What is Ripple?
Ripple also known as Ripple Transaction Protocol (RTXP) or Ripple protocol is an internet protocol based on shared and public database or ledger. Goal of Ripple is to carry out transactions that are secure and instant regardless of their size. It is based on a public and shared database /ledger.
Ripple was developed by Ryan Fugger in 2004 .The inspiration behind Ripple came to Ryan while he was thinking of the local trading exchange system. His idea was to create a system where people could create their own currency and no single person was solely responsible for approving or disproving a transaction. This finally led to the creation of Ripple in which the transactions were verified by the members of the network instead mining technique of like in Bitcoin.
Link : https://ripple.com/