The Ripple Consensus Ledger Concept create free bitcoin casino
The Ripple Consensus Ledger Concept
As this company has been focusing on the development of blockchain technology, digital currency enthusiasts will know the title Ripple. Or to be more precise, they provide financial players — mostly banks — that will help reduce prices with financial settlement solutions.
Since they want to offer direct transactions in real-time, which can be of high value in the international money transfer sector but that isn’t all this company doesTrusted onehash casino Settling these global transactions is made possible thanks to the Ripple Consensus Ledger, which is the foundational distributed ledger for the XRP digital advantage. Unlike Bitcoin miners, the Ripple network employs individual validators to confirm transactions and bitcoin casino with high payout chance.
Ripple Consensus Ledger
One of those Ripple validators will be run by MIT, as their Connection Science research initiative is investigating the options of a worldwide Byzantine consensus database. As MIT is among the world’s most renowned institutes this news is a notch in the belt for Ripple. Moreover, more validators give decentralization to this concept, and on the Ripple Consensus ledger will strengthen the network.
MIT Professor, Alex Pentland, shared his vision as follows:
In this new experiment with Ripple, we are taking MIT’s experiential research strategy to the blockchain, and we anticipate this collaboration will provide us new opportunities to test and deploy data applications and research.We’re happy that the Ripple team has fostered a meaningful dialog with us about the future of finance through the decentralization of electronic currencies and value.
Managing Director David Shrier and professor Pentland will direct the participation of MIT . Moreover, MIT Link Science will continue to develop novel blockchain initiatives, and open source their code projects under the Internet Trust Consortium”umbrella.”
Both entities have a lot of mutual respect for each other, and Ripple is very excited to have MIT on board. Allowing money to move freely across the world — like how information is shared on the Web — is a substantial project, and with such a renowned institute contribute to those efforts can be invaluable to Ripple.
It has to be said that MIT won’t have to use resources up to be a validator on the Ripple Consensus Ledger. All of these systems can be compared to running an email server, and are extremely lightweight. Keeping in mind how this technology has been embraced by 30 banks around the world, exciting things seem to be on the horizon for all partiesbc casino bitcoin gambeling bitcoin casino us bonus
What are your thoughts on MIT getting a validator on the Ripple Consensus Ledger? Let us know in the comments below!
Source: Business Wire
Images courtesy of Ripple, MIT, en.wikipedia.org