Ripple is a very interesting concept (and ripple.com is a first seen implementation) — a network of trust, through which bitcoins, dollars, and other valuables could be transferred almost instantly. People open credit lines to each other, forming some social graph of available credit resources.
When, say, Ann needs to pay Boris — system just finds apropriate path from Ann to Boris, reducing available credit between people along the way.
Every pair of people once a time could «settle» their relations by, say, meeting and repaying in cash. This would once again add available credit between them — and between anyone that are accessible through the social graph around them.
Topic: First XRP transactions... 300XRPs needed (Read 397 times)
more a support of...
Replacement for bitcoins?
What is XRP?
... someone willing to lend me 300 XRPs?
will send them back immediately.
Would be great if i find someone :-)
best regards
will send them back immediately.
Would be great if i find someone :-)
best regards
Jump to: