Sentences with phrase «distributed open source protocol»
The structure of Ripple's system is based upon a consensus ledger, a distributed open source protocol, and its globally accepted cryptocurrency XRP.
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Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (rProtocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (rprotocol, it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (rprotocol, consensus ledger and native cryptocurrency called XRP (ripples).
Among the features in this latest open source distributed ledger product is on - chain governance, which lets members adjust the rules on the fly as required and dynamic consensus to modify the blockchain consensus protocol as the technology advances; advanced transaction execution, which provides the ability to execute transactions in parallel and support for multiple languages and Ethereum.
The three pillars around which RTXP is built are a distributed open source internet protocol, a shared, public database or ledger, and a native cryptocurrency called XRP token (ripples).