Is it really a cryptocurrency though? It seems more like a paypal alternative (i.e. the ripple foundation can roll back any transaction at will and has done so in the past)
The difference is that the DAO hardfork was not done by the Ethereum Foundation. It was recommended by the Ethereum Foundation and the actually done by the vast majority of miners, in consensus.
No, seriously; which transactions were reversed? I'm unaware of any such thing occurring on the network.
The construction of the network/consensus protocol means that Ripple would have to get a majority of all validators on the majority of everyone's UNLs to lie to reverse a transaction. Ripple likely does not have such influence /or/ if they do, then you are free to select a larger UNL set, along with the rest of the community, such that they /do not/.
It is a Merkle DAG of transactions secured by cryptographic protocols. It very much is a blockchain -- it just doesn't use proof of work as a mechanism to exclude bad actors. The fact that it uses UNLs and consensus to achieve a consistent view of valid transactions does not make Ripple "not a blockchain" and, as XRP relies on cryptographic mechanisms to secure rights of ownership on that blockchain, XRP, the native Ripple asset, is by definition a cryptocurrency in the colloquial sense.
Neo - http://www.neo.com/jobs - San Francisco, CA. Columbus, OH. New York City, NY. Montevideo, Uruguay. Edinburgh, Scotland.
Looking for software developers in all of the above offices. Product Designers in SF. And a Design Principal in Columbus.
We're always looking for passionate developers. The bulk of our software development is Ruby/Rails and iOS. If this is your bread and butter, great! But even if it isn't, we'd really love to still hear from people who have experience working with other frameworks and have an interest in learning Rails/iOS dev.
The company is full of great people, who are incredibly passionate about our craft. In Scotland, we're super active in the community: helping run the regional Javascript and Ruby conferences, organising and sponsoring local user groups, and encouraging events such as RailsGirls. Our other offices are very active in their local communities too.
We'd love for you to take a look at the job descriptions on our site, and drop us a note if you'd like to find out a bit more!
