OpenCoin is best known as the original company behind the Ripple payment protocol, a blockchain-based network created to enable fast, low-cost cross-border transactions. Founded in 2012, OpenCoin designed the Ripple consensus ledger to settle payments in seconds without the energy-heavy mining required by Bitcoin. The company aimed to connect banks, payment providers, and digital asset exchanges, making global money transfers seamless. Later, OpenCoin rebranded as Ripple Labs, continuing development of the XRP Ledger and the XRP token. Today, OpenCoin’s legacy lives on through Ripple’s growing partnerships with financial institutions, highlighting its early vision of frictionless, decentralized, and efficient international payments.@OpenLedger
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