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 most digital money enthusiasts will know the title Ripple. Or to be more precise, they provide global financial settlement solutions to financial players — mostly banks — which will help reduce prices.

As they need to offer direct transactions in real-time, which is of high value in the global money transfer sector but that isn’t all this business doesbitcoin casino no deposit bonus usa usa bitcoin casino fair Settling these transactions in real time is made possible due to this Ripple Consensus Ledger, which can be the foundational 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 run by MIT, as their Connection Science research initiative is investigating the options of a global Byzantine consensus database. As MIT is among the world renowned technological institutes, this news is a significant notch in the belt for Ripple. Moreover, more validators on the Ripple Consensus ledger will strengthen the community, and offer a bit more decentralization to this concept.

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

In this new experiment with Ripple, we’re taking MIT’s experiential research approach to the blockchain, and we anticipate this collaboration provides us new opportunities to test and deploy data programs and research.We’re happy that the Ripple team has fostered a substantive dialog with us about the future of fund through the decentralization of digital currencies and value.

Professor Pentland and Managing Director David Shrier will lead the participation of MIT as a Ripple Consensus Ledger validator. Moreover, 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 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 substantial project, and having such a renowned institute contribute to those efforts can be invaluable to Ripple.

It has to be said that MIT won’t have to use a lot of resources up to be a validator on the Ripple Consensus Ledger. All of these systems are very lightweight, and may be compared to running an email server. Bearing in mind 30 banks around the world have embraced this technology, exciting things appear to be on the horizon for all parties involvedGet up to 1 Bitcoin Free on 1Xbit Casino bonus code

What are your thoughts on MIT becoming a validator on the Ripple Consensus Ledger? Let us know in the comments below!

Source: Business Wire

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

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