1. The document introduces XRP, the digital asset created by Ripple in 2012 for making payments.
2. It describes RippleNet, Ripple's product suite including xCurrent for processing real-time payments, xRapid for sourcing on-demand liquidity, and xVia for sending global payments.
3. It explains that XRP settlements are fast (3 seconds) and cheap ($0.0001/transaction) compared to Bitcoin (1 hour, $20/transaction) due to using a consensus protocol rather than proof-of-work.
2. 2
Introduction to XRP
E-commerce security class presentation ,Tarbiat Modares University
Prepared by :
Reza Hamidpour
Supervisor :
Dr Sadegh Dori Nogorani
Spring 2019
12. 12
- XRP is a digital asset for payments
- Built for enterprise use
- Created by Ripple in 2012
- Open-source technology
The digital asset
for payments
13. 13
XRP : The Digital
Asset for Payments
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~1 hour to settle
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Fees : ~$20/transaction
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32 transaction per second
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Proof of Work ( Probabilistic )
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3 seconds to settle
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Fees : $0.0001/transaction
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1500 transaction per second
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Consensus ( Deterministic )
Bitcoin XRP
16. 16
Consensus
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Distributed agreement ( consensus ) protocol similar to
Practical Byzantine Fault Tolerance (PBFT)
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Does not require 100% agreement on the participants
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Does require substantial agreement on the participant