ripple


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ripple

1
1. a slight wave or undulation on the surface of water
2. Electronics an oscillation of small amplitude superimposed on a steady value

ripple

2
a special kind of comb designed to separate the seed from the stalks in flax, hemp, or broomcorn

ripple

[′rip·əl]
(electricity)
The alternating-current component in the output of a direct-current power supply, arising within the power supply from incomplete filtering or from commutator action in a dc generator.
(fluid mechanics)
(geology)
A very small ridge of sand resembling or suggesting a ripple of water and formed on the bedding surface of a sediment.
(oceanography)
A small curling or undulating wave controlled to a significant degree by both surface tension and gravity.

Ripple

A financial settlement system for banks and payment providers from Ripple Labs Inc., San Francisco (www.ripple.com). Ripple is a global decentralized network of peer-to-peer servers known as "RippleNet." Introduced in 2012, Ripple was created to transfer any type of currency from one party to another, and dollars, Euros, etc. are exchanged for XRP tokens. Although XRP is a cryptocurrency, it is not based on traditional blockchain processing but rather its own open source protocol the company calls an "advanced blockchain technology." See cryptocurrency and blockchain.

Also Finite, But Faster
To prevent hyperinflation, like bitcoins, the XRP supply is finite. However, while bitcoins come into existence via the mining process, Ripple releases one billion XRP from its escrow account every month. Unlike Bitcoin, Ripple uses minimal electricity and is capable of settling a transaction in a couple of seconds.

A Consensus System
The Ripple servers go through an iterative process to determine which subset of transactions becomes the next XRP ledger. When a supermajority of servers agree, the ledger is added. In contrast, Bitcoin uses a competitive process to add the next block to the blockchain. See Bitcoin mining.

Ripple Product Suite: xCurrent, xRapid and xVia
xCurrent is the Ripple software that lets banks settle payments, which includes tracking and real-time confirmations. For emerging markets, xRapid provides a liquidity service, and xVia is the programming interface (API) that ties xCurrent and xRapid together.

Smart Contract Settlements
Although Ripple leaves it up to other applications to handle smart contracts, Ripple provides tools for settling the contracts. See smart contract.
References in periodicals archive ?
Holmes said that with Ripple, MoneyGram is looking forward to further leverage its strengths.
Morgan's partnership with Ripple comes through University Blockchain Research Initiative, a program that allows Ripple to partner with universities to support academic research, development and innovation in blockchain, cryptocurrency and digital payments.
The most common pattern the researchers observed was a tuning fork design, which was present in all scenarios, even after the spacing of the ripples stabilized.
In February, UAE Exchange and Ripple announced a partnership to process cross-border payments, making the UAE-based company the largest payments firm in the Middle East to use Ripple's blockchain technology for processing payments.
Providing cryptocurrency education to foster related industry With the soaring interest in blockchain, Ripple announced recently it would donate over $50 million to 17 universities around the world.
It also speaks to the reality that university graduates will fuel a continually evolving and maturing financial marketplace and workforce," said SVP of Global Operations at Ripple Eric van Miltenburg.
"Ripple could also provide real-time messaging, clearing and settlement of financial transactions for global banking and payment partners.
Adding a market leader like UAE Exchange to RippleNet will bring instant, certain, low-cost payments to the millions of retail customers in the UAE who send money abroad," said Dilip Rao, Global Head, Infrastructure Innovation, Ripple.
Both Bitcoin and Ripple have been smoked in recent weeks with stock markets plunging around the globe, and more significantly, due to fears over tighter regulation of virtual currencies making the rounds.
Georgia [USA], Jan 3 ( ANI ): Crypotcurrency Ripple in the last few weeks has spiked considerably, making it the second most valuable digital currency after Bitcoin.
Many direct and indirect methods are introduced to reduce the torque ripple. Liu et al.
Large output voltage ripple and output voltage drop were the main problems of the original half-wave voltage multiplier.