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Calvin Jhunjhnuwala
2020-08-31 16:09:37 -07:00
parent 3ed81162f5
commit c9e87f022e
6 changed files with 13 additions and 12 deletions
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tool/template-learn-history.html
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@@ -55,6 +55,7 @@
<p>{% trans %}At that time, they decided their next move would be to gift 80 billion XRP to a not-yet-formed private company that would work with the broader community as well as pursue its own payments mission. The ledger code itself would be open source and for anyone to use.{% endtrans %}</p>
<p>{% trans %}They all agreed on how to allocate the XRP among themselves and the future company, and they eventually created the company along with Chris Larsen in September 2012.{% endtrans %}</p>
<p>{% trans %}While from a developer standpoint the XRP Ledger had already been created in early 2012, the final ledger stuck in late 2012, due to some stability issues. Once it stuck, 80% of the XRP was gifted to the company—initially called NewCoin and renamed quickly to OpenCoin.{% endtrans %}</p>
<p>{% trans %}Once the XRP Ledger was fully functioning, 80% of the XRP was gifted to the company—initially called NewCoin and renamed quickly to OpenCoin.{% endtrans %}</p>
<p>{% trans %}Chris Larsen was the CEO of OpenCoin, and at the company's founding, Jed was co-founder and CTO, David Schwartz was the Chief Cryptography Officer, and Arthur Britto an advisor.{% endtrans %}</p>
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@@ -63,7 +64,7 @@
<div class="timeline-content">
<h4 class="mb-10">{% trans %}2013 OpenCoin Rebranded to Ripple Labs{% endtrans %}</h4>
<p>{% trans %}At the outset of the company, OpenCoin set out to revolutionize the global financial system. Despite the revolutionary ideals of many of Bitcoin’s early believers, Larsen never thought blockchain technology should be used to overthrow the existing financial system. He believed that history’s most transformative innovations have always relied on the great ideas that came before them—not disrupting them.{% endtrans %}</p>
<p>{% trans %}In early conversations with potential customers, the team was asked about the differences between the Ripple project and OpenCoin company.{% endtrans %}</p>
<p>{% trans %}In early conversations with potential customers, the team was asked about the differences between the Ripple project and OpenCoin company. With the community starting to call the  digital asset by its currency code "XRP" more widely, company leaders decided to rebrand the company to Ripple Labs, which has been shortened over time to "Ripple."{% endtrans %}</p>
<p>{% trans %}Today, the company uses XRP and the XRP Ledger for liquidity management in its cross-border payments business. Ripple also remains a stakeholder and contributor to the broader XRP community.{% endtrans %}</p>
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