The Ripple Consensus Ledger Concept create free bitcoin casino
The Ripple Consensus Ledger Concept
As this company has been focusing on the development of blockchain technology, most currency enthusiasts will know the name Ripple. Or to be more precise, they supply global financial settlement solutions.
Since they want to provide direct trades but that is not all this business doesOshi Casino scam Settling these global transactions in real time is made possible due to this Ripple Consensus Ledger, which is the foundational ledger for its XRP digital advantage. Unlike Bitcoin miners, the Ripple network employs individual validators to confirm transactions and bitcoin casino with high payout chance.
Ripple Consensus Ledger
One of these Ripple validators will be run by MIT, as their Connection Science research initiative is investigating the options of a worldwide Byzantine consensus database. This news is a significant notch in the belt for Ripple, as MIT is one of the world renowned institutes. Moreover, more validators on the Ripple Consensus ledger will strengthen the community, and offer decentralization to this concept.
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 applications and research.We’re happy that the Ripple team has fostered a substantive dialog with us about the future of fund through the decentralization of digital currencies and value.
Professor Pentland and Managing Director David Shrier will direct MIT’s participation . Furthermore, 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 one another, and Ripple is excited to have MIT on board. Allowing money to move freely across the world — similar to how information is shared on the Internet — is a substantial project, and having such a renowned institute contribute to those efforts can be invaluable to Ripple.
It has to be said that MIT won’t need to use a lot of resources up to be a validator on the Ripple Consensus Ledger. All of these systems are lightweight, and can be compared to running an email server. Keeping in mind 30 distinct banks around the world have embraced this technology, things that are exciting appear to be on the horizon for all partiesbitcoin casino bonus code online casino accept vanilla gift card with bitcoin
What are your ideas on MIT getting a validator on the Ripple Consensus Ledger? Tell us in the comments below!
Source: Business Wire
Pictures courtesy of Ripple, MIT, en.wikipedia.org
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