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Ripple Network Facts by GateHub



What is a Ripple gateway?

“Ripple Gateways are businesses that provide a way for money and other forms of value to move in and out of the Ripple network. Gateways can be banks, money service businesses, currency exchanges, or any other financial institution.” Some gateways, like GateHub, feature a dedicated Ripple client.

What is the XRP Ledger?

It is a public distributed list of all existing Ripple accounts.
The balances and settings of all existing Ripple accounts are listed on every newly created public ledger. A new ledger is created by consensus approximately every 3 seconds which means that transactions on the XRP Ledger are, in general, executed in that timeframe.
What is a Ripple wallet?
A Ripple wallet (sometimes also called a Ripple address or Ripple account) is a public address on the XRP Ledger. Once created, an account exists in the XRP Ledger’s data forever.
What is a Ripple client?
A Ripple client is software that allows interaction with the Ripple network. The interaction with the XRP Ledger is executed through a Ripple address.
GateHub, for example, features an online Ripple client, however, there are also other online and desktop clients with different user interfaces.
GateHub Team

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