The Ripple Consensus Ledger Concept create free bitcoin casino

The Ripple Consensus Ledger Concept

As this company has been focusing on the development of blockchain technology most digital money enthusiasts will know the name Ripple. Or to be more precise, they supply players — mostly banks — that will help reduce prices with financial settlement solutions that are global.

But that isn’t all this company since they need to provide tradesbitcoin online casino for us players online casino bitcoin list Settling these global transactions is made possible due to the Ripple Consensus Ledger, which can be the distributed ledger for the XRP advantage. Unlike Bitcoin miners, the Ripple system employs 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 global Byzantine consensus database. As MIT is among the world’s most renowned institutes this news is a notch in the belt for Ripple. Moreover, more validators on the Ripple Consensus ledger will strengthen the network, and give decentralization to this concept.

MIT Professor, Alex Pentland, shared his vision for this project as follows:

In this new experiment with Ripple, we are taking MIT’s experiential research approach to the blockchain, and we expect this collaboration will provide us new opportunities to test and deploy information programs and research.We’re pleased that the Ripple team has fostered a substantive dialog with us about the future of fund through the decentralization of electronic currencies and value.

Professor Pentland and Managing Director David Shrier will lead MIT’s participation as a Ripple Consensus Ledger validator. Moreover, MIT Connection Science will continue to create novel blockchain initiatives, and open source their code projects under the Internet Trust Consortium”umbrella.”

Both entities have a lot of respect for each other, and Ripple is excited to have MIT on board. Allowing money to move freely through the world — similar to how information is shared on the Web —  is a significant project, and with such a renowned institute contribute to these efforts can be invaluable to Ripple.

It has to be said that MIT won’t need to use up resources to be a validator on the Ripple Consensus Ledger. All of these systems may be compared to running an email server, and are very lightweight. Bearing in mind how 30 banks around the world have embraced this technology, things that are exciting seem to be on the horizon for all partiesfree bitcoin casino no deposit bonus bitcoin casino bonus codes

What are your thoughts 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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