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The Ripple Consensus Ledger Concept create free bitcoin casino

The Ripple Consensus Ledger Concept

Since this company has been focusing on the development of blockchain technology for financial institutions over the last few years, most currency enthusiasts will know the title Ripple. Or to be more exact, they provide settlement solutions that are global to financial players — mostly banks — which will help reduce prices.

As they want to offer trades but that is not all this business does1xbitbitcoin casino Settling these transactions in real-time is made possible due to the Ripple Consensus Ledger, which is also the foundational distributed ledger for its XRP 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 these Ripple validators will be conducted by MIT, as their Connection Science research initiative is exploring the options of a worldwide Byzantine consensus database. As MIT is among the world renowned institutes, this news is a notch in the belt for Ripple. Moreover, more validators give decentralization for this concept, and on the Ripple Consensus ledger will strengthen the community.

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 provides us new opportunities to test and deploy data applications and research.We’re happy that the Ripple team has fostered a substantive dialog with us about the future of finance through the decentralization of digital currencies and value.

Managing Director David Shrier and professor Pentland will lead MIT’s participation . Furthermore, MIT Link 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 mutual respect for one another, and Ripple is very 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 significant project, and having such a renowned institute contribute to those efforts can be invaluable to Ripple.

It must be said that MIT won’t need to use up too many resources 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 this technology was embraced by 30 distinct banks around the world, exciting things seem to be on the horizon for all partiesBetcoin app

What are your ideas on MIT becoming a validator on the Ripple Consensus Ledger? Tell us in the comments below!

Source: Business Wire

Images courtesy of Ripple, MIT, en.wikipedia.org

Source: bitcoincasinoreview.info

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