When did Ripple come into existence and what is its origin story?

3 answers

• Dec 26, 2021 · 3 years ago
  Ripple, also known as XRP, was created in 2012 by Chris Larsen and Jed McCaleb. The idea behind Ripple was to create a decentralized digital currency that could be used for fast and low-cost international money transfers. Unlike other cryptocurrencies, Ripple does not rely on mining and has a fixed supply of 100 billion XRP tokens. It was designed to work with banks and financial institutions to facilitate cross-border transactions. The company behind Ripple, Ripple Labs, has since grown to become a major player in the cryptocurrency industry, partnering with various banks and financial institutions around the world.
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• Dec 26, 2021 · 3 years ago
  Ripple's origin story dates back to 2004 when Ryan Fugger first developed a digital currency system called RipplePay. However, it wasn't until 2012 that Chris Larsen and Jed McCaleb took over the project and rebranded it as Ripple. They aimed to create a more efficient and scalable digital currency that could revolutionize the way international payments are made. With its unique consensus algorithm and focus on interoperability, Ripple has gained significant attention in the cryptocurrency community.
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• Dec 26, 2021 · 3 years ago
  Ripple, the third-largest cryptocurrency by market capitalization, was created in 2012. Unlike Bitcoin and other cryptocurrencies, Ripple was not created through mining. Instead, it was pre-mined, meaning that all 100 billion XRP tokens were created at once. This allowed Ripple to have a fixed supply and avoid the energy-intensive mining process. Ripple's origin story can be traced back to the early 2000s when Ryan Fugger developed a precursor to Ripple called RipplePay. Over the years, Ripple has evolved into a global payment protocol that aims to facilitate fast and low-cost cross-border transactions.
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