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What is Payment Protocol “Ripple” and How Does it Allow for Physically Backed Digital Gold Currency Exchange

Submitted by Michael Krieger of Liberty Blitzkrieg.

I’ve known about Ripple for close to a year now. I’ve been meaning to write a post on it for several months, but since doing so is such a difficult effort I kept putting it off. The most accurate expression I’ve seen to-date describing the daunting task of explaining Ripple to someone who has never heard of it is the following line published in a recent Bitcoin Magazine article:

If you’re ever explaining Bitcoin to someone and they’re getting it, start talking about Ripple, just to confuse them again.

That was precisely how I felt when a friend of mine first introduced me to Ripple. I spent months looking for a good article on Ripple and couldn’t find any. So I decided to write my own.

You can read it here.

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