Cryptocurrencies: 23580
Markets: 87541
Market Cap: $2,462,068,391,601     
24h Vol: $192,020,616,365
1 XRP (XRP) Rank 7
$0.535317
XRP (XRP) Rank 7
Website Reddit Twitter
56,868,662,755 XRP

XRP (XRP)

XRP (XRP)

XRP

XRP (XRP) Price
$0.54

XRP (XRP) 24h Vol
$1,997,051,109

XRP (XRP) Market Cap
$30,442,773,348

XRP (XRP) Circulating
56,868,662,755

Full Name
XRP (XRP)
Symbol
XRP
Algorithm
BTC Price
0.00000724 BTC
BTC Market
411,951 BTC
BTC 24h Vol
27,024 BTC
Total Coins Mined
56,868,662,755 XRP
1h
0.29 %
24h
4.66 %
7d
2.26 %
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 56,868,662,755 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
SEC Decision on XRP ETF Could Extend to Mid-2025

SEC Decision on XRP ETF Could Extend to Mid-2025

The SEC may delay its XRP ETF decision until mid-2025. Bitwise's ETF application reflects confidence in XRP's potential. Continue Reading:SEC Decision on XRP ETF Could Extend to Mid-2025 The post SEC Decision on XRP ETF Could Extend to Mid-2025 appeared first on COINTURK NEWS.

access time image 11-19-2024 12:01

XRP Surges Past $1 as Market Shows Strong Momentum

XRP Surges Past $1 as Market Shows Strong Momentum

XRP surpassed $1, marking a significant milestone in its recovery. Market dynamics and SEC developments contribute to XRP's recent price surge. Continue Reading:XRP Surges Past $1 as Market Shows Strong Momentum The post XRP Surges Past $1 as Market Shows Strong Momentum appeared first on COINTURK NEWS.

access time image 11-18-2024 12:21

Societe Generale’s Announcement Boosts XRP Coin Price

Societe Generale’s Announcement Boosts XRP Coin Price

XRP surged over 15% after Societe Generale's announcement. EURCV complies with EU regulations, enhancing XRP's use cases. Continue Reading:Societe Generale’s Announcement Boosts XRP Coin Price The post Societe Generale’s Announcement Boosts XRP Coin Price appeared first on COINTURK NEWS.

access time image 11-17-2024 19:31

Egrag Crypto Shares Insights on XRP’s Price Surge

Egrag Crypto Shares Insights on XRP’s Price Surge

Egrag Crypto sees potential for XRP to reach 4.96 dollars. Significant investor activity supports XRP's upward price momentum. Continue Reading:Egrag Crypto Shares Insights on XRP’s Price Surge The post Egrag Crypto Shares Insights on XRP’s Price Surge appeared first on COINTURK NEWS.

access time image 11-17-2024 17:31

Market Analysts Predict Price Movements for BONK, Ripple (XRP), and MINA Coin

Market Analysts Predict Price Movements for BONK, Ripple (XRP), and MINA Coin

November marks a pivotal moment for cryptocurrencies as market trends evolve. BONK Coin and Ripple (XRP) show signs of significant price movements. Continue Reading:Market Analysts Predict Price Movements for BONK, Ripple (XRP), and MINA Coin The post Market Analysts Predict Price Movements for BONK, Ripple (XRP), and MINA Coin appeared first on COINTURK NEWS.

access time image 11-17-2024 15:10

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