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XRP (XRP) Historical Price & Volume Charts
What is XRP?
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. There are 100 billion XRP at present.
Genesis Date: 2013-02-02
- 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:
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.
|Mkt. Cap||USD 11,254,370,694||Volume 24H||USD 871,901,606|
|Mkt. Share||4.09 %||Available Supply||43,024,433,511|
|Change % (1H)||0.37 %||Max Supply||100,000,000,000|
|Change % (24H)||-0.44 %||Total Supply||99,991,355,092|
|Change % (7D)||-0.43 %||Proof|
|Algorithm||Upated: 8 hours ago|
XRP Historical Data
XRP (XRP) Reviews & Critics
If You Hold XRP You May Want To See This. Ripple CTO David Schwartz. Follow us on Twitter: https://twitter.com/AltcoinDailyio Full Video: David Schwartz, CTO ....
- Isn't this a form of pandering to the system that has no incentive to change? That doesn't sound like good negotiation and very high risk?
- You are not telling us anything we don't know with this video. I would say i appreciate your honesty, but it is actually David Schwartz who is being honest here and more importantly realistic. EVERY Crypto is speculative right now. They all have the opportunity to do good and no one should root against any single coin (unless it is truly a pump and dump shitcoin). If you look at BTC you will see that there is the 51% paradigm whereas if anyone controls 51% of the mining they they have the ability to release an earlier hashrate and then release the true hashrate after the earlier hashrate has been processed. This is the double spend rule. Meaning someone could essentially (who controls 51% Proof of Work) can make payment falsely. With China controlling the 51% you feel comfortable? A failure on that scale would obliterate Crypto as we know it. While I appreciate your point of view I don't think people should lash out at your comments, but should provide some form of intelligent rebuttal on why they feel so strongly towards XRP. For me it is taking a lot of power away from governments which could also be it's demise. It is all a crap shoot as far as i'm concerned. The day crypto succeeds at all levels is when people are using it without realizing they are using it (see moneygram). I will also add one last thing..i appreciate your candor, but I think that BTC is also now in control by the Whales and they have the ability to manipulate it as they do with the stock market :(
- A coin with a total supply of 100 billion will make you rich ? Don't think so.
- Why is everybody so negative on xrp.xrp will go to 10k a coin 2020 in 2030 will be 20k coin to the moon 🌙