At the end of each selling period, unsold tokens are returned to escrow and re-distributed at a later selling period | |
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DCG has no operational input into the selection or curation of CoinDesk content in all its forms | Not only is this significantly faster but it also dramatically reduces any exchange rate slippage |
This was done to improve the transparency and predictability of XRP being sold by Ripple.
17The XRP ledger uses the , which differs from proof-of-work and proof-of-stake mechanisms in that network participants are known and trusted by other participants | The ledger is a permissionless network of peer-to-peer servers that powers XRP operations |
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Unlike fiat currencies that can take days to send, XRP transactions usually take around 3 seconds | ODL is simply the process of exchanging one fiat currency, say U |