The Ripple Consensus Ledger Concept create free bitcoin casino

The Ripple Consensus Ledger Concept

Since this company has been focusing on the development of blockchain technology for financial institutions over the last few years, the title Ripple will be known by most digital currency enthusiasts. Or to be more precise, they supply players — mostly banks — that will help reduce costs with settlement solutions that are global.

Since they also want to provide trades in real-time, which can be of high value in the global money transfer sector, but that is not all this business doesCafé bitcoincasinoreview.net Settling these international transactions in real time is made possible thanks to the Ripple Consensus Ledger, which is also the foundational ledger for the XRP advantage. Unlike Bitcoin miners, the Ripple network uses individual validators to confirm transactions and bitcoin casino with high payout chance.

Ripple Consensus Ledger

One of these Ripple validators will be conducted by MIT, as their Connection Science research initiative is exploring the options of a worldwide Byzantine consensus database. As MIT is among the world renowned technological institutes, this news is a substantial notch in the belt for Ripple. Moreover, more validators on the Ripple Consensus ledger will strengthen the community, and give decentralization to this concept also.

Alex Pentland, MIT Professor, shared his vision for this project as follows:

In this new experiment with Ripple, we are taking MIT’s experiential research strategy to the blockchain, and we expect this collaboration will provide us new opportunities to test and deploy information programs and research.We’re pleased that the Ripple team has fostered a meaningful dialog with us about the future of fund through the decentralization of electronic currencies and value.

Managing Director David Shrier and professor Pentland will lead MIT’s participation . Moreover, MIT Connection Science will continue to develop novel blockchain initiatives, and open source their code projects under the Internet Trust Consortium”umbrella.”

Both entities have a whole lot of mutual respect for each other, and Ripple is excited to have MIT on board. Allowing money to move freely through the world — similar to how information is shared on the Web —  is a significant project, and having such a renowned institute contribute to those efforts can be invaluable to Ripple.

It has to be said that MIT will not need to use up too many resources to be a validator on the Ripple Consensus Ledger. All of these systems are lightweight, and may be compared to running an email server. Keeping in mind how this technology was embraced by 30 banks around the world, things that are exciting appear to be on the horizon for all parties involvedBetcoin review

What are your thoughts on MIT becoming a validator on the Ripple Consensus Ledger? Tell us in the comments below!

Source: Business Wire

Pictures courtesy of Ripple, MIT, en.wikipedia.org

Source: bitcoincasinoreview.info

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