$XRPUSDT XRP entry PT .4876 end of flag on 11/29/2023 Target
XRP (XRP) price has increased today.
The price of XRP (XRP) is $0.577456 today with a 24-hour trading volume of $1,647,722,093.60. This represents a 3.58% price increase in the last 24 hours and a 7.14% price increase in the past 7 days. With a circulating supply of 54 Billion XRP, XRP is valued at a market cap of $30,899,601,122.
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.
The price of XRP (XRP) is $0.577456 today with a 24-hour trading volume of $1,647,722,093.60. This represents a 3.58% price increase in the last 24 hours and a 7.14% price increase in the past 7 days. With a circulating supply of 54 Billion XRP, XRP is valued at a market cap of $30,899,601,122.
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.