Skip to main content

Ripple - A Reliable Cryptocurrency.


Ripple, now-a-days in news, is another cryptocurrency introduced after Bitcoin, Ethereum, Litecoin etc. Bitcoin is the one that hit the news last year with its tremendous growth which bring to light the Cryptocurrency. After Bitcoin, other cryptocurrencies hit the news one after the other. As you know Bitcoin, Etherum, Litecoin, etc. all are decentralized cryptocurrencies, where Ripple is the one which is centralized. This is the biggest factor that highlighted ripple in such rush of other cryptocurrencies.

Ripple is a centralized cryptocurrency which provides one friction less experience to send money globally using the power of blockchain. Sending money globally in just few seconds is actually what industry and technology demands today and this requirement is fulfilled by Ripple. Released in 2012, Ripple pretends to enable "secure, instant and almost free global financial transactions of any amount with no charge-backs."

Financial institutions can process their customer's payments instantly, reliably and cost-efficiently by joining Ripple's global network. That means if anyone sitting in US wants to send money to someone in any other country in Asia, then the later will receive the money in just few second after the successful transaction. At present, sending money globally takes over 2-3 working days for processing the payment which includes many intermediates and high processing fee. However using Ripple this 2-3 days transaction can be minimized to just 5-10 seconds.Sending money at such fast pace is possible only if the sender's and the recipient's banks use Ripple.

Along with companies such as UniCredit, UBS and Santander, Ripple has been increasingly adopted by various banks and payment networks as settlement infrastructure technology, with American Banker explaining that "from banks' perspective, distributed ledgers such as the Ripple system have a number of advantages over cryptocurrencies like bitcoin," including price and security.

Basically, what Ripple does for payments is exactly what SMTP did for emails, i.e. enabling the systems of different financial institutions to communicate directly.

Comments

Popular posts from this blog

Android Pie: Cool features you shouldn't overlook

In this era of technical growth companies have been trying to improve user experience by making device usability better and handy. As mobile phone are being introduced with various new technologies for eg. face recognition which uses AI to enhance the user experience, similarly many other inventions are being worked on at present and support those new features the OS needs to be upgraded to match their pace with the development of technology. Or it may also be said that with advancement in the OS versions the Mobile companies need to be design the phone to cop its level.
Android 9 controls the power of artificial intelligence to provide more from the smart phone. Now it's smarter, faster and adapts with usage.

Tailored to you
Android 9 adapts to users and how they use their phone by learning user preferences as they go. Experience keeps on getting better and better over time, and it keeps things running smoother, longer.

App Actions:
The phone will now readily know about user's…

What is Deep Learning - Explained in General Terms

Deep Learning, Machine Learning and Artificial Intelligence are the terms which are being used interchangeably these days. Suddenly every one is talking about them – irrespective of whether they understand the differences or not! Whether one have been actively following data science or not – everyone would have heard these terms. But no one has a clear understanding of what is Deep Learning. Basically it is subset of Machine Learning which in turn is subset of Artificial Intelligence.

Deep Learning is type of Machine Learning which teaches computers to perform actions by learning from examples. Deep Learning is the key technology being used in Driver-less cars that enables them to recognize a stop sign and differentiate between a person and lamppost.It is the key behind the voice controls in various devices like phone, tablets, TVs and hands-free speakers. Deep Learning is gradually prevailing and getting attention lately. Using it, impossible results have been achieved.

In deep lear…

What is a GPU and how does it work? Explained

Ever since the increasing in trend towards gaming we are becoming more familiar with the term called Graphics card or GPU(Graphics processing unit). GPU's are critical part for game performance and we are seeing increasing performance with each passing year.

We will dive into the technicalities of GPU and explain it as simply as possible.

Why Don’t We Run Rendering With CPUs?
This is the first question which comes in every-bodies mind why we don’t use CPUs for rendering workloads in gaming in the first place. In theory we can run rendering workloads directly on a CPU. Earlier the games used to run entirely on the CPU but nowadays with advanced graphics and texture rendering the CPU that can handle this kind of performance are too costly to make. CPUs are designed to be general-purpose microprocessors and lack specialized hardware and capabilities that GPUs offer.

What’s a GPU?
GPU is a piece of hardware device that can map and perform tasks such as geometry setup and execution, t…