Ripple's main process is a payment settlement asset exchange and remittance system, similar to the SWIFT system for international money and security transfers, which is used by banks and financial middlemen dealing across currencies.
What is Ripple algorithm?
Ripple Consensus Algorithm The Ripple Protocol consensus algorithm (RPCA), is applied every few seconds by all nodes, in order to main- tain the correctness and agreement of the network. Once consensus is reached, the current ledger is considered “closed” and becomes the last-closed ledger.
How does a Ripple make money?
Ripple makes money by selling XRP, payment fees, profits from investments, as well as interest fees on loans. Ripple, founded in 2012, has risen to become one of the most prominent blockchain and cryptocurrency projects. The company has raised over $293 million in venture funding.