Ripple XRP White Paper

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Hello and welcome to this blog post about Ripple XRP White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the Ripple XRP white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the Ripple (XRP).

I can ensue you that, you will be able to understand every bits and pieces related to Ripple (XRP) after going through the Ripple XRP white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Ripple XRP White Paper

Ripple XRP white paper will be going to provide you, all the information that is needed to get started with Ripple (XRP), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Ripple (XRP).

Ripple (XRP) was first released by  Chris Larsen, Jed McCaleb and Arthur Brittoin 2012 by releasing Ripple (XRP) white paper. Ripple (XRP) provides an ecosystem to instantly move money to all corners of the World

Ripple (XRP) network is focused on developing a blockchain-based new financial ecosystem where approved participants can transfer payments faster, more securely with fewer transaction fees, and all transactions get recorded into an immutable ledger for the audit processes.

Abstract

While several consensus algorithms exist for the Byzantine Generals Problem, specifically as it pertains to distributed payment systems, many suffer from high latency induced by the requirement that all nodes within the network communicate synchronously.

In this work, we present a novel consensus algorithm that circumvents this requirement by utilizing collectively-trusted subnetworks within the larger network. We show that the “trust” required of these subnetworks is in fact minimal and can be further reduced with principled choice of the member nodes.

In addition, we show that minimal connectivity is required to maintain agreement throughout the whole network. The result is a low-latency consensus algorithm which still maintains robustness in the face of Byzantine failures. We present this algorithm in its embodiment in the Ripple Protocol.

White Paper Link: Ripple (XRP) White Paper

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