RippleXRP

XRP is the native cryptocurrency of RippleNet. The goal of XRP is to serve as an intermediate mechanism of exchange between two currencies or networks—as a sort of bridge settlement layer of denomination.

Price History
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Vol0.00XRP
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Market Info
Market Cap
$48,534,799,537
Diluted Market Cap
$48,540,000,000
Vol 24h
$169,912,338
Vol / Market Cap
0.0035
24h Change
10.85%
1h Change
-0.45%
24h High
$0.51
24h Low
$0.43
Latest Block
74,738,339
Block Reward
-
Hashes Per Second
-
Circulating Supply
99,989,286,233
Max Supply
100,000,000,000
Consensus
XRP LCP
Algorithm
-
Genesis Block Date
2013-01-01
Data provided by CryptoCompare
About

A brief history
RippleNet was founded in 2012 by Chris Larsen and Jed McCaleb and is based on the work of Ryan Fugger, who created the XRP Ledger- an open-source cryptographic ledger powered by a peer-to-peer network of nodes. XRP’s main aim is to increase the speed and reduce the cost of transferring money between financial institutions. XRP does this through an open-source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form. XRP is a global network and counts major banks and financial services among its customers. Ripple uses a medium, known as a gateway, as the link in the trust chain between two parties wanting to make a transaction. Usually, in the form of banks, the gateway acts as a trusted intermediary to help two parties complete a transaction by providing a channel to transfer funds in fiat and cryptocurrencies. It should also be noted that XRP runs a federated consensus algorithm which differs from both Proof-of-Work and Proof-of-Stake mechanisms. Essentially, the mechanism allows participating nodes to validate transactions by conducting a poll, enabling almost instant confirmations without a central authority.

XRP in practice
In contrast to conventional methods of payments, XRP can be used to provide on-demand liquidity and act as a bridging currency to settle cross-border transactions in less than five seconds and at a fraction of the cost of traditional transfers. XRP transactions are charged and a small amount of the users' XRP is burned, with the amount destroyed varying depending on network activity. Additionally, unlike mined coins, a smart contract controls the release of XRP, with Ripple planning to release a maximum of 1 billion XRP tokens each month as governed by the smart-contract. Any unused portion of the XRP in a particular month will be shifted back to an escrow account. This mechanism thus limits the possibility of misuse due to an oversupply of XRPcoins.

Project Links
Website
Xrpl.org
Documents
Whitepaper
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ROI
USD
ETH
BTC
6H
0.00%
0.00%
0.00%
1D
-0.27%
0.05%
0.44%
1W
-4.16%
-4.51%
-4.91%
1M
48.21%
72.91%
52.78%
6M
-42.38%
52.32%
37.56%
1Y
-49.03%
14.77%
14.80%
3Y
95.37%
-74.26%
-16.40%
5Y
133.17%
-46.93%
-47.19%
USD
XRP

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