Ripple is a crypto coins like bitcoin based on blockchain. Designed for fast and cross border payment and financial support. Ripple created by Ripple Labs Inc. in 2012, Ripple is most popular for low transection time and power, XRP serves as both a cryptocurrency (XRP) and a technology protocol (RippleNet) aimed at revolutionizing global financial transactions.
Key Features of XRP
Speed: Transactions fast and take minimum time.
Scalability: The XRP Ledger can handle 1,500+ transactions per second (TPS), outperforming Bitcoin (7 TPS) and Ethereum (15–30 TPS).
Energy Efficiency: Uses a consensus protocol (not proof-of-work), consuming minimal energy compared to Bitcoin mining.
Also read: will ripple can grow 10x
Ripple(XRP) Supply and Distribution
Total Supply: 100 billion XRP pre-mined at launch, with no new coins created.
Circulating Supply: ~55 billion XRP (as of 2024).
Ripple’s Escrow: Ripple Labs holds ~45 billion XRP in escrow, releasing 1 billion monthly to manage market supply.
Where you can trade Ripple?
Ripple(XRP) is tradable in various crypto exchange like Binance, CoinDCX, and CoinSwitch, Bitstamp, Kraken, Huobi Global, and Coinbase, these platforms allow you to buy and sell and trade XRP.
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