Ripple is planning to upgrade the technology of the cryptocurrency: Ripple is the 3rd most valued cryptocurrency currently. It is planning on upgrading the technology behind the cryptocurrency. This is surely positive news for the ripple investors. Any news of improvement would be beneficial not just for the investors but also the clients of the platform.
2 new white papers:
Ripple launched a couple of new white papers recently. The 1st white paper highlighted the algorithm which is currently powering the platform. The 2nd White Paper highlighted the ways in which the connectivity between different nodes can be improved. It also highlighted the ways in which the verification of the transaction can be improved.
Ripple also has many marquee name investors like SBI and Santander. The news that it is looking to improve the infrastructure consistently would actually work in its favor. As the cryptocurrency platform gains more and more efficiency in transferring currency all over the world, the number of clients would also increase consistently. This is the reason why this new white paper by the company is actually positive news.
According to the CTO of Ripple, Stefan Thomas the white papers highlight the progress of the company in the right direction. According to him, the start-up wants to improve the technology further in order to make it easier to transfer money all over the world.
He further added that this is the 1st time peer-reviewed academic papers have been launched by the company. He was also enthusiastic about the future research which would be carried on by the company.
This is the 1st time that the company has launched such research papers. However, the cryptocurrency platform is always at the forefront when it comes to innovation. This is the reason why it is very difficult to beat this platform when it comes to transferring money.
According to the CTO, both the papers would improve the security of the platform. This would, in turn, help the cryptocurrency gain more clients as well.
With the cryptocurrency adding newer and newer clients on a regular basis, it sure seems like an improvement and the platform would attract an even higher number of clients. This is the reason why this news is highly positive for ripple as it would attract new clients for the cryptocurrency. This would also further increase the valuation of the cryptocurrency as the platform would be used by more and more clients.