#openledger $OPEN
There are actually two different “OpenCoin”s depending on what you’re looking for:
OpenCoin / Ripple (2012-2015)*
This is the most well-known one. OpenCoin Inc. was a San Francisco fintech company founded in 2012 by Chris Larsen and Jed McCaleb. They built the *Ripple protocol* — an open-source distributed payment network and virtual currency system.
The idea was to make global payments fast, cheap, and free from interchange fees, using a unified ledger instead of Bitcoin-style mining. The native currency is XRP, often called “Ripples”. In 2015 the company rebranded from OpenCoin to Ripple Labs. So if you see “Ripple” or “XRP”, that’s the same lineage.
OpenCoin Protocol (privacy-focused electronic cash)*
This is a separate research protocol for privacy-preserving digital cash based on David Chaum’s blind signatures. It’s a framework for untraceable electronic payments where even the central issuer can’t see transaction details. It’s more of a developer protocol/spec than a live product.
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