Cryptocurrencies: 25799
Markets: 103857
Market Cap: $2,671,173,322,305     
24h Vol: $42,155,958,097
1 XRP (XRP) Rank 4
$2.130006
XRP (XRP) Rank 4
Website Reddit Twitter
58,274,974,538 XRP

XRP (XRP)

XRP (XRP)

XRP

XRP (XRP) Price
$2.13

XRP (XRP) 24h Vol
$2,129,210,884

XRP (XRP) Market Cap
$124,126,072,560

XRP (XRP) Circulating
58,274,974,538

Full Name
XRP (XRP)
Symbol
XRP
Algorithm
BTC Price
0.00002554 BTC
BTC Market
1,488,087 BTC
BTC 24h Vol
25,526 BTC
Total Coins Mined
58,274,974,538 XRP
1h
-0.14 %
24h
0.02 %
7d
-2.33 %
Twitter
Facebook
Charts

XRP (XRP)
XRP (XRP)

Description

Ripple positions itself as a complement to, rather than a competitor with, Bitcoin - the site has a page dedicated to Ripple for bitcoiners. Ripple is a distributed network which means transactions occur immediately across the network - and as it is peer to peer - the network is resilient to systemic risk. Ripples aren't mined - unlike bitcoin and its peers - but each transaction destroys a small amount of XRP which adds a deflationary measure into the system.

Full Name XRP (XRP)
Start Date 2013-02-02
Algorithm N/A
Proof Type N/A
Website ripple.com/
Twitter @Ripple
Facebook www.facebook.com/ripplepay/
Reddit www.reddit.com/r/ripple/
Block Number N/A
Block Time 4
Block Reward N/A
Total Coins Mined 58,274,974,538 XRP
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
Technology

The Ledger and Consensus
The Ripple protocol is, at its core, a shared public database. This database includes a ledger, which serves to track accounts and the balances associated with them. The ledger is a distributed database — a perfect, shared record of accounts, balances, and transactions in the Ripple protocol. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world. At any time, anybody can review the ledger and see a record of all activity on the Ripple protocol. When changes are made to the ledger, computers connected to the Ripple protocol will mutually agree to the changes via a process called consensus. The Ripple protocol reaches consensus globally within seconds of a change being made. The consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized transaction settlement on the Ripple protocol.

The World’s First Distributed Exchange
No one owns or controls the Ripple protocol. It runs on computers around the world, all working together to continually maintain a perfect, shared record of accounts, balances, and transactions. Distributed networks offer many efficiencies over centralized networks. Because the network is “self-clearing”, it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are more reliable. They also tend to be more secure, due to their open source nature.

 

 

 

Features
  • Math-Based Currency
    A math-based currency, also referred to as a cryptocurrency, is a digital asset with verifiable mathematical properties, similar to how we can reliably verify gold as a substance made of atoms with 79 protons. Math-based currencies exist as digital assets in their own right and can be transferred directly between users (as fiat cash can be) without relying on a centralized protocol operator. XRP exists as a math-based currency on the Ripple protocol.
  • Abuse Protection
    The primary function of XRP is to protect the Ripple protocol against denial-of-service (DoS) spam attacks. Since the Ripple protocol is based around a shared ledger of accounts, a malicious attacker could create large amounts of “ledger spam” (such as fake accounts) and “transaction spam” (such as fake transactions) in an attempt to overload the protocol. This could cause the size of the ledger to become unmanageable and interfere with the protocol’s ability to quickly settle legitimate transactions.
  • Bridge Currency
    XRP has great value as a bridge currency. Because each gateway’s balances trade as distinct assets within Ripple, the number of potential currency pairings can become quite large. Instead of quoting every possible currency/gateway combination, XRP can serve as a useful bridge currency to enable these transfers. This is possible because if every currency is liquid to XRP, then every currency is liquid to every other currency:
XRP (XRP) News
July’s Promising Performance: XRP Set to Surge?

July’s Promising Performance: XRP Set to Surge?

July demonstrates a historically strong performance for XRP. Market analysts predict potential price increases following consolidation. Continue Reading:July’s Promising Performance: XRP Set to Surge? The post July’s Promising Performance: XRP Set to Surge? appeared first on COINTURK NEWS.

access time image 04-18-2025 20:50

Will the Golden Cross Propel XRP to New Heights?

Will the Golden Cross Propel XRP to New Heights?

XRP is on the cusp of a technical breakthrough with a potential golden cross. Recent developments in Asia enhance institutional confidence in XRP. Continue Reading:Will the Golden Cross Propel XRP to New Heights? The post Will the Golden Cross Propel XRP to New Heights? appeared first on COINTURK NEWS.

access time image 04-18-2025 14:40

Expectations Rise as XRP Aims for Spot ETF Approval

Expectations Rise as XRP Aims for Spot ETF Approval

Expectations for XRP to receive spot ETF approval are increasing. Cautious signals in the options market reflect bearish sentiments among investors. Continue Reading:Expectations Rise as XRP Aims for Spot ETF Approval The post Expectations Rise as XRP Aims for Spot ETF Approval appeared first on COINTURK NEWS.

access time image 04-17-2025 14:10

Anticipating XRP’s Price Fluctuations: Insights into Market Dynamics

Anticipating XRP’s Price Fluctuations: Insights into Market Dynamics

XRP shows renewed price activity as April progresses. Analysts present various price predictions based on market developments. Continue Reading:Anticipating XRP’s Price Fluctuations: Insights into Market Dynamics The post Anticipating XRP’s Price Fluctuations: Insights into Market Dynamics appeared first on COINTURK NEWS.

access time image 04-16-2025 12:10

Anticipation Builds as XRP ETF Applications Gain Momentum

Anticipation Builds as XRP ETF Applications Gain Momentum

XRP ETF applications are gaining momentum in a crucial regulatory process. Major institutions are involved, with approvals expected by 2025. Continue Reading:Anticipation Builds as XRP ETF Applications Gain Momentum The post Anticipation Builds as XRP ETF Applications Gain Momentum appeared first on COINTURK NEWS.

access time image 04-16-2025 10:10

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