Ripple xrp to btc

XRP Coin Price & Market Data

XRP price today is $0.853632 with a 24-hour trading volume of $2,703,660,542 . XRP price is down -1.6% in the last 24 hours. It has a circulating supply of 46 Billion XRP coins and a max supply of 100 Billion. If you are looking to buy or sell XRP, Binance is currently the most active exchange.

What is Ripple?

Ripple is a privately-held fintech company that provides a global payment solution via its patented payment network called Ripple Network (also known as RippleNet). RippleNet is a payment network that is built on top of Ripple’s consensus ledger, called XRP Ledger (also known as XRPL). Ripple funded the development of the open-source XRP Ledger.

Unlike most cryptocurrencies out there that cater to peer-to-peer needs, Ripple was made to connect banks, payment providers and digital asset exchanges, enabling real-time settlement expeditions and lower transaction fees.

What is the XRP Ledger?

XRP Ledger (XRPL) is the open-source distributed ledger that is created by Ripple. The native cryptocurrency of the XRP Ledger is XRP.

Compared to Bitcoin (BTC) which uses a distributed blockchain whose transactions are processed and secured by proof-of-work mining, XRP transactions are processed by a network of trusted validators on the XRP Ledger.

Ripple transactions are publicly recorded on its open-source distributed consensus ledger which has a similar data structure to a blockchain where the successive data block includes the hash of the previous block. However, its consensus mechanism is different from Bitcoin or Ethereum. It does not rely on Proof of Work (PoW) and therefore there is no mining involved with XRP.

XRP instead relies on a consensus algorithm known as the Ripple Protocol Consensus Algorithm. The XRPL’s integrity is maintained by a group of trusted nodes. All transactions must be agreed by a supermajority of these trusted nodes for it to achieve consensus and be included in the XRP Ledger.

How does it reach a consensus if there is no mining?

XRPL uses a different set of rules called the Ripple Consensus Protocol Algorithm (RCPA). The RCPA defines how XRPL is managed by a network of independent Ripple validator nodes. Any Ripple transaction needs to be verified by at least 80% of the nodes on the network.

Anyone can become a validator. However, Ripple maintains a given set of validators that can be trusted. This trusted list of nodes is called the Unique Node List (UNL).

If Alice wants to send 1,000 Japanese Yen to her cousin Bob in India, Alice could send it to the participating financial institutions. The JPY will be converted to XRP and will be validated by the servers in the network. Bob could withdraw the money in Indian Rupee once validated. The remittance can be done within seconds.

What is the difference between XRP, XRP Ledger, Ripple, and Ripple Network?

XRP is the native token and the ticker symbol of the XRP Ledger

XRP Ledger is the distributed consensus ledger

Ripple (formerly known as Ripple Labs) is the company behind Ripple Network

Ripple Network is a global network payment built on top of the XRP Ledger

Who created Ripple?

Ripple was first started in 2004 by Ryan Fugger, who developed the first version of Ripple, called RipplePay. n 2012, Fugger handed it to Jed McCaleb and Chris Larsen, where they co-founded OpenCoin. In 2013, OpenCoin then rebranded to Ripple Labs Incorporated. In 2016, Ripple Labs rebranded to Ripple. Chris is currently the Executive Chairman of Ripple.

Jed McCaleb was previously the founder of Mt. Gox, the first Bitcoin exchange. He had a falling out with the Ripple team and forked the Ripple codebase to start Stellar. He is currently the CTO of Stellar.

Brad Garlinghouse is currently the CEO of Ripple.

What is the purpose of Ripple?

Mediator

There are many currencies that can’t be converted directly to each other. For example, if you want to convert currency A to currency B, you will need to do a double conversion: Currency A to USD and USD to Currency B. In this case, USD is the mediator that acts as a global bridge that connects different fiat currencies from the originators to the beneficiaries. XRP holds the same role but it is much cheaper than USD. The cost of a transaction on the Ripple protocol is about 0.00001 XRP and currently, 1 XRP price is at

$0.15, which would cost you next to nothing.

Fast remittance

Compared with the traditional remittance market, it can take up to 48 hours to transfer your money internationally. However, the average transaction time using XRP is 4 seconds.

Can Ripple create more XRP?

No. XRP has been pre-mined with a supply cap of 100 billion tokens.

Is Ripple different from Bitcoin?

The total supply of XRP is capped at 100 billion while the total supply of Bitcoin is capped at 21 million.

XRP’s average transaction speed is 4 seconds while Bitcoin’s transaction speed is 10 minutes.

XRP Ledger could handle 1,500 transactions per second, which is 600 times faster than Bitcoin. Bitcoin can only handle an average of around 2.5 transactions per second.

While XRP outperforms Bitcoin in terms of transactions per second, it has a different underlying consensus mechanism (trusted validators on XRP Ledger vs. distributed miners on Bitcoin) and therefore does not offer the same security that Bitcoin offers.

Can I long or short XRP?

Yes, you can long or short XRP with leverage. There are more than ten Perpetual Swaps or Futures to choose from across the many derivative exchanges such as BitMEX, Binance Futures, FTX, and many more.

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Ripple xrp to btc

Все последующие выпуски Только предстоящий выпуск Получить напоминание за 1 торговый день

Позиция успешно добавлена:

Новости о XRP

Investing.com — Криптовалюта XRP торговалась на уровне $0,89301 в 18:51 (15:51 GMT) на бирже Investing.com Index в в среду.

Аналитика и мнения по XRP

Золото По итогам прошлой недели цена золота снова опустилась ниже.

Вашему вниманию предлагается волновой анализ основных криптовалютных.

Золото По итогам прошлой недели цена золота наконец превысила уровень.

Вашему вниманию предлагается волновой анализ основных криптовалютных.

Участвуйте в форуме для взаимодействия с пользователями, делитесь своим мнением и задавайте вопросы другим участникам или авторам. Пожалуйста, используйте стандартный письменный стиль и придерживайтесь наших правил.

• Размещение ссылок, рекламы и спам;
• Ненормативная лексика, а также замена букв символами;
• Оскорбления в адрес участников форума и авторов;
• Разжигание межнациональной и расовой розни;
• Комментарии, состоящие из заглавных букв.
• Допускаются комментарии только на русском языке.

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Ripple xrp to btc

Все последующие выпуски Только предстоящий выпуск Получить напоминание за 1 торговый день

Позиция успешно добавлена:

Новости о XRP

Investing.com — Криптовалюта XRP торговалась на уровне $0,89301 в 18:51 (15:51 GMT) на бирже Investing.com Index в в среду.

Аналитика и мнения по XRP

Золото По итогам прошлой недели цена золота снова опустилась ниже.

Вашему вниманию предлагается волновой анализ основных криптовалютных.

Золото По итогам прошлой недели цена золота наконец превысила уровень.

Вашему вниманию предлагается волновой анализ основных криптовалютных.

Участвуйте в форуме для взаимодействия с пользователями, делитесь своим мнением и задавайте вопросы другим участникам или авторам. Пожалуйста, используйте стандартный письменный стиль и придерживайтесь наших правил.

• Размещение ссылок, рекламы и спам;
• Ненормативная лексика, а также замена букв символами;
• Оскорбления в адрес участников форума и авторов;
• Разжигание межнациональной и расовой розни;
• Комментарии, состоящие из заглавных букв.
• Допускаются комментарии только на русском языке.

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XRP: The Best Digital Asset for Global Payments

XRP offers financial institutions the fastest, most reliable option for sourcing liquidity on demand.

What Is XRP?

XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds.

XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently.

How Is XRP Used?

Faster, less costly and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space.

Ripple is focused on building technology to help unleash new utility for XRP and transform global payments. Third parties are also pursuing other XRP-related use cases.

RippleNet

RippleNet customers can use XRP for sourcing liquidity in cross-border transactions, instead of pre-funding—ensuring instant settlement, lower exchange fees and more efficient use of working capital.

RippleX

RippleX is Ripple’s open developer platform for money. Through RippleX projects, developers leverage XRP and its underlying technology in use cases from micropayments, to e-commerce to exchanges and peer-to-peer services.

XRP and the XRP Ledger are open-source technology that anyone can build on. To get started, learn more at XRPL.org.

How Does the XRP Ledger Work?

The ledger is maintained by independent participants of a global “XRP Community,” of which Ripple is an active member.

Independent validator nodes come to an agreement on the order and validity of XRP transactions. This agreement, called consensus, serves as final and irreversible settlement. The ledger reaches consensus on all outstanding transactions every 3-5 seconds, at which point a new ledger is issued. Anyone can be a validator, and active validators on the ledger today include universities, exchanges and financial institutions. There are currently 36 validators, and Ripple runs 6 of them—16%.

Interested in running a validator? Learn how to get started here.

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