the following questions :
- How has Ripple solve inefficiencies of traditional systems to make payments fast and cheap?
- What are the applications of Ripple?
- What are cross-currency payments?
- How do cross-currency payments work?
- What are checks in Ripple?
- How do checks work in Ripple?
- What's an escrow in Ripple?
- How does an escrow work in Ripple?
- What are payment channels in Ripple?
- How does a payment channel in Ripple work?
- What is an ICO?
- What is a decentralized exchange?
- What's the difference between Ripple, XRP, and the XRP ledger?
- Has Ripple kept a large amount of XRP from open circulation?
- Why is Ripple faster when compared to Bitcoin?
- What are the limitations of Ripple's smart contracts?
In the next chapter, we'll learn how to connect to the Ripple network and send money using the Ripple API.
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