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Ripple customers use the solutions provided by the company to earn crypto, facilitate instant payments, boost their treasury, attract new audiences, reduce capital requirements, and generate new income. The best blockchain platforms for financial application development - pexels worldspectrum This company is more focused on the development of financial applications on the platform. Like Ethereum with ETH, Ripple has its own native cryptocurrency, called XRP. Thanks to Ripple, organizations have the ability to create their own financial solutions by developing highly effective financial applications on the platform.
In fact, RippleNet has a project underway that seeks to enable ID Number List companies to build a completely decentralized infrastructure to make payments in less than three seconds. As we have seen, Ripple is not only a digital currency but also a payment system . system take place on a network called Ripple Transaction Protocol (RTXP). This makes it clear that the idea behind Ripple, a fast, international payment infrastructure, is aimed more at financial service providers such as banks than at consumers. Hyperledger Fabric Hyperledger Fabric is intended as a basis for developing applications or solutions with a modular architecture using plug-and-play components that are intended for use in private companies.
This is one of the most well-known Hyperledger projects and was developed by IBM and Digital Asset. This project has a private blockchain technology whose objective is to have a business application, because it allows private transactions to be carried out. Its modular and versatile design meets a wide range of industry use cases. Hyperledger Fabric is a good alternative for financial applications since not everything is open and permissionless. However, the positive factor is that the organization can develop a very secure and scalable platform that can easily support private transactions and confidential contracts.
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