The Ripple Consensus Ledger Concept
Since this company has been focusing on the development of blockchain technology digital currency enthusiasts will know the title Ripple. Or to be more exact, they provide players — mostly banks — that will help reduce prices with settlement solutions that are global.
Since they also need to provide transactions but that isn’t all this company doesthe highest payout for casino bitcoin bitcoin casino slot machines Settling these transactions in real-time is made possible due to this Ripple Consensus Ledger, which is the foundational distributed ledger for its XRP digital asset. Unlike Bitcoin miners, the Ripple network uses individual validators to confirm transactions and bitcoin casino with high payout chance.
Ripple Consensus Ledger
One of those Ripple validators will be conducted by MIT, as their Connection Science research initiative is investigating the options of a worldwide Byzantine consensus database. As MIT is among the world renowned institutes this news is a substantial notch in the belt for Ripple. Moreover, the network will be strengthened by more validators on the Ripple Consensus ledger, and give decentralization for this concept as well.
Alex Pentland, MIT Professor, shared his vision as follows:
In this new experiment with Ripple, we are taking MIT’s experiential research strategy to the blockchain, and we expect this collaboration provides us new opportunities to test and deploy information applications and research.We’re happy that the Ripple team has fostered a meaningful dialog with us about the future of fund through the decentralization of digital currencies and value.
Managing Director David Shrier and professor Pentland will lead the involvement of MIT . 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 lot of 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 Web — is a significant project, and with such a renowned institute contribute to those efforts can be invaluable to Ripple.
It must be said that MIT won’t have to use up resources to be a validator on the Ripple Consensus Ledger. All of these systems can be compared to running an email server, and are very lightweight. Bearing in mind how this technology has been embraced by 30 distinct banks around the world, things that are exciting seem to be on the horizon for all parties involvedcasino games gametwist casino bitcoin casinos reviews 712×280
What are your ideas on MIT becoming a validator on the Ripple Consensus Ledger? Let us know in the comments below!
Source: Business Wire
Images courtesy of Ripple, MIT, en.wikipedia.org