DEFINITION of 'Ripple (Cryptocurrency)'. Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. Ripple was released in 2012 and co-founded by Chris Larsen and Jed McCaleb. The coin for the cryptocurrency is premined and labeled XRP. Next Up. Ripple Swell. Ripple.
What is Ripple XRP?
Ripple is a global payments network with major banks and financial services providers as its customers. XRP is a cryptocurrency developed by Ripple that is used in Ripple products to facilitate quick conversion between different currencies.
What is ripple factor?
The ratio of RMS value of an alternating current component in the rectified output to the average value of rectified output. The ripple factor is denoted as γ. It is a dimensionless quantity and always has a value less than unity. Ripple factor, γ = RMS value of AC component in rectifier output/Average value of rectifier output
How does ripple work?
How Ripple Works. The Ripple network does not run with a proof-of-work system like bitcoin or a proof-of-stake system like Nxt. Instead, transactions rely on a consensus protocol in order to validate account balances and transactions on the system. The consensus works to improve the integrity of the system by preventing double-spending.
