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[[File:Ripple-Logo.png|thumb|right|200px|The Ripple logo.]]
'''Ripple''' is an [[open source]]<ref>{{Cite web|url=https://ripple.com/forum/viewtopic.php?t=3718&p=18013|title=Ripple is officially open-source!}}</ref> [[Protocol (computing)|protocol]] for a payment network based on an idea by Ryan Fugger, but further developed by [[Ripple Labs]].<ref>{{Cite web|url=https://ripple.com/forum/viewtopic.php?t=3718&p=18013|title=Ripple is officially open-source!}}</ref><ref>{{cite web|url=https://github.com/ripple |title=ripple (Ripple) 路 GitHub |publisher=Github.com |date= |accessdate=2013-10-30}}</ref><ref>{{cite web|url=http://archive.ripple-project.org/ |title=RippleWiki | Main / HomePage |publisher=Archive.ripple-project.org |date=2011-11-12 |accessdate=2013-10-30}}</ref> In its developed form, the Ripple network is intended to be a [[distributed computing|distributed]], [[peer-to-peer]] [[payment system]] and [[foreign exchange market]]. The Ripple network supports any currency (dollars, yen, [[bitcoin]], etc.).
At its core, Ripple is based around a shared, public database. This database contains a ledger with account balances. Anyone can view the ledger and see a record of all activity on the Ripple network. In addition to information about balances, the ledger can also hold information about offers to buy or sell a currency or asset, creating the first distributed exchange. Participants in the network agree to changes in the ledger via a process called consensus. Consensus is reached by the network approximately every 2–5 seconds, allowing for trading of assets and settlement of transactions without any centralized clearing house.
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