Ripple Transaction Protocol

URI: https://gptkb.org/entity/Ripple_Transaction_Protocol
GPTKB entity
Statements (32)
Predicate Object
gptkbp:instanceOf gptkb:payment_protocol
gptkbp:alsoKnownAs gptkb:Ripple_protocol
gptkb:RTXP
gptkbp:consensusMechanism gptkb:Ripple_Protocol_consensus_algorithm
gptkbp:currency gptkb:commodity
gptkb:cryptocurrency
gptkb:currency
gptkbp:developedBy gptkb:Ripple_Labs
gptkbp:distinctiveFeature gptkb:SWIFT
gptkb:Bitcoin_protocol
gptkbp:enables global payments
instantaneous transactions
low-cost transfers
gptkbp:firstReleased 2012
gptkbp:governedBy gptkb:Ripple_Labs
gptkbp:launchDate 2012
gptkbp:ledgerType gptkb:distributed_ledger
gptkbp:nativeAsset gptkb:XRP
gptkbp:openSource true
gptkbp:purpose gptkb:real-time_gross_settlement_system
currency exchange
remittance network
gptkbp:standardizedBy gptkb:Ripple_Labs
gptkbp:transactionSpeed 3-5 seconds
gptkbp:transferFee very low
gptkbp:usedBy banks
payment providers
digital asset exchanges
gptkbp:website https://ripple.com/
gptkbp:bfsParent gptkb:Ripple_protocol
gptkbp:bfsLayer 6
https://www.w3.org/2000/01/rdf-schema#label Ripple Transaction Protocol