Cryptocurrencies: 22121
Markets: 83458
Market Cap: $2,082,271,223,765     
24h Vol: $81,786,381,503
1 XRP (XRP) Rank 7
$0.43292
XRP (XRP) Rank 7
Website Reddit Twitter
55,723,063,839 XRP

XRP (XRP)

XRP (XRP)

XRP

XRP (XRP) Price
$0.43

XRP (XRP) 24h Vol
$1,066,551,998

XRP (XRP) Market Cap
$24,123,635,175

XRP (XRP) Circulating
55,723,063,839

Full Name
XRP (XRP)
Symbol
XRP
Algorithm
BTC Price
0.00000763 BTC
BTC Market
425,429 BTC
BTC 24h Vol
18,809 BTC
Total Coins Mined
55,723,063,839 XRP
1h
0.2 %
24h
6.61 %
7d
-8.97 %
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 55,723,063,839 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
Ripple and SEC Hold Meeting as XRP Price Rises

Ripple and SEC Hold Meeting as XRP Price Rises

XRP price rose in anticipation of a Ripple and SEC meeting. RSI data indicates increased buying pressure among market participants. Continue Reading:Ripple and SEC Hold Meeting as XRP Price Rises The post Ripple and SEC Hold Meeting as XRP Price Rises appeared first on COINTURK NEWS.

access time image 07-25-2024 16:01

Should You Invest in LayerZero (ZRO) or XRP at Current Prices? Experts Predict a New Crypto Could Outperform Both

Should You Invest in LayerZero (ZRO) or XRP at Current Prices? Experts Predict a New Crypto Could Outperform Both

The crypto market is currently calm, anticipating the next major bull run. Altcoins are positioned at attractive entry points, poised for potentially explosive gains. Continue Reading:Should You Invest in LayerZero (ZRO) or XRP at Current Prices? Experts Predict a New Crypto Could Outperform Both The post Should You Invest in LayerZero (ZRO) or XRP at Current Prices? Experts Predict a New Crypto Could Outperform Both appeared first on COINTURK NEWS.

access time image 07-25-2024 13:52

Analyst Predicts XRP Price Surge

Analyst Predicts XRP Price Surge

XRP's price rose 5.22% in the last 24 hours. Analyst Dark Defender predicts a move to $5.85.Continue Reading:Analyst Predicts XRP Price Surge

access time image 07-24-2024 22:12

Whales Transfer Millions of XRP Coins

Whales Transfer Millions of XRP Coins

Whales transferred approximately 77 million XRP coins in a single day. SEC's closed-door meeting increased market curiosity about XRP's future.Continue Reading:Whales Transfer Millions of XRP Coins

access time image 07-24-2024 15:36

Whale Activity and Derivatives Market Drive Interest in XRP

Whale Activity and Derivatives Market Drive Interest in XRP

Whales transferred approximately 77 million XRP coins in a single day. SEC's closed-door meeting on July 25 increases market curiosity.Continue Reading:Whale Activity and Derivatives Market Drive Interest in XRP

access time image 07-24-2024 15:36

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