Cryptocurrencies: 24151
Markets: 92278
Market Cap: $3,597,361,398,400     
24h Vol: $316,655,814,603
1 XRP (XRP) Rank 4
$2.367206
XRP (XRP) Rank 4
Website Reddit Twitter
57,117,231,849 XRP

XRP (XRP)

XRP (XRP)

XRP

XRP (XRP) Price
$2.37

XRP (XRP) 24h Vol
$15,839,980,379

XRP (XRP) Market Cap
$135,208,272,875

XRP (XRP) Circulating
57,117,231,849

Full Name
XRP (XRP)
Symbol
XRP
Algorithm
BTC Price
0.00002417 BTC
BTC Market
1,380,444 BTC
BTC 24h Vol
161,722 BTC
Total Coins Mined
57,117,231,849 XRP
1h
0.91 %
24h
2.78 %
7d
51.35 %
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 57,117,231,849 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
Whales Accumulate 40 Million XRP Despite Price Drops

Whales Accumulate 40 Million XRP Despite Price Drops

Ripple whales have purchased 40 million XRP despite price declines. Experts believe XRP could reach $3.50 by 2025. Continue Reading:Whales Accumulate 40 Million XRP Despite Price Drops The post Whales Accumulate 40 Million XRP Despite Price Drops appeared first on COINTURK NEWS.

access time image 12-24-2024 12:14

Ripple Labs Launches RLUSD to Boost XRP Trading Volume

Ripple Labs Launches RLUSD to Boost XRP Trading Volume

RLUSD aims to increase XRP trading volume and strengthen the XRPL ecosystem. The stablecoin is integrated with Ethereum for enhanced DeFi access. Continue Reading:Ripple Labs Launches RLUSD to Boost XRP Trading Volume The post Ripple Labs Launches RLUSD to Boost XRP Trading Volume appeared first on COINTURK NEWS.

access time image 12-23-2024 09:44

Ripple Whales Signal Positive Trends by Purchasing More XRP

Ripple Whales Signal Positive Trends by Purchasing More XRP

Ripple whales are purchasing significant amounts of XRP during market downturns. The launch of the RLUSD stablecoin is a promising development for XRP. Continue Reading:Ripple Whales Signal Positive Trends by Purchasing More XRP The post Ripple Whales Signal Positive Trends by Purchasing More XRP appeared first on COINTURK NEWS.

access time image 12-21-2024 19:44

XRP Price Signals Potential Rally with Major Transfer

XRP Price Signals Potential Rally with Major Transfer

XRP shows signs of a potential rally following a significant transfer. Experts predict upward movement despite a recent price dip. Continue Reading:XRP Price Signals Potential Rally with Major Transfer The post XRP Price Signals Potential Rally with Major Transfer appeared first on COINTURK NEWS.

access time image 12-21-2024 14:14

Ripple’s New Stablecoin Launch Impacts XRP Prices

Ripple’s New Stablecoin Launch Impacts XRP Prices

The cryptocurrency market experienced a correction after the XRP price fell significantly. Ripple's launch of the RLUSD stablecoin played a role in this price decline. Continue Reading:Ripple’s New Stablecoin Launch Impacts XRP Prices The post Ripple’s New Stablecoin Launch Impacts XRP Prices appeared first on COINTURK NEWS.

access time image 12-19-2024 11:44

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