26 Feb '13, 8pm

Introducing Ripple: A Detailed Look at Cryptocurrency's New Kid on the Block | Bitcoin Magazine #bitcoin

Introducing Ripple: A Detailed Look at Cryptocurrency's New Kid on the Block | Bitcoin Magazine #bitcoin

Altogether, what Ripple has accomplished is impressive. With Ripple, we have a way of sending, receiving, and holding any currency – not just one specific cryptocurrency – in a decentralized way. The currency can be anything; one can imagine storing USD, CAD, gold or even airplane miles in the Ripple network, as long as there are enough people, or at least one gateway, willing to deal with them. For those who want the advantages that cryptocurrency offers, such as the increased financial freedom and privacy, cryptographically guaranteed security, minimal fees, irrelevance of national borders, and advanced features such as cryptographically enforced contracts and brainwallets , but do not want to deal with Bitcoin’s volatile value, Ripple is the solution. Ripple also has the potential for much greater integration with the existing banking system, as its currency exchange is...

Full article: http://bitcoinmagazine.com/introducing-ripple/

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