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
So for over 3 hours Iβve been waiting for an XRP withdrawal that I sent from my binance account to be told after theyβre undergoing maintenance and my withdrawal will be processed no idea when Iβm getting no answers and Iβm really stressed out WTF!!!...
Cryptocoins News / The Cointelegraph β - 2 years ago
The XRP network still appears to be innovating despite its regulatory woes. If all goes according to plan, Wrapped XRP (wXRP) will be coming to the Ethereum (ETH) bl...
Cryptocoins News / CoinJournal - 2 years ago
XRP price (XRP/USD) on Tuesday edged higher 3.23% to extend gains of the last five days.
The XRP is the native currency that runs on the digital payment platform, RippleNet.
The RippleNet payment platform is an RTGS created to facilitate instan...
Cryptocoins News / The Cointelegraph β - 2 years ago
Bitcoin and Ether closed October on a strong note, increasing the possibility that the rally will pick up pace in November. Bitcoin (BTC) and Ether (ETH) had their hig...
Cryptocoins News / The Cointelegraph β - 2 years ago
Ethereum is outperforming Bitcoin in the short-term and the strength of ETH in its USD and BTC pair could be a sign that the entire altcoin market is on the verge of a larger rally....
Cryptocoins News / NewsBTC - 2 years ago
XRP has been soaring in the monthly chart with a 7.2% profit as Ripple continues to expand its corridors worldwide. As of press time, the seventh crypto by market cap trades at $1,01 and records a 10.3% correction in the daily chart. XRP correcting...
Cryptocoins News / The Cointelegraph β - 2 years ago
Bitcoin and Ether may witness a deeper pullback over the coming days and this move could shake weaker hands out of altcoins and other high risk positions. Bitcoin (BTC...
Bitcoin News / Bitcoin.com - 2 years ago
Coinbase CEO Brian Armstrong says the SEC v. Ripple case “seems to be going better than expected.” He added that the U.S. Securities and Exchange Commission “is realizing that attacking crypto is politically unpopular...
Cryptocoins Exchanges / Binance - 2 years ago
My xrp not credit i deposit my xrp yesterday before maintenance. but now im waitting 1 day MY XRP still not in my wallet what should i do how long self-service recovery. submitted by /u/Effective_Customer36 [link] [comments]
Cryptocoins News / The Cointelegraph β - 2 years ago
Bitcoin and several altcoins are attempting to resume their uptrend, but higher levels are likely to witness strong resistance from the bears. Bitcoin (BTC) has recove...
Cryptocoins Exchanges / Binance - 2 years ago
I think the most people can agree that ICP got some strong issues, why they are not getting suspended for trading if we all know people are losing a tons of money on it beceause early investors are constantly dumping every minted token or amount they...
Cryptocoins Exchanges / Binance - 2 years ago
Did ADA and XRP turn into Stablecoins or why isnt there happening anything in the chart? ???? submitted by /u/Tr4pc0d3 [link] [comments]
Cryptocoins News / The Cointelegraph β - 2 years ago
BTC and ETH reversed course as both assets search for underlying support, suggesting that bears are attempting to trap over-leveraged bulls. Bitcoin (BTC) and Ether (...
Cryptocoins News / CoinJournal - 2 years ago
Ripple CEO Brad Garlinghouse has said that Ether (ETH) overtook the company's XRP token by market capitalisation because of the US Securities and Exchanges Commission (SEC).
According to Garlinghouse, the US regulator's approach towards ETH largely e...
Cryptocoins News / The Cointelegraph β - 3 years ago
The Ripple boss claims his company has been unfairly treated, thereby giving Ethereum the edge. Ripple chief executive Brad Garlinghouse has been airing his thoughts...
Cryptocoins News / The Cointelegraph β - 3 years ago
Bitcoinβs breakout to $67,000 also sent the total crypto market capitalization to a new all-time high and is a signal that altcoins could soon embark on a new uptrend....
Cryptocoins News / The Cointelegraph β - 3 years ago
Altcoins are selling off ahead of this weekβs Bitcoin ETF launch, perhaps a sign that traders are anxious about this historic listing. ProShares Bitcoin Strategy excha...
Cryptocoins News / CoinJournal - 3 years ago
XRP's value rebounded off lows of $0.17 in January to reach highs near $2 despite negative sentiment around the SEC case
The US Securities and Exchanges Commission (SEC) sued Ripple Labs and its top executives in December 2020 for what the agency say...
Cryptocoins News / The Cointelegraph β - 3 years ago
Hopes of a BTC ETF approval sent Bitcoin charging toward a new all-time high and several altcoins are also breaking out of bullish setups. Bitcoin (BTC) rose within...