This article was first published on: Insights – Ripple --
2016 was an important year for Ripple. Banks were added to our growing network, we completed a successful Series B investment round and formed the Global Payments Steering Group. Underlying all those milestones was the Ripple Consensus Ledger (RCL), which runs 24 hours a day, 7 days a week and recently celebrated its 4th birthday on February 17, 2017. In 2016 alone, RCL closed over 8 million ledgers, processing more than 225 million transactions and handling more than $1 Billion dollars in payment volume throughout the year.
Today, for the first time, Ripple is proud to publicly announce that in recent internal benchmark testing, across 16 geographically distributed validators, the RCL is able to sustain nearly 1000 transactions per second.
For even higher throughput transactions, we recently introduced XRP payment channels, which allow for zero-latency XRP payments. Although payment channels achieve practically infinite scalability by decoupling payment from settl...
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