The Institutional Token

Ripple Network

To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.

To learn more about this project, check out our deep dive of XRP.

The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform.

While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin).

How Does XRP Work?

XRP was created by Ripple to be a speedy, less costly and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.

RippleNet’s ledger is maintained by the global XRP Community, with Ripple the company as an active member. The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others.

“We believe that XRP will become the Institutional Token that will be used for Business-to-Business & Cross-Border Rapid transactions.”

99,989,907,034 XRP

Total Circulating Supply

14,065.44% ROI

Since inception in 2012

XRP News

Latest news Articles

Spark News, XRP News
When Spark (FLR) Token Airdrop? Flare CEO Drops Important Updates For Waiting XRP Holders
The Flare’s much-anticipated airdrop to XRP holders may have hit the ‘delay road’. However, Hugo Philion, the co-founder and CEO of Flare Networks shared some quick update for the waiting...
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XRP News
Ripple’s XRP Price Prediction for 2022
2021 was a particularly bullish year for Ripple’s XRP and the broader crypto market. A number of the crypto majors, including Bitcoin (BTC) and Ethereum (ETH) struck new all-time highs...
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XRP News
XRP Ledger Transactions Can Now Be Initiated Offline: What Is xPoP?
Developers of XRP Ledger Labs, a software studio that addresses XRPL-based digital payments solutions, demonstrated the concept of their offline instrument for XRP transactions based on QR-codes. No Internet needed...
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XRP News
Experts say Ripple will win SEC lawsuit, which might propel XRP to new all-time highs
The Securities and Exchange Commission’s case against Ripple is drawing to a close. The latest development in the proceedings has nearly 13 documents being pulled out of public view.  Outcome...
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XRP News
Here’s Why Ripple XRP Could Be the Crypto Option to Own Right Now
As far as cryptocurrencies go, Ripple (CCC:XRP-USD) is a micro-cap option compared to juggernauts Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD). That said, investors in XRP appear to like the growth trajectory...
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