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91 lines
4.0 KiB
Markdown
91 lines
4.0 KiB
Markdown
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# What is Ripple?
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Ripple is a network of computers which use the [Ripple consensus algorithm](https://www.youtube.com/watch?v=pj1QVb1vlC0) to atomically settle and record
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transactions on a secure distributed database, the Ripple Consensus Ledger
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(RCL). Because of its distributed nature, the RCL offers transaction immutability
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without a central operator. The RCL contains a built-in currency exchange and its
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path-finding algorithm finds competitive exchange rates across order books
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and currency pairs.
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### Key Features
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- **Distributed**
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- Direct account-to-account settlement with no central operator
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- Decentralized global market for competitive FX
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- **Secure**
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- Transactions are cryptographically signed using ECDSA or Ed25519
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- Multi-signing capabilities
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- **Scalable**
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- Capacity to process the world’s cross-border payments volume
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- Easy access to liquidity through a competitive FX marketplace
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## Cross-border payments
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Ripple enables banks to settle cross-border payments in real-time, with
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end-to-end transparency, and at lower costs. Banks can provide liquidity
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for FX themselves or source it from third parties.
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As Ripple adoption grows, so do the number of currencies and counterparties.
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Liquidity providers need to maintain accounts with each counterparty for
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each currency – a capital- and time-intensive endeavor that spreads liquidity
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thin. Further, some transactions, such as exotic currency trades, will require
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multiple trading parties, who each layer costs to the transaction. Thin
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liquidity and many intermediary trading parties make competitive pricing
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challenging.
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### XRP as a Bridge Currency
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Ripple can bridge even exotic currency pairs directly through XRP. Similar to
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USD in today’s currency market, XRP allows liquidity providers to focus on
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offering competitive FX rates on fewer pairs and adding depth to order books.
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Unlike USD, trading through XRP does not require bank accounts, service fees,
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counterparty risk, or additional operational costs. By using XRP, liquidity
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providers can specialize in certain currency corridors, reduce operational
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costs, and ultimately, offer more competitive FX pricing.
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# rippled - Ripple server
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`rippled` is the reference server implementation of the Ripple
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protocol. To learn more about how to build and run a `rippled`
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server, visit https://ripple.com/build/rippled-setup/
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[](https://travis-ci.org/ripple/rippled)
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[](https://codecov.io/gh/ripple/rippled)
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### License
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`rippled` is open source and permissively licensed under the
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ISC license. See the LICENSE file for more details.
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#### Repository Contents
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| Folder | Contents |
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|---------|----------|
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| ./bin | Scripts and data files for Ripple integrators. |
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| ./build | Intermediate and final build outputs. |
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| ./Builds| Platform or IDE-specific project files. |
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| ./doc | Documentation and example configuration files. |
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| ./src | Source code. |
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Some of the directories under `src` are external repositories inlined via
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git-subtree. See the corresponding README for more details.
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##For more information:
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* [Ripple Knowledge Center](https://ripple.com/learn/)
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* [Ripple Developer Center](https://ripple.com/build/)
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* [Ripple Whitepapers & Reports](https://ripple.com/whitepapers-reports/)
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* [Ripple Consensus Whitepaper](https://ripple.com/consensus-whitepaper/)
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* [Ripple Solutions Guide](https://ripple.com/files/ripple_solutions_guide.pdf)
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To learn about how Ripple is transforming global payments visit
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[https://ripple.com/contact/](https://ripple.com/contact/)
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- - -
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Copyright © 2015, Ripple Labs. All rights reserved.
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Portions of this document, including but not limited to the Ripple logo,
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images and image templates are the property of Ripple Labs and cannot be
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copied or used without permission.
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