Crypto Coin Overview
Ripple (XRP)
N/A (N/A)
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Daily Volume 80 759,23 Hour trend 0.52 Daily Trend 9.85 Week Trend -11.5
Ripple Summary information
Ticker Coin Name Price, $ Coin Turnover 24H Market Cap, Available supply Total supply
XRP Ripple 1.01247 ~831 283 889,89 39 582 314 375,00 39,094,802,192 (39.1%) 99,992,622,540

Project Description

Ripple positions itself as a complement to, rather than a competitor with, Bitcoin - the site has a page dedicated to Ripple for bitcoiners. Ripple is a distributed network which means transactions occur immediately across the network - and as it is peer to peer - the network is resilient to systemic risk. Ripples aren't mined - unlike bitcoin and its peers - but each transaction destroys a small amount of XRP which adds a deflationary measure into the system. There are 100 billion XRP at present.

Technical specifications

The Ledger and Consensus
The Ripple protocol is, at its core, a shared public database. This database includes a ledger, which serves to track accounts and the balances associated with them. The ledger is a distributed database — a perfect, shared record of accounts, balances, and transactions in the Ripple protocol. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world. At any time, anybody can review the ledger and see a record of all activity on the Ripple protocol. When changes are made to the ledger, computers connected to the Ripple protocol will mutually agree to the changes via a process called consensus. The Ripple protocol reaches consensus globally within seconds of a change being made. The consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized transaction settlement on the Ripple protocol.

The World’s First Distributed Exchange
No one owns or controls the Ripple protocol. It runs on computers around the world, all working together to continually maintain a perfect, shared record of accounts, balances, and transactions. Distributed networks offer many efficiencies over centralized networks. Because the network is “self-clearing”, it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are more reliable. They also tend to be more secure, due to their open source nature.

 

 

 

Project Features

  • Math-Based Currency
    A math-based currency, also referred to as a cryptocurrency, is a digital asset with verifiable mathematical properties, similar to how we can reliably verify gold as a substance made of atoms with 79 protons. Math-based currencies exist as digital assets in their own right and can be transferred directly between users (as fiat cash can be) without relying on a centralized protocol operator. XRP exists as a math-based currency on the Ripple protocol.
  • Abuse Protection
    The primary function of XRP is to protect the Ripple protocol against denial-of-service (DoS) spam attacks. Since the Ripple protocol is based around a shared ledger of accounts, a malicious attacker could create large amounts of “ledger spam” (such as fake accounts) and “transaction spam” (such as fake transactions) in an attempt to overload the protocol. This could cause the size of the ledger to become unmanageable and interfere with the protocol’s ability to quickly settle legitimate transactions.
  • Bridge Currency
    XRP has great value as a bridge currency. Because each gateway’s balances trade as distinct assets within Ripple, the number of potential currency pairings can become quite large. Instead of quoting every possible currency/gateway combination, XRP can serve as a useful bridge currency to enable these transfers. This is possible because if every currency is liquid to XRP, then every currency is liquid to every other currency:

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Ripple Latest Updates
February 22, 2018

Demystifying Digital Assets Part 3

Blockchain might seem often synonymous with Bitcoin — but the reality is that the most impactful application of distributed ledger technology isn’t just as a store of value — instead it’s in a use case designed to revolutionize how companies make payments across borders. This impact is...

From: Team Ripple

February 21, 2018

Continued Decentralization & the XRP Ledger Consensus Protocol

In May of 2017, Ripple announced its preliminary strategy to increase decentralization and ensure that no single entity has operational control of the XRP Ledger. Our last update, in October, laid out the details of our two phase plan. The first phase is well underway: Ripple has migrated to...

From: Team Ripple

rippled Version 0.90.0

rippled Version 0.90.0 Ripple has released rippled version 0.90.0, which introduces several enhancements that improve the reliability, scalability and security of the XRP Ledger. Ripple recommends that all server operators upgrade to version 0.90.0 by Thursday, 2018-03-15, for service...

From: Rome Reginelli

RippleNet Strengthens Emerging Markets Access into India, Brazil and China

According to the World Bank, global remittance payments are on track to grow by 3.4 percent or roughly $466 billion in 2018, with India and China having the highest incoming flows in 2017. Together with this massive flow of capital, emerging markets are home to 85 percent of the global...

From: Team Ripple

February 16, 2018

Fan Friday: Q&A with Hodor

XRP’s advantage over other digital assets derives from its underlying technology and utility. It’s incredibly scalable — powering over 1,500 transactions per second — and is faster than any other digital asset available today. It also has a compelling use case: the potential to solve...

From: Reinhard Cate

February 14, 2018

Demystifying Digital Assets Part 2

SWIFT — the decades old financial messaging service relied on by banks around the world — no longer has the monopoly on global banking it once did. Blockchain has quickly emerged to challenge SWIFT’s dominance on the industry. While SWIFT has been a reliable and secure method to transfer...

From: Team Ripple

Ripple and Saudi Arabian Monetary Authority (SAMA) Offer Pilot Program for Saudi Banks

The Saudi Arabian Monetary Authority (SAMA) — the central bank for the Kingdom of Saudi Arabia (KSA) — has signed an agreement with Ripple to help banks in the KSA improve their payments infrastructure using xCurrent. This ground-breaking pilot program is the first of its kind to be...

From: Team Ripple

February 12, 2018

The World Cup of Global Payments: Get Off the Sidelines

In just a few short months, the world’s attention will turn to Russia and the 2018 World Cup. This gathering of the globe’s best is a showcase for both team talent and national pride. It’s also an apt analogy for how to win in global payments today. Every four years, this play-in...

From: Team Ripple

February 08, 2018

Banning Cryptocurrency Would be as Sensible as Banning the Internet

In the early 1990s, the rise of the internet coincided with the fall of communism and the Soviet Empire. It’s not a coincidence that as the internet grew in popularity and usefulness, democracies flourished around the world. The potential of the internet transcended borders and helped to...

From: Antoinette O'Gorman

February 07, 2018

Demystifying Digital Assets Part 1

While blockchain and digital assets have become increasingly popular, it’s hard for many outside the industry to see beyond the buzz. The adoption of the technology combined with the right digital asset can provide benefits that can drastically improve the way financial institutions do...

From: Team Ripple

LianLian International Joins RippleNet to Provide Faster Payments into China

Online retail is massive in China and it’s only getting bigger. In fact, the Chinese e-commerce market totaled $672 billion in 2017 — the largest contributor to the $4 trillion global e-commerce market — and cross-border e-commerce transactions into the country are projected to reach...

From: Team Ripple

February 02, 2018

The Case for More Decentralization

Over the past two years, the blockchain and digital asset industry have shown phenomenal growth as it continues to solve the performance, scalability and security problems in the payments space. More financial institutions have begun to adopt blockchain technology to help modernize global...

From: Richard Crook

January 31, 2018

Blockchain Connect Fireside Chat: Ripple CEO Speaks about Ripple Solutions for Global Payments

It was easy to feel the energy and excitement at the San Francisco Palace of Fine Arts Theatre as a massive crowd of blockchain enthusiasts flowed into the 2018 Blockchain Connect Conference, forcing it to quickly reach capacity. The annual conference —  which caters to blockchain...

From: Reinhard Cate

January 30, 2018

SBI Virtual Currencies to Exclusively List XRP at Launch

Adding to the momentum behind XRP’s growing global liquidity, SBI Holdings announced that its newly released digital asset exchange — SBI Virtual Currencies — will use XRP as the only digital asset supported at launch. SBI Holdings is the leading financial service company in Japan. Their...

From: Team Ripple

January 24, 2018

More Global Payment Providers, IDT and MercuryFX, Sign Up to Use XRP

As the remittance market grows in emerging and major corridors, so too does the need to make payments real-time, transparent and certain. In fact, global remittances — which include flows to high-income countries — were estimated to be $596 billion in 2017. To serve the bustling remittance...

From: Team Ripple

Q4 2017 XRP Markets Report

To continually improve the health of XRP markets globally, we share regular updates on the state of the market including quarterly sales, commentary on previous-quarter market developments and Ripple company-related announcements. Quarterly Sales In Q4 2017, market participants purchased $20.1...

From: Miguel Vias

Much Ado, Much To Do – Part 2

This is the second post of three in a series on Ripple’s vision and product strategy. You can read the first here and the final post here. Our Strategy: Partner and Rebuild We learned early in our journey that despite what Bitcoin purists will preach, financial institutions aren’t the enemy....

From: Team Ripple

Much Ado, Much to Do – Part 1

This is the first post of three in a series on Ripple’s vision and product strategy. You can read the second here and the final post here. Though it didn’t happen overnight, we’re living in a new world; blockchain and digital assets went from niche to mainstream in 2017. Since 2014,...

From: Team Ripple

Much Ado, Much to Do – Part 3

This is the third post of three in a series on Ripple’s vision and product strategy. You can read the first here and the second post here. Strategy Two: Solve Liquidity Management with xRapid Cross-border payments usually involve a currency trade. Financial institutions and corporations...

From: Team Ripple

January 19, 2018

Ripple Employee Spotlight: Raghu Battula, Sr. Director of Engineering

Ripple’s growth and success can be attributed to the hard work of the bright and driven people that work at the company. The engineering team at Ripple has been critical to creating solutions to improve cross-border payments, and with the recent addition of Raghu Battula, the Senior Director...

From: Team Ripple

January 18, 2018

Top 9 Frequently Asked Questions About Ripple and XRP

The market interest about Ripple and XRP has reached a fever pitch, and naturally, people have questions about the company, the digital asset, how it’s used and where to buy it. In order to clear up any misconceptions about Ripple and XRP, we’ve published answers to nine of the most...

From: Team Ripple

January 17, 2018

REMINDER: rippled Version 0.81.0 Validator Key Replacement

On Wednesday, January 18, 2018, as described in the 0.81.0 release notes, the current validator keys on all five Ripple-operated rippled validator servers will be replaced. If you have been using the previous recommended default configuration and do not reconfigure your rippled server to the...

From: Ryan Young

January 13, 2018

Boost 1.66 Not Supported for rippled 0.81.0

A warning to developers: rippled versions 0.81.0 and earlier do not compile with the recently-released Boost library version 1.66.0. To compile rippled yourself, Ripple recommends using Boost version 1.65.1. The minimum supported version of Boost is 1.58.0, which is included in the official...

From: Rome Reginelli

January 11, 2018

MoneyGram to Use XRP for Faster International Payments

The global remittance market is a big business. In 2016, remitters sent nearly $600 billion in cross-border payments to help support family members living in their home countries or to settle transactions with business partners. Money transfer companies allow people to send cross-border...

From: Team Ripple

January 09, 2018

Who Really Cares About Real-time Payments?

Behind the daily shouts about the market value of cryptocurrencies, there are quiet murmurs about another revolution in the making — real-time, domestic payment systems. Australia is set to launch their domestic New Payments Platform (NPP) in early 2018. Offering always-on, “near...

From: Dilip Rao

rippled Version 0.81.0

Ripple has released rippled version 0.81.0, which introduces changes that improve the scalability of the XRP Ledger and transitions the recommended validator configuration to a new hosted site, as described in Ripple’s Decentralization Strategy Update post. Ripple strongly recommends...

From: Rome Reginelli

January 05, 2018

Looking Ahead: 2018 Predictions for the Digital Asset Space

2017 was the year all eyes turned to digital assets and blockchain technology — spurring both to pop up everywhere around the globe. In fact, there are now more than 1,300 types of digital assets with a collective market capitalization of over $700 billion — which is a higher market cap...

From: Team Ripple

December 28, 2017

The Most Popular Ripple Insights Posts of 2017

Ripple punched above its weight class in 2017. We successfully launched our first blockchain conference, announced a new collaboration with the Gates Foundation and increased the number of RippleNet members to more than 100. And Ripple Insights became the official destination to learn about all...

From: Team Ripple

December 26, 2017

The Season for Giving: Auctioning Off Ripple-Branded Patagonia Jackets for Charity

We’ve received a lot of interest in the Ripple-branded Patagonia jacket Ripple CEO Brad Garlinghouse sported on his end-of-year “Ask Me Anything.” Since it’s the season for giving (and for XRP!), we’re auctioning off 16 jackets for charity. We’ll donate 100...

From: Team Ripple

December 21, 2017

Ask Me Anything with David

Ripple is hosting a live Q&A with our Chief Cryptographer, David Schwartz The post Ask Me Anything with David appeared first on Ripple.

From: Team Ripple

XRP Now Available on 50 Exchanges Worldwide

The digital asset market is heating up. Many new assets entered the space touting to be better and faster for settling payments. Worldwide interest surged, which boosted the collective market cap from $93.3 billion in August 2017 to just under $600 billion by mid-December 2017 — an increase of...

From: Team Ripple

Happy 5th Anniversary, XRP Ledger!

Ripple has had a lot to celebrate over the last year! From adding new RippleNet members, to launching our first blockchain conference, to completing the escrow of 55 billion XRP, it’s clear that the team’s hard work to enable the Internet of Value (IoV), coupled with the XRP community’s...

From: Team Ripple

December 19, 2017

Exploring Innovation in Payment System Infrastructures

While the market has been focused on the bitcoin frenzy and commercial banks continue their migration onto enterprise-grade platforms, such as RippleNet, another revolution has quietly bubbled up around Distributed Ledger Technology (DLT). Central banks and financial market infrastructures, key...

From: Team Ripple

Zoe Cruz Joins Ripple’s Board of Directors

Ripple is excited to welcome Zoe Cruz to our board of directors. Cruz served as co-president for institutional securities and wealth management at Morgan Stanley from 2005 to 2007. Prior to that role, she was global head of fixed income, commodities and foreign exchange. She joined Morgan...

From: Team Ripple

December 18, 2017

Krungsri Collaborates with Petrochemical Company to Expedite Cross-border Payments and Retain Customers

Bank customers — both consumers and businesses — have spoken and they demand a faster way to send money globally. Krungsri (Bank of Ayudhya PCL), one of the largest banks in Thailand, heard the call, and in an effort to better serve their customers, they joined RippleNet to remove the...

From: Team Ripple

December 16, 2017

An Explanation of Ripple’s XRP Escrow

To provide additional predictability to the XRP supply, Ripple has locked 55 billion XRP (55% of the total possible supply) into a series of escrows. These escrows are on the ledger itself and the ledger mechanics, enforced by consensus, control the release of the XRP. The escrow consists of...

From: David Schwartz

December 15, 2017

rippled Version 0.80.2

Ripple has released rippled version 0.80.2, which improves the transaction dispatch logic of rippled, allows for more transactions to be in flight at any one time and reduces the overall resource usage of rippled. The improved transaction dispatch logic ensures that a transaction is dispatched...

From: Rome Reginelli

Top Korean Banks Work with Japan Bank Consortium to Modernize Cross-border Payments

The ability to send money globally in real time has caught fire in the international financial industry. Large banking groups, such as the Japan Bank Consortium, are leading the charge. The Japan Bank Consortium — a coalition of 61 banks in Japan, organized by SBI Ripple Asia — has...

From: Team Ripple

Ask Me Anything with Brad

Watch this live Q&A with Ripple CEO Brad Garlinghouse where he’ll answer questions from the Ripple community. We’ll have a recording for those who missed it. The post Ask Me Anything with Brad appeared first on Ripple.

From: Team Ripple

December 11, 2017

How XRP Stacks Up Against Other Digital Assets

Everyone is talking about the digital asset space. Wild price fluctuations, new XRP capital funds and Bitcoin (BTC) forks have made it virtually impossible for consumers or the financial industry to ignore the popularity and proliferation of these assets. In fact, the digital asset landscape has...

From: Team Ripple

December 08, 2017

Ripple Escrows 55 Billion XRP for Supply Predictability

Image: Shutterstock Earlier this year, we committed to placing 55 billion XRP in a cryptographically-secured escrow account to create certainty of XRP supply at any given time. As promised, today we completed the lockup. By securing the lion’s share of XRP in escrow, people can now...

From: Team Ripple

December 07, 2017

Internet of Value Depends on Interoperability, Not Blockchain Alone

An important and highly relevant question has emerged in the financial industry: How does blockchain technology help institutions easily connect to the increasingly diverse types of payment networks? In our view, the ideal global payments network works just like the internet does — by using a...

From: Team Ripple

December 06, 2017

Japan Bank Consortium Moves to Become Production-ready

The revolution to drive the Internet of Value is gaining more momentum as Japan Bank Consortium (JBC) — a collection of 61 Japan-based bank members brought together by SBI Holdings and SBI Ripple Asia — announced that it’s made progress to become production-ready on RippleNet. Soon,...

From: Team Ripple

November 29, 2017

The Fundamental Value of XRP

Much of the public discussion about digital assets today revolves around price. Companies hope for a pop on an initial offering to raise funds, investors seek to ride an asset for a long-term payday, or consumers try to time market moves for a quick buck. But while this emphasis on price may be...

From: Team Ripple

November 28, 2017

TechCrunch Founder Michael Arrington Launches $100M Crypto Fund with XRP

Michael Arrington, the founder and former editor-in-chief of TechCrunch, announced the launch of his new XRP capital fund on stage at Consensus Invest today. The fund, titled Arrington XRP Capital is one of the world’s largest crypto hedge funds and is entirely denominated in XRP....

From: Team Ripple

November 22, 2017

Ripple-powered Instant Payment Services Now Live with Axis Bank, RAKBANK, and Standard Chartered

In today’s increasingly globalized world — where international supply chains as well as the number of overseas workers are growing — it’s imperative to have fast, transparent cross-border payments. To meet this increasing demand for real-time payment services, Axis Bank (based in...

From: Team Ripple

November 21, 2017

Ripple Welcomes New Board Member Benjamin Lawsky

In addition to adding a new CFO, Ripple is proud to announce the appointment our newest board member, Benjamin Lawsky. Lawsky, the former superintendent of financial services for the state of New York, has more than two decades of experience in both federal and state government. He’s also a...

From: Team Ripple

Ripple Welcomes New Chief Financial Officer Ron Will

Ripple has had an incredible year. From adding new RippleNet members, including American Express, to launching Swell — our first-ever conference — Ripple has showed no signs of slowing down. In order to help the company continue to grow, Ripple has appointed Ron Will as the new chief...

From: Team Ripple

November 16, 2017

American Express Joins RippleNet – Giving Visibility and Speed to Global Commercial Payments

The movement to modernize the global payment system is quickly gaining momentum as another major global financial services company joins RippleNet. American Express is the latest company to become a member of RippleNet, joining the ranks of Credit Agricole, Airwallex, Cuallix, and...

From: Team Ripple

November 13, 2017

Ripple Hosts World’s Central Banks to Explore Next Generation of Payments

Image: Shutterstock Ripple recently gathered over two dozen central banks from around the world to explore how new technologies enable the next generation of payments. The Central Bank Summit on Blockchain, hosted at Carnegie Hall in New York City, gathered central banks’ senior leadership,...

From: Team Ripple

December 28, 2017 19:50

Best Ripple Tweets of 2017

Watch the Ripple team read some of the more entertaining tweets from our community.


December 21, 2017 21:14

Ask Me Anything with David

Ripple is hosting a live Q&A with our Chief Cryptographer, David Schwartz


December 20, 2017 19:57

Ripple Jingle

Ripple puts their spin on a holiday favorite.


December 15, 2017 01:35

Ask Me Anything with Brad

Ripple is hosting a live Q&A with our CEO, Brad Garlinghouse


October 19, 2017 13:46

Swell by Ripple - Recap

Swell by Ripple provides a forum to leaders in banking and blockchain. In this unique event, attendees can learn how blockchain technology can help financial institutions send cross-border payments real time.


October 18, 2017 18:52

The Blockchain Revolution: State of the World Address

Don Tapscott gave the closing keynote at Sibos 2008, two days after Lehman Brothers fell, and identified a number of deep problems with the financial system. Nine years later, he'll deliver the closing keynote at Swell, laying out a set a solutions to transform this industry for the 21st century.


October 18, 2017 17:06

Swell by Ripple - Day Two Highlights

Day two of Swell has wrapped! Take a look at all of the events from the second day of Ripple's program.


October 18, 2017 17:04

Brad Answers Questions

In this Q&A, Ripple CEO Brad Garlinghouse answers questions from our Twitter followers about Swell, XRP and the latest developments out of Ripple.


October 17, 2017 22:21

Future of Blockchain

Luminaries in blockchain address the elephant in the room: which blockchain technology will reign supreme? We bring the big guns to the stage for a live debate on the future of bitcoin and blockchain.


October 17, 2017 21:22

First Movers Tell All

This series of flash talks spotlight first-mover banks who discuss specific use cases, how they built a business case and key results from using Ripple.