
Ripple — cryptocurrency platform for payment systems focused on currency exchange transactions without chargebacks.
Developed by Ripple. A feature is the consensus registry (ledger). The system was launched in 2012.
At its core, Ripple is based on an open shared database, uses a consensus process, which allows exchanges to be made in a distributed process. The internal cryptocurrency of the Ripple network is called XRP.
The network is decentralized and can work without the participation of Ripple.