Cryptocurrencies: 25239
Markets: 99694
Market Cap: $3,174,681,173,301     
24h Vol: $125,347,783,008
1 XRP (XRP) Rank 4
$2.393456
XRP (XRP) Rank 4
Website Reddit Twitter
57,703,732,191 XRP

XRP (XRP)

XRP (XRP)

XRP

XRP (XRP) Price
$2.39

XRP (XRP) 24h Vol
$7,698,598,556

XRP (XRP) Market Cap
$138,111,359,108

XRP (XRP) Circulating
57,703,732,191

Full Name
XRP (XRP)
Symbol
XRP
Algorithm
BTC Price
0.00002471 BTC
BTC Market
1,425,963 BTC
BTC 24h Vol
79,486 BTC
Total Coins Mined
57,703,732,191 XRP
1h
0.46 %
24h
-5.32 %
7d
-22.35 %
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 57,703,732,191 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
Market Pressures Drive XRP Below Key Support Level

Market Pressures Drive XRP Below Key Support Level

Cryptocurrency market faces increased selling pressure as Bitcoin declines. XRP has fallen below critical support levels, raising concerns about future trends. Continue Reading:Market Pressures Drive XRP Below Key Support Level The post Market Pressures Drive XRP Below Key Support Level appeared first on COINTURK NEWS.

access time image 02-27-2025 09:35

Ripple Advances XRPL Infrastructure and Prepares for Major Event

Ripple Advances XRPL Infrastructure and Prepares for Major Event

Ripple continues to develop XRPL despite global market fluctuations. New features aim to enhance financial services and security. Continue Reading:Ripple Advances XRPL Infrastructure and Prepares for Major Event The post Ripple Advances XRPL Infrastructure and Prepares for Major Event appeared first on COINTURK NEWS.

access time image 02-27-2025 08:05

SEC’s Upcoming Meeting Sparks Anticipation for XRP Developments

SEC’s Upcoming Meeting Sparks Anticipation for XRP Developments

The SEC is holding a closed meeting to discuss XRP investment products. Grayscale’s XRP fund conversion is undergoing a 240-day SEC review. Continue Reading:SEC’s Upcoming Meeting Sparks Anticipation for XRP Developments The post SEC’s Upcoming Meeting Sparks Anticipation for XRP Developments appeared first on COINTURK NEWS.

access time image 02-25-2025 23:05

Ripple Ignites XRP Coin’s Vision for Decentralized Finance

Ripple Ignites XRP Coin’s Vision for Decentralized Finance

XRP Coin faces legal challenges but sees hope with new SEC perspectives. Ripple focuses on building infrastructure for institutional decentralized finance. Continue Reading:Ripple Ignites XRP Coin’s Vision for Decentralized Finance The post Ripple Ignites XRP Coin’s Vision for Decentralized Finance appeared first on COINTURK NEWS.

access time image 02-25-2025 17:25

Investors Withdraw Millions from Crypto Funds While XRP and Others Thrive

Investors Withdraw Millions from Crypto Funds While XRP and Others Thrive

Crypto funds faced 924 million dollars in total outflows over two weeks. XRP funds saw significant inflows amidst withdrawals from Bitcoin funds. Continue Reading:Investors Withdraw Millions from Crypto Funds While XRP and Others Thrive The post Investors Withdraw Millions from Crypto Funds While XRP and Others Thrive appeared first on COINTURK NEWS.

access time image 02-24-2025 14:35

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