What is Ripio Credit Network Crypto Currency?A brief description of Ripio Credit Network.
Ripio Credit Network is a global credit network based on cosigned smart contracts and blockchain technology that connects lenders and borrowers located anywhere in the world and on any currency.
Ripio Credit Network Video
The purpose of Ripio Credit Network
Traditional credit systems suffer from excessive bureaucracy and leaves out the unbanked, while peer-to-peer lending platforms usually expose the lender to a lot of risk. Ripio solves that by creating a decentralized lending and credit rating platform based on smart contracts and blockchain technology
Ripio Credit Network Abstract
Ripio Credit Network (“RCN”) is a protocol based on smart contracts and blockchain technology, which brings enhanced transparency and reliability in credit and lending. The protocol enables connections between lenders and borrowers located anywhere in the world, regardless of currency. By reducing the traditional banking brokerage costs and management fees, RCN aims to allow better conditions for both sides, creating a better credit alternative than anything available today. By including an intermediary agent (the “Cosigner”), the RCN seeks to neutralize the lender’s credit risk and, in case of a default, provide an alternative mechanism for managing the debt collection in the borrower’s country of residence.
More information can be found in the Ripio Credit Network whitepaper https://ripiocredit.network/wp/RCN%20Whitepaper%20ENG.pdf
Other Ripio Credit Network facts
- Trading symbol: RCN
- Governance: Semi-centralized
- Open source: No
- Product status: Prototype / MVP
- Consensus method: Ethereum consensus (currently proof of work, will be proof of stake later on)
- Emmission rate: No new tokens created
- Transactions per second: Unfortunately we don’t have this data available.
- Total Supply: 1000000000
- Release date: 2017-10-17
Usefull Ripio Credit Network links
- Ripio Credit Network’s Website
- Ripio Credit Network pricing data & fundamental Ripio Credit Network information
- Ripio Credit Network’s Website
- Ripio Credit Network official blog
- Ripio Credit Network’s Bitcointalk Forum
- Ripio Credit Network’s Reddit Forum
- Ripio Credit Network’s block explorer
- Ripio Credit Network’s Alexa site stats
- Ripio Credit Network’s official forum: Unfortunately we don’t have this data available.
- Ripio Credit Network’s Github code repository:
https://github.com/ripio/rcn-token - Ripio Credit Network’s roadmap:
https://ripiocredit.network/#roadmap - Ripio Credit Network’s team page: https://ripiocredit.network/#team
- Ripio Credit Network’s whitepaper: https://ripiocredit.network/wp/RCN%20Whitepaper%20ENG.pdf