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Ripple

Name

Ripple

Type

Digital currency

Developer

Ripple Labs

Other name

Ripple alternative currency

Developed as

An alternative to existing financial systems

Initial release

2012

Development period

1990s

Transaction system

Based on a digital ledger, not blockchain

Consensus algorithm

Ripple Consensus Algorithm (RPCA)

Criticism and controversy

Yes, various criticisms and controversies over the years

Ripple