Cryptocurrencies: 24715
Markets: 95953
Market Cap: $3,532,043,383,936     
24h Vol: $90,506,682,984
1 XRP (XRP) Rank 3
$2.416095
XRP (XRP) Rank 3
Website Reddit Twitter
57,410,227,039 XRP

XRP (XRP)

XRP (XRP)

XRP

XRP (XRP) Price
$2.42

XRP (XRP) 24h Vol
$4,197,192,066

XRP (XRP) Market Cap
$138,708,551,683

XRP (XRP) Circulating
57,410,227,039

Full Name
XRP (XRP)
Symbol
XRP
Algorithm
BTC Price
0.00002430 BTC
BTC Market
1,394,959 BTC
BTC 24h Vol
42,210 BTC
Total Coins Mined
57,410,227,039 XRP
1h
0.16 %
24h
0.62 %
7d
15.94 %
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 57,410,227,039 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
Many Traders Are Sleeping On These Coins By Focusing Too Much On Ripple (XRP), Are They Losing Out?

Many Traders Are Sleeping On These Coins By Focusing Too Much On Ripple (XRP), Are They Losing Out?

Disclaimer: This article is a press release. COINTURK NEWS is not responsible for any damage or loss related to any product or service mentioned in this article. Continue Reading:Many Traders Are Sleeping On These Coins By Focusing Too Much On Ripple (XRP), Are They Losing Out? The post Many Traders Are Sleeping On These Coins By Focusing Too Much On Ripple (XRP), Are They Losing Out? appeared first on COINTURK NEWS.

access time image 01-19-2025 07:00

Trump’s New Memecoin Sparks Legal Concerns in the XRP Community

Trump’s New Memecoin Sparks Legal Concerns in the XRP Community

Experts analyze Trump's memecoin and its implications for the XRP lawsuit. The XRP community remains hopeful for a resolution to the SEC case. Continue Reading:Trump’s New Memecoin Sparks Legal Concerns in the XRP Community The post Trump’s New Memecoin Sparks Legal Concerns in the XRP Community appeared first on COINTURK NEWS.

access time image 01-18-2025 14:35

Rising XRP Prices: What You Need to Know Right Now

Rising XRP Prices: What You Need to Know Right Now

XRP's price surged significantly over the past three months, reaching $3.277. Investors who bought XRP three months ago may be in a better financial position. Continue Reading:Rising XRP Prices: What You Need to Know Right Now The post Rising XRP Prices: What You Need to Know Right Now appeared first on COINTURK NEWS.

access time image 01-18-2025 13:05

Watch As XRP’s Market Value Soars: What It Means for Solana’s Price

Watch As XRP’s Market Value Soars: What It Means for Solana’s Price

XRP's rise may lead to significant price increases for Solana. Solana must enhance its market presence to realize price predictions. Continue Reading:Watch As XRP’s Market Value Soars: What It Means for Solana’s Price The post Watch As XRP’s Market Value Soars: What It Means for Solana’s Price appeared first on COINTURK NEWS.

access time image 01-18-2025 09:05

Bitcoin Soars While XRP Coin Eyes Ethereum’s Market Position

Bitcoin Soars While XRP Coin Eyes Ethereum’s Market Position

Bitcoin is nearing $105,000 as a new crypto-friendly administration approaches. XRP Coin shows potential to challenge Ethereum's market dominance. Continue Reading:Bitcoin Soars While XRP Coin Eyes Ethereum’s Market Position The post Bitcoin Soars While XRP Coin Eyes Ethereum’s Market Position appeared first on COINTURK NEWS.

access time image 01-17-2025 18:35

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