Ripple, XRP Ledger, XRP and Allvor. Can you spot the differences?
Apparently, even with all the educational content available online, people and companies around the world are still confused about the differences between Ripple, XRP, XRP Ledger and hence Allvor. I do not intend to extend here, because I do not master all the technical aspects of each of these names, but I believe that it is necessary to differentiate between them so that the discussions become healthier in the near future.
Ripple:
It is the COMPANY that owns/developed the XRP Ledger where XRP and Allvor circulate.
XRP Ledger:
It is the open blockchain technology developed by Ripple. Unlike bitcoin, this blockchain does not work with proof of work (PoW), but by Consensus, which means that there is no mining, and for this reason, all the transactions made in this type of blockchain are faster, cheaper and more ecological. There is a myth that it is a centralized blockchain among the hardest libertarian community, but over the years this model has been more decentralized than the blockchain in which bitcoin works. Each transaction with this technology "burns" tokens (XRP), deflating the system.
XRP:
XRP (only these 3 letters) is the currency of the XRP Ledger, used around the world by countless banking institutions and other small initiatives that are still under development. Its main function is to facilitate and secure interbank transactions and international money transfers. Ripple has the majority of the currencies created.
Allvor:
Allvor is an initiative that uses the open blockchain XRP Ledger for its token, the ALV, to function. It is not the first token in this sense, but it has been the most robust to date. Regarding the technical characteristics, it is equal to its older brother, the XRP, but it was developed by independent people, without any ties to the Ripple company or banking institutions. The reason for its creation was, according to its servants, to bring all the technology and practicality of the XRP Ledger - used primarily by banks - to the small digital merchant, democratizing this technology even more and, as a side effect, showing that the XRP Ledger is really open and decentralized.
That's it, people. All of this content is available online from a variety of sources. If you want me to go deeper into any of the topics I've presented, let me know.