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Ripple Quick Start Guide

You're reading from  Ripple Quick Start Guide

Product type Book
Published in Dec 2018
Publisher Packt
ISBN-13 9781789532197
Pages 160 pages
Edition 1st Edition
Languages
Author (1):
Febin John James Febin John James
Profile icon Febin John James

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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