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The former founder of Mt. Gox and co-founder of Ripple Labs, has finally revealed his "secret project" a ripple like exchange with trusted gateways and a giveaway distribution method.
The Internet is one of the most underestimated inventions. At the very moment when it seems it has come to a point beyond which it can offer something new, the new appears.
A failure in its consensus system has caused Stellar to fork, requiring a roll back. Stellar claims that the issue affects Ripple as well, something Ripple denies.
Ripple, the so-called decentralized payment network, has frozen funds worth more than US$1 million that belong to the company’s former co-founder Jed McCaleb.
Jed McCaleb is taking another shot at entrepreneurship in the cryptocurrency space. The Mt. Gox founder, who sold the exchange in 2011, is trying to improve on Bitcoin’s design with his new project, Ripple.
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