How does a ripple transaction work?
Instead of using the conventional method of blockchain mining, the Ripple network uses a unique distributed consensus mechanism.
In order to validate transactions, a poll is conducted by participating nodes to verify the transaction's authenticity..
How does ODL work?
Open and Distance Learning (ODL) system is a system wherein teachers and learners need not necessarily be present either at same place or same time and is flexible in regard to modalities and timing of teaching and learning as also the admission criteria without compromising necessary quality considerations..
How does Ripple make its money?
Although the XRP cryptocurrency is decentralized, it's still tied to a private company in Ripple, and Ripple makes money by selling XRP, payment fees, profits from investments, as well as interest fees on loans.
As Ripple sells XRP from its escrow accounts, they realize a profit that is paid to the Ripple Foundation..
How does the transaction take place in Ripple?
During the transaction process, funds are locked securely on the participating banks' ledgers, which act as escrow accounts until the transaction executes or fails if specific criteria are unmet.
At that point, Ripple shares the transaction outcome with the bank, which updates its ledgers..
What is ripple database?
Ripple is a web-based solution designed to manage recruitment and post-enrollment tracking of clinical trial patients.
It can be used by academic institutions, contract research organizations, small medical device companies, plus more..
What is ripple used for?
XRP is Ripple's cryptocurrency token, which is used to transfer funds across borders at a low cost — trustlessly and instantly.
Its primary use is to serve as a bridge currency to offer financial institutions a more cost-effective way to exchange both crypto and fiat currencies..
- Key Takeaways.
Ripple is a blockchain-based digital payment network and protocol with its own cryptocurrency, XRP.
Rather than use blockchain mining, Ripple uses a consensus mechanism, via a group of bank-owned servers to confirm transactions. - Ripple acquires Fortress Trust, its second acquisition in 2023 after buying Metaco for $250 million.Sep 8, 2023
- Ripple voltage originates as the output of a rectifier or from generation and commutation of DC power.
Ripple (specifically ripple current or surge current) may also refer to the pulsed current consumption of non-linear devices like capacitor-input rectifiers.
