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Ripple for Beginners: An Introduction to XRP
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Publisher's Summary
Ryan Fugger conceived Ripple in 2004 after working on a local exchange trading system in Vancouver. The intent was to create a monetary system that was decentralized and could effectively empower individuals and communities to create their own money. Fugger later built the first iteration of this system, RipplePay.com. Concurrently, in May 2011, Jed McCaleb began developing a digital currency system in which transactions were verified by consensus among members of the network, rather than by the mining process used by Bitcoin. In August 2012, Jed McCaleb hired Chris Larsen, and they approached Ryan Fugger with their digital currency idea. After discussions with McCaleb and long-standing members of the Ripple community, Fugger handed over the reins. In September 2012, Chris Larsen and Jed McCaleb co-founded the corporation OpenCoin.
OpenCoin began development of the ripple protocol (RTXP) and the Ripple payment and exchange network. On April 11, 2013, OpenCoin announced it had closed an angel round of funding with several venture capital firms. That same month, OpenCoin acquired SimpleHoney to help it popularize virtual currencies and make them easier for average users. On May 14, 2013, OpenCoin announced that it had closed a second round of angel funding. In July 2013, Jed McCaleb separated from active employment with Ripple.
On September 26, 2013, OpenCoin officially changed its name to Ripple Labs, Inc. Their CTO, Stefan Thomas, further announced that the source code for the peer-to-peer node behind the Ripple payment network was officially open source. Parts of Ripple, particularly a JavaScript-based web client, had been open source months before, but the release of the peer-to-peer "full node" Rippled meant that the community now had the required tools needed to maintain the Ripple network on its own.
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- Rebecca Azizov
- 05-04-18
nice infobook
the information was nice and the book was quite good I thought I will get some more information but it was nice
I was given this free review copy audiobook at my request and have voluntarily left this review.
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Overall2 out of 5 stars
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Performance1 out of 5 stars
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Story1 out of 5 stars
- TJ Fitz
- CA United States
- 04-21-18
Just Read Wikipedia Instead
What would have made Ripple for Beginners: An Introduction to XRP better?
It should have been even shorter. Half of the content was useless. Also it irked me that when it came to the few stats that were reported, everyone else's stats were rounded to the hundred or thousand, but the Ripple stat went down to the ones digit, to give it every last percent.
What was most disappointing about Ron Stern’s story?
While some of the content was useful and interesting, I found the entire listen to be completely biased. It would have been nice to have a bit of a more balanced view. It was annoying that he said "Ripple is for people with open minds", when he himself was closed minded.
How could the performance have been better?
It sounded like someone was reading from a high school book report. The step by step instructions for "how to Ripple" was completely unnecessary and a waste of time. The "common speech terms" should have been removed. The book should not use phrases like "you don't have to take our word for it" and "you're good to go"; they felt entirely out of place.
What reaction did this book spark in you? Anger, sadness, disappointment?
Half was interesting and I enjoyed that. The other half disappointed me.
Any additional comments?
I listened to it a second time to see if I was just being harsh, but it just solidified that overall I did not enjoy the experience.
This book was given to me for free at my request and I provided this voluntary review.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Adam
- 04-18-18
Fascinating practical info in your next investment. Don’t wait.
I listened to this guy about etherium in October or November and decided to get a wallet set up. It took forever to get verified and by the time I was verified etherium had gone up 400%. I don’t think I will wait to pull the trigger on this one.
Helpful information with actionable, up to the minute advice. Super helpful. Get some!
I was given this free review copy audiobook at my request and have voluntarily left this review.