From the article: "Our consensus process uses peering ... instead of mining. The... | Hacker News

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ghshephard on Nov 25, 2013 | parent | context | favorite | on: Ripple is officially open-source

From the article:

"Our consensus process uses peering ... instead of mining. The ledger is a data structure that describes the current state of the network as a merkle tree"

delinka on Nov 25, 2013 [–]

And still, merkle trees are not really related to the payment mechanism.

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