Ripple was developed to power the fastest and cheapest payment platform for global value transfer. The system was designed to enable direct transaction settlement with increased visibility & transparency in an asset & location agnostic manner. The native asset - XRP - provides additional liquidity & transactional options to the network as a bridge between assets to reduce cross-border payment & foreign exchange market inefficiencies.
The Ripple Whitepaper provides the most comprehensive explanation of the Ripple Protocol Consensus Algorithm.
How Ripple Works
The Ripple protocol is, at its core, a shared public database. Read more for a brief overview of the protocol.
Building Network Effects on Ripple
This 8-page report discusses XRP and its role in the Ripple ecosystem.