Market Cap: $2,327,850,282,896
24h Vol: $92,880,807,545
Cryptocurrencies: 30384
Markets: 106853
Cryptocurrencies: 30384
Markets: 106853
Market Cap: $2,327,850,282,896     
24h Vol: $92,880,807,545
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XRP (XRP)

Explore market data, price history and the technology behind XRP — in one place.

Market intelligenceHistorical analyticsResearch & education
Illustrative digital asset market dashboard
XRP logo
Concept illustration — not live market data
Price (USD)$1.03
Market capitalization$65,181,487,139
24-hour trading volume$2,473,090,078
INTERACTIVE TOOL

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RESEARCH & DISCOVERY

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Market snapshot

Price, market capitalization and 24-hour volume are shown above when available. These are provider-supplied reference values, not verified real-time quotes.

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Data may be delayed. Verify figures independently before making financial decisions. Market data is not investment advice.

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MARKET DATA STATUS

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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.

Reference information below may originate from historical third-party records. Network statistics and external links are not verified as live; confirm current values independently.

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 63,516,606,953 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