RipGale (RAL) is an open protocol for decentralized exchange on the Ethereum Blockchain. It aims to serve as the cornerstone for other protocols to develop superior decentralized applications.
This intend is enabled by granting access publically to the digital contract system. In other words, it is reliable and decentralized, which does not run under the control of any individuals or organizations, hence, “unhackable”, and risk-free.
The RipGale project, although quite similar to a decentralized exchange, has a number of notable differences.
Decentralized projects address problems such as high transaction fees, slow transaction speed, low liquidity (unable to convert to fiat currencies), and lack of cross-border transacting support.
As a decentralized project, RipGale eliminates these issues by providing a standard protocol for all orders, even if it’s not from its Blockchain. Thus, orders are recorded on the blockchain only when it has been settled instead of constantly synchronizing with transactions. This significantly improves processing speed and minimizes, or even eliminates, unnecessary transaction fees.
RAL delivers outstanding features, including:
The above is a summary of information related to the RipGale project.
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