What is XRP (XRP)?
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Overview
XRP is the native token of the digital payment protocol developed by Ripple Labs. Designed for fast, affordable cross-border payments, it aims to integrate with existing banking systems.
How It Works
XRP Ledger uses the Ripple Protocol Consensus Algorithm (RPCA), requiring no mining. Transactions settle in 3-5 seconds with minimal energy consumption. 100 billion XRP were pre-minted.
Key Features
3-5 second settlement
~$0.0002 per transaction
Energy efficient
Financial institution partnerships
100 billion pre-minted
Specifications
Founded2012
ConsensusRPCA
Max Supply100,000,000,000
Websiteripple.com
Use Cases
Cross-border paymentsinterbank settlementliquidity provisiondecentralized exchange