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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 13,923,818,252||Volume 24H||USD 956,539,273|
|Mkt. Share||7.61 %||Available Supply||41,970,748,057|
|Change % (1H)||-0.26 %||Max Supply||100,000,000,000|
|Change % (24H)||-0.13 %||Total Supply||99,991,649,568|
|Change % (7D)||1.00 %||Proof|
|Algorithm||Upated: 1 hour ago|
XRP Historical Data
XRP (XRP) Reviews & Critics
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- you really thinks going to rise ?
- I dnt know shit. So I just buy the ripple and watch the market?
- There is a lot of FOMO and confusion about the future of Ripple. There are a lot of people who want to make us believe that XRP becomes soon a kind of "World Currency" because it is useful in international transfer of money beside the SWIFT-System. Perhaps they are right! But the fact today is: We don`t know, but we all know that XCurrent is a solution which helps only banks for a certain kind of inner problems but will not help directly the investors of the XRP-Token. This depends only on the usage of XRapid in future! We all can`t imagine how banks think about this, but we can try predictions! Thesis 1. The banks hate cryptocurrencies and try to cooperate but also destroy at least the decisive part of them, especially the core of Crypto: Decentralization, Open Source, Privacy...If this is their main motivation they will influence polititians to make laws of "regulation" in order to destroy this core of Cryptocurrencies named decentralization because this aims on the heart of banking systems...If not, it could destoy them...! Their arguments: Terrorism, Corruption, Crime...and all this bullshit of US-Elite-System- Ideologists! For example the longterm discussion about the question what most crypto currency are, "utility tokens" or "security tokens"! It shows they are not yet decided what to do but they want to keep the power of hard regulation up to complete abolition in their hands as long as possible. According to this the governments and the banks who at least give the governments the money to gover!!! will do everything to prevent Cryptocurrencies, especially Ripple`s XRP-Rapid as a dooropener for cryptocurrencies and they will choose and build other solutions to solve the problem of international money transfer beside Ripple. So the deal between VISA and Earthport could mean that Ripple and XRapid will not be used by the banks and perhaps remains with the Ripple segment XCurrent a DLT only for the use for banks! Thesis 2: The banks hate cryptocurrencies but they realize that they can`t abolish them at all. So they try to use XRP as a Troyan Horse in Cryptoworld in order to controll other cryptocurrencies including Bitcoin and hold them down with regulations! "Risk": XRapid itsself is a kind of Troyan Horse for the banks as a dooropener for other cryptocurrencies which helps to increase their usage of Bitcoin & Co. Despite of this "risk" the banks could in fact follow the aim of XRP as a kind of "World Wide Currency"...another "Reserve Currency" as a new "Reserve Currency of the World"! But therefore they have to controll Ripple completely...they have to overtake it and change it to a US-Stable Coin...a kind of USD! In my eyes this could really happen. Especially when international economic crisis become more serious! Ten years ago similiar crisis were the reason of Bitcoin...now XRP could be the solution for an undergoing system with overwhelming debt-problems!...A new system based on a Crypto-currency which is completely centralized and controlled by banks and government"...a simulation of Bitcoin! 3. Thesis: Banks hate cryptocurrencies, they don`t take attention to the economic necessity and the wish of people for freedom and decentralization. And the banks will be swept off...A Walt-Disney fairy tale...WHAT WILL HAPPEN; WHAT IS MOST PROBABLE VISION???
- Xrp baby