The Ripple Project March 11, 2008
Posted by olvidadorio in Money.Tags: Community Currencies, micro-payments, trust networks
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There’s an interesting project called Ripple (with a running system) that’s creating a protocol for exchanges in arbitrary currencies, focusing on the trust- and social networking aspect of money. It has quite a few impressive features, it’s open-source, decentral etc. The most important point to me is that their protocol does away with the necessity for people to know or trust each other – and nevertheless perform a trusted transaction.