Since this company has been focusing on the development of blockchain technology most money enthusiasts will know the name Ripple. Or to be more exact, they provide players — mostly banks — that will help reduce prices with settlement solutions that are global.
But that isn’t all this business as they want to provide transactionsthe best bitcoin casino faucet bitcoin casino welcome bonus bovada Settling these international transactions in real time is made possible due to the Ripple Consensus Ledger, which is also the foundational ledger for its XRP advantage. 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 investigating the options of a worldwide Byzantine consensus database. As MIT is one of the world’s most renowned institutes this news is a significant notch in the belt for Ripple. Moreover, the network will be strengthened by more validators on the Ripple Consensus ledger, and give a bit more decentralization for this concept as well.
MIT Professor, Alex Pentland, shared his vision as follows:
In this new experiment with Ripple, we’re taking MIT’s experiential research approach 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 meaningful dialog with us about the future of fund through the decentralization of digital currencies and value.
Professor Pentland and Managing Director David Shrier will direct MIT’s participation as a Ripple Consensus Ledger validator. Furthermore, MIT Link 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 mutual respect for one another, and Ripple is excited to have MIT on board. Allowing money to move freely across the world — like how information is shared on the Internet — is a significant project, and having such a renowned institute contribute to these efforts can be invaluable to Ripple.
It must be said that MIT will not have to use too many resources up 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. Keeping in mind this technology was embraced by 30 distinct banks around the world, things that are exciting appear to be on the horizon for all partiesOshi bitcoincasinoreview.net
What are your thoughts on MIT becoming a validator on the Ripple Consensus Ledger? Tell us in the comments below!
Source: Business Wire
Pictures courtesy of Ripple, MIT, en.wikipedia.org