Cryptocurrencies: 20507
Markets: 77950
Market Cap: $2,527,218,128,466     
24h Vol: $73,188,869,261
1 XRP (XRP) Rank 7
$0.587409
XRP (XRP) Rank 7
Website Reddit Twitter
55,051,549,471 XRP

XRP (XRP)

XRP (XRP)

XRP

XRP (XRP) Price
$0.59

XRP (XRP) 24h Vol
$945,780,615

XRP (XRP) Market Cap
$32,337,759,655

XRP (XRP) Circulating
55,051,549,471

Full Name
XRP (XRP)
Symbol
XRP
Algorithm
BTC Price
0.00000867 BTC
BTC Market
477,555 BTC
BTC 24h Vol
13,967 BTC
Total Coins Mined
55,051,549,471 XRP
1h
-0.13 %
24h
1.55 %
7d
-6.24 %
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 55,051,549,471 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
XRP Coin Price Trends and Market Analysis

XRP Coin Price Trends and Market Analysis

XRP Coin currently trades at $0.54, recovering from recent lows. Price could rally if it maintains closure above $0.52.Continue Reading:XRP Coin Price Trends and Market Analysis

access time image 04-22-2024 18:20

XRP Coin’s Legal Challenges and Market Dynamics

XRP Coin’s Legal Challenges and Market Dynamics

Lawyers to challenge SEC on XRP case this Monday. XRP price recently recovered, rising 5.55% to $0.53.Continue Reading:XRP Coin’s Legal Challenges and Market Dynamics

access time image 04-21-2024 10:17

Ripple CTO David Schwartz Clarifies His Commitment to XRP

Ripple CTO David Schwartz Clarifies His Commitment to XRP

David Schwartz addresses rumors about his loyalty to Ripple. He emphasizes his commitment stems from shared principles and values.Continue Reading:Ripple CTO David Schwartz Clarifies His Commitment to XRP

access time image 04-21-2024 03:17

XRP Price Dynamics and Market Predictions

XRP Price Dynamics and Market Predictions

XRP community anticipates a major breakout despite recent gains. Expert analysis suggests potential rise above $1 soon.Continue Reading:XRP Price Dynamics and Market Predictions

access time image 04-20-2024 20:37

In Mid-April $1M Boosts Kelexo (KLXO) Presale Prompting Speculation on Ethereum (ETH) & Ripple (XRP) Future Amidst Bitcoin (BTC) Halving

In Mid-April $1M Boosts Kelexo (KLXO) Presale Prompting Speculation on Ethereum (ETH) & Ripple (XRP) Future Amidst Bitcoin (BTC) Halving

With just a few weeks into Q2, crypto holders are beginning to transfer the profit made in Q1 into investments and strategic trades. The crypto market is finally stabilizing and the price drop is returning to normal.Continue Reading:In Mid-April $1M Boosts Kelexo (KLXO) Presale Prompting Speculation on Ethereum (ETH) & Ripple (XRP) Future Amidst Bitcoin (BTC) Halving

access time image 04-20-2024 17:00

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