Counterparty payments in seconds is an easy sell
It made me laugh today. I was chairing a panel where Romana Kumar, Head of Global Transaction Banking for the National Bank of Abu Dhabi (NBAD), was discussing their trial of Ripple. The background to this was announced in a press release on 1st February 2017.
Global Cryptocurrency Market 2016-2020: Key Vendors such as Bitcoin,Ripple,Litecoin,Namecoin,Novacoin,Peercoin
The report, Global Cryptocurrency Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market and covers the present scenario and the growth prospects of the global cryptocurrency market in terms of volume for 2016-2020.
Do you Hear the Whispers of Ripple?
In this talk, we will first describe one of our novel heuristics to link wallets based on the patterns observed in the Ripple network as the result of two wallet owners settling a Bitcoin exchange over their Ripple credit link. This heuristic facilitates the linking of Bitcoin and Ripple wallets owned by the two involved users, therefore allowing for the first time to perform clustering of wallets across two different payment networks. In fact, it is not restricted to Bitcoin, and enables the clustering of Ripple wallets with other cryptocurrencies wallets (i.e., altcoins), thereby enlarging the set of clustered wallets. Second, we will discuss the analysis of our findings. In particular, to analyze the efficacy of our heuristics, we crawl the Ripple network (as of December 2015) obtaining a total of 174, 738 wallets, 115, 996 credit links, and 17, 645, 343 transactions using them. We deploy our heuristics over this dataset, resulting in the clustering of 959 Ripple wallets, 3, 113 Bitcoin wallets and 1, 130 Altcoin wallets, which are involved in 934, 484 transactions in total. The set of clustered wallets has allowed us to reconstruct the complete set of transactions of the most widely deployed gateways1, and showed that is indeed bigger than the set of transactions associated to their publicly announced Ripple wallets, as shown in Fig. 1. Finally, we will also discuss the privacy implications of setting a Ripple validator server on the Ripple network. These servers collects transactions from the Ripple users and can significantly increase the deanonymization rate from the observed
Ripple Solution Guide
Rippleâs solution is built around a network that requires no central operator,resulting in instant transaction verification and settlement certainty. It offers a cryptographically secure end-to-end payment flow with transaction immutability and information redundancy.
Ripple Labs Named ‘Technology Pioneer’ by World Economic Forum
The World Economic Forum’s Innovation Committee named Ripple Labs ‘Technology Pioneer,’ making it the first blockchain or distributed ledger startup to receive the award.
RBS Trials Ripple Tech For Automated Interbank Transfers
Another day another blockchain Proof of Concept (PoC) from a UK high street bank. This time from the Royal Bank of Scotland (RBS) which is trialing [Ripple](https://ripple.com/) in a bid to revamp its not so failproof IT systems.
A Scenario Planning For Interbank Payments And Decentralized Ledger Platforms
Cross-border payments nowadays take place through slow and expensive correspondent banking. Decentralized Ledger Platforms (DLPs) might bring change by offering a payments backbone which requires no central trusted party. Examples of such DLPs are Ripple, Stellar, Hyperledger and Open Transactions, which are all follow-ups of the disruptive Bitcoin protocol. Financial institutions are not eager to adopt the Bitcoin, but the technology behind the Bitcoin itself, the blockchain, is promising and of future value. Many uncertainties arise by outlining how exactly these DLPs might change the financial industry of the future. Therefore, this research tries to understand what DLP-facilitated future interbank payments look like and gains this understanding by means of scenario planning. This leads to the following research question: What are future scenarios for the implementation of decentralized ledger platforms facilitating interbank payments? The scenario planning is fed by an elaborate research of literature about organizational adoption of radical innovations, the current way of carrying out interbank payments, crypto currencies and DLPs. The scenario planning itself consists of trends, uncertainties and dynamics, which are thought of and verified by a multitude of stakeholders and experts from different backgrounds and industries. Scenarios are created and underlying findings are discussed.
Ripple Labs Finalizing $30 Million In Funding
On completion of its series A funding round, the company would be valued close to $100 Million USD
Ripple Addresses the Stellar Fork
"We take any reports about possible security issues very seriously and after reviewing the information conclude that there is no threat to the continued operation of the Ripple network." - Ripple
Ripple/Stellar Consensus System May Have Serious Issues
The Ripple-style consensus system has come under serious doubt, as Stellar, based on the same consensus algorithm has experienced a ledger fork.
The Ripple Protocol Consensus Algorithm
In this work,we present a novel consensus algorithm that circumvents this requirement by utilizing collectively-trusted subnetworks within the larger network. We show that the âtrustâ required of these subnetworks is in fact minimal and can be further reduced with principled choice of the member nodes.
