The Business Litigation Blog

Archive for tag: cryptocurrency litigation

Ripple is Being Sued for Marketing Itself as a Security

What is Ripple exactly? Ripple is often times lumped in with Bitcoin and other cryptocurrencies, but it is not the same and offers more than a traditional cryptocurrency can at face value. Ripple is a currency exchange, real-time gross settlement system, and remittance network. Ripple can handle 1500 transactions per second (tps) and can scale to handle 50,000 tps to compete with Visa. Ripple was never created to be primarily used by consumers. Ripple uses shared public databases that use a consensus process between validating servers to ensure integrity. This is where the confusion comes in and the comparison to all other block-chain based technologies begin. The servers used could be owned by anyone, including individuals or banks. The Ripple protocol (represented by XRP and colloquially known as ripple) can enable the...

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