In this chapter, we learned the answers to the following questions.
- Why was decentralization necessary?
- What is blockchain?
- What is Bitcoin?
- What are the disadvantages of Bitcoin?
- What is Ripple?
- How does Ripple make international money transfers efficient?
- How does Ripple work?
- What are the key features of Ripple?
- What are the potential risks of Ripple?
Now that we understand how ripple works in theory, we will learn how to do some real transactions on Ripple's ledger in the next chapter.