Ripple technology is a blockchain-based network developed to facilitate money transfers between banks and financial institutions around the world quickly, securely, and at low cost.

Here are some key points about it:

1. Primary goal: To facilitate international financial transfers and reduce the time and costs associated with them.

2. Digital currency: XRP is used as a bridge currency in the Ripple network to facilitate transfers between different currencies.

3. Difference from Bitcoin:

Ripple is not fully decentralized like Bitcoin.

Ripple does not rely on mining; instead, it uses a consensus mechanism known as the Ripple Protocol Consensus Algorithm (RPCA).

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Ripple technology is a blockchain-based network developed to facilitate money transfers between banks and financial institutions around the world quickly, securely, and at low cost.

Here are some key points about it:

Primary goal: To facilitate international financial transfers and reduce the time and costs associated with them.

Digital currency: XRP is used as a bridge currency in the Ripple network to facilitate transfers between different currencies.

Difference from Bitcoin:

Ripple is not fully decentralized like Bitcoin.

Ripple does not rely on mining; instead, it uses a consensus mechanism known as the Ripple Protocol Consensus Algorithm (RPCA).

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