Bitcoin isn’t the only way of sending digital money across the Internet. There’s also Ripple. And Stellar. And Litecoin. And Ethereum. And so many others. Bitcoin is by far the most popular. But every so often, some developers or an entrepreneur or a company will decide we need something better. A coder named Jeb McCaleb built Ripple as a better bitcoin. Then he built Stellar as a better Ripple. And he’s not the only one.
‘We’re trying to create a global standard for payments.’ Stefan Thomas, Ripple
Now, there’s a movement to create a technology that would let all these online ledgers talk to one another, that would let you send money between these systems. Dubbed the “interledger protocol,” the project began at the company that oversees Ripple. But in recent months, after the company publicly shared the idea, it has also won the support of several other notable names, including Microsoft and the World Wide Web consortium, the organization that sets the technical standards for the web. The idea is to create a single worldwide network that can not only unite all digital currencies,