A detailed description and exchange rate of Bitcoin Ripple (XRP)

 Ripple (XRP) Cryptocurrency 


Curculation 45248061374.0 из 100000000000 XRP

Top exchanges by trading volume XRP

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Description

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XRP positions itself as one of the most liquid currencies which is fast (settles in 3-5 seconds), scalable (can handle 1,500 transactions per second), decentralized (140+ validators), stable (7-year track record) and with a negligible energy consumption (due to the consensus protocol vs proof-of-work). XRP 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. XRPs 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.

  • 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.

 

 

 

Rating Ripple

Rank by rate  CoinMarketCap: 4

Rank by rate  CoinGecko: 3.

Evaluation of communication (points): 56,257

Common Assessment Points: 0

Evaluation of the design (points): 79,878

Assessment of the liquidity (points): 80,284

Similar on Ripple cryptocurrencies

Useful links and additional information

Courses, exchanges, trade XRP

Blockchain, hashrate, mining XRP

Events XRP

Official website XRP: https://ripple.com/currency/ 

Block explorers RIPPLE: blockchair.com  xrpcharts.ripple.com  xrpscan.com  bithomp.com 

Forums RIPPLE: www.xrpchat.com 

Socials

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Reddit: -  

Software

GitHub: https://github.com/ripple/rippled,  https://github.com/ripple/ripple-lib

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  •  25 сен 2020 09:26
  •  4 сек.
  •  -
  •  1 block
  •  99 991 846 912 XRP