XRP

XRP

Created using Figma
Created using Figma
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.
  • Market
    Price
    Open 24H
    Range 24H
    Volume 24H
    Change 24H
  • Bitfinex
    35 minutes ago
    $ 0.5303
    $ 0.5257
    L: $ 0.5159
    H: $ 0.5343
    $ 18.117 M
    0.88%
  • Bitstamp
    35 minutes ago
    $ 0.5137
    $ 0.5165
    L: $ 0.5046
    H: $ 0.5243
    $ 9.084 M
    -0.54%
  • Kraken
    35 minutes ago
    $ 0.5146
    $ 0.5165
    L: $ 0.5047
    H: $ 0.5249
    $ 2.971 M
    -0.37%
  • Exmo
    35 minutes ago
    $ 0.5334
    $ 0.5319
    L: $ 0.5238
    H: $ 0.5378
    $ 443.078 K
    0.28%
  • Cexio
    41 minutes ago
    $ 0.5214
    $ 0.5181
    L: $ 0.5101
    H: $ 0.5261
    $ 334.847 K
    0.64%
  • BitTrex
    37 minutes ago
    $ 0.5150
    $ 0.5180
    L: $ 0.5050
    H: $ 0.5250
    $ 259.563 K
    -0.58%
  • Liquid
    54 minutes ago
    $ 0.5216
    $ 0.5170
    L: $ 0.5060
    H: $ 0.5241
    $ 93.352 K
    0.89%
  • Quoine
    54 minutes ago
    $ 0.5216
    $ 0.5170
    L: $ 0.5060
    H: $ 0.5241
    $ 87.650 K
    0.89%
  • Bitsane
    51 minutes ago
    $ 0.5345
    $ 0.5354
    L: $ 0.5298
    H: $ 0.5466
    $ 13.900 K
    -0.17%
  • BTCAlpha
    4 hours ago
    $ 0.5017
    $ 0.5009
    L: $ 0.5009
    H: $ 0.5374
    $ 224.21
    0.16%
  • BitBay
    4 hours ago
    $ 0.5000
    $ 0.5000
    L: $ 0.4800
    H: $ 0.5400
    $ 190.21
  • Cryptsy
    2 one year ago
    $ 0.0051
    $ 0.0051
    L: $ 0.0051
    H: $ 0.0051
  • Poloniex
    14 days ago
    $ 0.4461
    $ 0.4461
    L: $ 0.4461
    H: $ 0.4461
  • TheRockTrading
    10 months ago
    $ 2.17
    $ 2.17
    L: $ 2.17
    H: $ 2.17
  • BitFlip
    2 days ago
    $ 0.6300
    $ 0.6300
    L: $ 0.6300
    H: $ 0.6300
  • IndependentReserve
    one day ago
    $ 0.4780
    $ 0.4780
    L: $ 0.4780
    H: $ 0.4780
  • StocksExchange
    5 days ago
    $ 0.5500
    $ 0.5500
    L: $ 0.5500
    H: $ 0.5500

About XRP

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.

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.

Technical Info

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.

Activity

Posts:
1 006
VERY HIGH
Followers:
140 765
VERY HIGH
Likes:
129 552
VERY HIGH
Followers:
903 738
VERY HIGH
Tweets:
6 273
VERY HIGH
30 Days Growth:
-296
Alexa
Rank:
22 545
VERY HIGH
Delta:
-2 806
Year commits:
279
Watchers:
478
Stars:
3 029
Forks:
913
Open issues:
77

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

SVP of Xpring at Ripple
unverified
SVP of Business and Corporate Development
unverified
Chief Market Strategist
unverified
General Counsel
unverified
SVP of Marketing and Communications
unverified
SVP of Global Sales
unverified
Chief Technology Officer
unverified
SVP of Customer Success
unverified
SVP of Business Operations
unverified
Chief Financial Officer
unverified

Last News

$ 0.5246
0.75%
Coin Stats
Daily, %:
0.75%
Weekly, %:
5.62%
Monthly, %:
24.27%
Market Info
Market Cap:
$ 21.092 B
Volume 24h:
$ 784.094 M
Circ. Supply:
40.206 B XRP
Ticker:
XRP
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