XRP is the native cryptocurrency of the Ripple Network, a decentralized payment network. Here are some key points about XRP:$XRP
- _Symbol_: XRP
- _Consensus Algorithm_: Ripple Protocol consensus algorithm (RPCA)
- _Total Supply_: 100 billion XRP tokens
- _Circulating Supply_: Approximately 45 billion XRP tokens
- _Use Cases_:
- Cross-border payments and settlements
- Liquidity provision for RippleNet
- Decentralized finance (DeFi) applications
- Microtransactions
- _Unique Features_:
- Fast transaction processing (3-5 seconds)
- Low transaction fees
- High scalability
- Growing ecosystem of financial institutions and partners
Ripple Network aims to provide a decentralized and efficient platform for cross-border payments and settlements.
Current Price (approximate):