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.How Do You Buy XRP?
You can buy XRP on any exchange that offers the digital currency. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab. Remember to do your own research before choosing an exchange!How Do You Store XRP?
You can either store your XRP on an exchange, where the exchange is responsible for the safety of your asset, or store your XRP in a cold or hot wallet.
Forget XRP: These 3 Cryptos Could Beat It This Summer The Motley FoolTop Coins for 10x Potential: Stellar (XLM), Ripple (XRP) and Logarithmic Finance (LOG) The Portugal NewsWhat are penny cryptos? A look at 2 such cryptos- XRP and Ren Kalkine Media10X Your Portfolio with Ripple (XRP), Stellar (XLM) and Parody (PARO) Crypto ModeView Full Coverage on Google NewsTue, 17 May 2022 21:39:10 GMT
Dear XRP Crypto Fans, Mark Your Calendars for May 18 InvestorPlaceRipple (XRP) Price Picks Up As SEC Legal Showdown Drags On NewsBTCCould the SEC case against Ripple falter over a conflict of interest? CointelegraphWhat to expect from XRP price as Ripple gets back in court with the SEC FXStreetWhy XRP Is Up 19% Today The Motley FoolView Full Coverage on Google NewsMon, 16 May 2022 19:45:25 GMT
Cryptocurrency XRP Rises More Than 5% In 24 hours - Benzinga BenzingaTue, 17 May 2022 14:20:53 GMT
Cryptos Break Down Below Previous Support, Then Bounce: Bitcoin, Ethereum, XRP ForbesFri, 13 May 2022 15:58:00 GMT
The Next Luna And UST? Crypto Market Now Braced For Another Earthquake After Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Avalanche And Polkadot Price Crash ForbesMon, 16 May 2022 09:30:47 GMT
Crypto Market Crash: Cardano, XRP, and Solana All Take Big Hits Again Today The Motley FoolThu, 12 May 2022 18:06:03 GMT
The Best Places To Buy XRP Analytics InsightMon, 16 May 2022 09:37:11 GMT
Top 3 Price Prediction Bitcoin, Ethereum, XRP: Cryptos to consolidate after weekend rally FXStreetMon, 16 May 2022 16:43:41 GMT
Be A Part Of The Future Financial System With Ripple (XRP), Aave (AAVE), and Pac-Man Frog (PAC) Analytics InsightWed, 11 May 2022 11:12:07 GMT
The $1 Trillion Crypto Crash and Cryptocurrencies' Next Move Yahoo NewsMon, 16 May 2022 14:46:00 GMT