Too Long; Didn't Read
Ripple was launched by San Francisco-based Ripple Labs Inc. in 2012. The heart of the system is the Ripple blockchain, XRPL, which relies upon a unique Proof of History consensus mechanism for validating transactions. The PoH consensus mechanism consumes a tiny fraction of the electricity used by Proof of Work blockchains like Bitcoin and Ethereum. Ripple is especially strong in the field of decentralized finance, or DeFi, in turn, has made Ripple attractive to investors, especially those who believe blockchain technology will play a key technical role in the Web3 ecosystem.