XRP
Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time.
Ripple was originally founded by a single company, Ripple Labs, and continues to be backed by it, rather than the larger network of developers that continue bitcoin’s development. It also doesn’t have a fluctuating amount of its currency in existence. Where bitcoin has a continually growing pool with an eventual maximum, and Ethereum theoretically has no limit, Ripple was created with all of its 100 billion XRP tokens right out of the gate. That number is maintained with no mining and most of the tokens are owned and held by Ripple Labs itself — around 60 billion at the latest count.
Even at the recently reduced value of around half a dollar per XRP, that means Ripple Labs is currently sitting on around $20 billion worth of the cryptocurrency (note: Ripple’s price crashed hard recently, and may be worth far less than $60 billion by time you read this). It holds 55 billion XRP in an escrow account, which allows it to sell up to a billion per month if it so chooses in order to fund new projects and acquisitions. Selling such an amount would likely have a drastic effect on the cryptocurrency’s value, and isn’t something Ripple Labs plans to do anytime soon.
In actuality, Ripple Labs is looking to leverage the technology behind XRP to allow for faster banking transactions around the world. While Bitcoin and other cryptocurrencies are built on the idea of separating financial transactions from the financial organizations of traditional currencies, Ripple is almost the opposite in every sense.
XRP by Ripple price can be found on this page alongside the market capitalization and additional stats.
Cryptocoins Exchanges / Binance - 2 years ago
Hello I have about 45 xrp sitting in my wallet but I didn't received the airdrop . They are in saving account. Anyone else have this problem ? Or just waiting? submitted by /u/thCuba [link] [comments]
Bitcoin News / Bitcoin.com - 2 years ago
The digital asset xrp has gained more than 10% in value during the last seven days, shrugging off the losses a majority of crypto coins experienced last week. According to data from Whale Alert, someone moved 449.3 million xrp on December 19. Moreove...
Cryptocoins News / The Cointelegraph β - 2 years ago
Bitcoin and most major altcoins are trading below the 200-day SMA, suggesting that bears are in full control. Bitcoin (BTC) continues to lose ground in December, a sig...
Cryptocoins Exchanges / Binance - 2 years ago
For some reason I don't know, Binance (Non-US) stopped lending XRP. You can borrow any coin listed on margin trading except for XRP. Any explanation? submitted by /u/BelmontRed [link] [comments]
Cryptocoins News / CoinJournal - 2 years ago
Analysts are bullish about Ripple (XRP), with current projections putting the coin at $1 before New Year’s. Technical indicators are looking sharp too with Relative Strength Index (RSI) edging higher than expected. Although headwinds still pers...
Cryptocoins Exchanges / Binance - 2 years ago
Posted this before but just seeing if anyone gotten the airdrop? Was going to ask support but was told the airdrop doesn't happen right away. Don't supposed anyone knows when it finishes so I can find out what's going on? submitte...
by COINS NEWS - 2 years ago
As most of us know, all but some of these are just scams with extra steps to pump their own shitty bags then dump on newcomers and/or idiots on YouTube. How crypto online is ever taken seriously when you canβt tell the difference between a crypto ne...
Cryptocoins Exchanges / Binance - 2 years ago
All my family got the drop.. just wondering if there is something I meant to do? submitted by /u/BeauTofu [link] [comments]
Cryptocoins News / The Cointelegraph β - 2 years ago
Bitcoin and most major altcoins are attempting a recovery, but they are likely to face strong resistance at higher levels. Bitcoin (BTC) is attempting to extend its re...
Cryptocoins News / The Cointelegraph β - 2 years ago
Itβs clear that bears have nearly extinguished all signs of bullish momentum after BTC price falls below $52,000 and altcoins take a severe belting. Bitcoin (BTC) and...
Cryptocoins News / The Cointelegraph β - 2 years ago
Bitcoin continues to encounter resistance near $60,000, but this hasnβt stopped altcoins from advancing on their previous all-time highs. Bitcoin (BTC) finished the mo...
by COINS NEWS - 2 years ago
XRP Ripple is slugging it out in court, they could have settled to the EVIL EMPIRE (THE USA) but they didn't. They held their ground because the FEDs were being bullies and really haven't established a firm definition on crypto and seemed to...
by COINS NEWS - 2 years ago
TL;DR: the most-used XRPL nodes fell out of sync due to too many requests. Many services use these nodes as running a node is expensive, owing to XRP's huge ledger and high hardware requirements. For more info, see this Twitter thread, this Twitt...
Cryptocoins News / The Cointelegraph β - 2 years ago
Bitcoin and most major altcoins rebounded off their strong support levels, but the real challenge for the bulls is to sustain the momentum and clear the $60,000 resistance level....
Cryptocoins News / CoinJournal - 2 years ago
Ripple (XRP/USD) is the best of both worlds. It was established by Ripple Labs in 2012 as a cheaper and faster means of payment compared to traditional platforms like SWIFT and digital currencies.&
Transactions are confirmed by a small number of...
Bitcoin News / Bitcoin.com - 2 years ago
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he has zero interest in investing in anything with litigation from the U.S. Securities and Exchange Commission (SEC). “That is a very bad idea,” he said. Discussing t...
Cryptocoins News / The Cointelegraph β - 2 years ago
Bitcoin and most major altcoins are on the verge of starting a deeper correction, which will signal that a short-term top may be in place. Bitcoin (BTC) and most major...
Cryptocoins Exchanges / Binance - 2 years ago
How is that possible that Binance suspended withdrawals with two of the cheapest cryptos? Seriously, I am really upset with this exchange. submitted by /u/JonniRos10 [link] [comments]
Cryptocoins News / The Cointelegraph β - 2 years ago
Bitcoin and most major altcoins are struggling to find bullish momentum, a possible signal that prices could continue to erode. Bitcoin (BTC) and most major altcoins c...
Bitcoin News / Bitcoin.com - 2 years ago
Ripple CEO Brad Garlinghouse says that he expects the lawsuit over XRP by the U.S. Securities and Exchange Commission (SEC) to come to a conclusion next year. The executive explained: “We’re seeing pretty good progress despite a slo...
Cryptocoins Exchanges / Binance - 2 years ago
I want to remove my xrp from Binance onto xumm wallet or similar. Trouble is xrp have disabled xrp protocol withdrawals, only options are bep2 and bep20 neither of which are supported by many places out the bsc smart chain. Suggestions? I donβt want...
Cryptocoins News / The Cointelegraph β - 2 years ago
Bitcoin and most major altcoins have turned down from their respective overhead resistance levels, indicating that the short-term sentiment has turned negative. Bitco...
Cryptocoins Exchanges / Binance - 2 years ago
https://preview.redd.it/w2wfrz9xs4181.jpg?width=1155&format=pjpg&auto=webp&s=ae59f0475925862b848abe73541675f6488f97b6 XRP Network Suspended Again wtf Binance? i use XRP for cheap and fast transfers between Exchanges what is...