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Ripple Quick Start Guide

You're reading from   Ripple Quick Start Guide Get started with XRP and develop applications on Ripple's blockchain

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Product type Paperback
Published in Dec 2018
Publisher Packt
ISBN-13 9781789532197
Length 160 pages
Edition 1st Edition
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Author (1):
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Febin John James Febin John James
Author Profile Icon Febin John James
Febin John James
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Debunking misconceptions about Ripple

Let's now look into some of the common misconceptions about Ripple. These misconceptions are important because, for investors, these lead to a make-or-break decisions.

Ripple and XRP are not the same

Ripple is a company that makes software products for banks. This company made an open-source distributed ledger or the XRP ledger. This ledger also issues its own currency called XRP. However, all of the software products that Ripple offer doesn't use this XRP ledger.

The xCurrent software we discussed in the last chapter doesn't use the XRP ledger. However, the product uses blockchain technology for cheap and fast payment settlements.

The XRP ledger is decentralized and powered...

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