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Ripple (XRP)
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Daily Volume 96 905,97 Hour trend 0.25 Daily Trend 0.43 Week Trend -6.24
Ripple Summary information
Ticker Coin Name Price, $ Coin Turnover 24H Market Cap, Available supply Total supply
XRP Ripple 0.4730160604 ~1 129 308 563,21 19 049 184 034,00 40,271,748,947 (40.28%) 99,991,787,268

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
October 04, 2018

Swell 2018: Wrapping up a Historic Year for Ripple

The second annual Swell by Ripple customer conference has officially come to a close. Over the course of two days the world’s leading experts in policy, payments and technology converged in San Francisco for 14 dynamic sessions, featuring 32 speakers, on the future of payments. The event...

From: Team Ripple

October 03, 2018

TransferGo on Solving for Real-Time Cross-Border Settlement at Swell 2018

CEO of TransferGo Daumantas Dvilinskas took center stage on day two of Swell 2018. Not only did he share in detail how TransferGo is delivering on its promise of making global real-time settlement a reality, he also announced a new, free global payments service for customers anywhere in the...

From: Team Ripple

October 02, 2018

Swell 2018: Report Finds Tipping Point for Mass Adoption of Blockchain Is Near

Ripple unveiled the findings of its first Blockchain in Payments Report in the keynote session on day two of Swell 2018. The report revealed the adoption of blockchain-based global payments is reaching critical mass this year, and organizations worldwide are already looking to incorporate...

From: Team Ripple

Global Regulatory Policies Took Center Stage On Day One of Swell 2018

The future of blockchain technology and global regulation of digital assets took center stage on the the first day of Swell 2018. Honorable Sunil Sabharwal, former alternate executive director of the International Monetary Fund (IMF), offered thoughts on the opportunities for broader global...

From: Team Ripple

Swell 2018: How Banco Santander Launched a Payment App for Millions

Banco Santander has long been on the frontlines of blockchain adoption for global payments. In April of this year, the bank launched One Pay FX, the world’s first mobile application for cross-border payments powered by RippleNet. The bank’s Head of Innovation Ed Metzger began his session at...

From: Team Ripple

CEO Brad Garlinghouse Talks Internet of Value and Customer Traction at Swell 2018

CEO Brad Garlinghouse kicked off Swell 2018 by introducing Ripple’s mission — the Internet of Value — to enable the the world to move value like information moves today. This has been Ripple’s mission from the very beginning, and it’s centered around working with the existing global...

From: Reinhard Cate

October 01, 2018

Ripple Highlights Record Year, xRapid Now Commercially Available

In 2018, RippleNet has dramatically expanded its reach and network. This year we’ve seen massive customer growth quarter over quarter, signing an average of two production customers per week. RippleNet has also become a truly global network, powering faster, cheaper and more transparent...

From: Team Ripple

September 30, 2018

Swell 2018 Kicks Off Tomorrow

The world’s leading experts on policy, payments and technology are already converging in San Francisco for Swell by Ripple. In less 24 hours, the event kicks off with President Bill Clinton’s keynote and opening remarks from CEO Brad Garlinghouse. Following these visionaries on stage are...

From: Team Ripple

September 28, 2018

Siam Commercial Bank Pioneers RippleNet’s “Multi-hop” Feature

The inefficient management of global liquidity has long been a hurdle for cross-border payments in all regions across the world. However, this problem is particularly prominent in the Association of South Eastern Asian Nations (ASEAN) region, which has been largely underserved by correspondent...

From: Team Ripple

September 27, 2018

Ripple for Good Supports Education and Financial Inclusion with $100 Million Commitment

Today, we’re thrilled to announce Ripple for Good, a corporate social impact program that will support mission-driven organizations and initiatives with the potential to expand financial inclusion worldwide. The program will also focus on STEM, FinTech education and financial literacy as key...

From: Ken Weber

September 24, 2018

The Ripple Drop – Episode 5

Welcome to episode five of The Ripple Drop, a web video series covering the latest news about the company’s customers, technology, products and culture. On our first segment, SVP of Marketing Monica Long explains the significance of Swell 2018 for Ripple’s customers and what makes it such a...

From: Reinhard Cate

September 21, 2018

Realizing the Internet of Value Through RippleNet

People and businesses increasingly expect everything in their lives to move at the speed of the web. Conditioned by smartphone and apps where nearly anything is attainable at the press of a button, these customers are often left wanting when it comes to their experiences with money and...

From: Reinhard Cate

September 19, 2018

PNC Bank Embraces Blockchain and Joins RippleNet

PNC Bank, a top ten bank in the United States, has joined RippleNet. PNC customers will be able to receive real-time cross-border payments. With more than 8 million customers and retail branches in 19 states, PNC has a diverse set of customers, including consumers, small businesses and large...

From: Team Ripple

RippleNet Now Reaches 40 Countries Improving Remittances and SME Payments

An over 400 percent increase in remittance inflows over the last ten years has sparked new demand for faster, low-cost global payments. Driven by emerging market economies, remittances around the world totalled over 600 billion dollars last year. Across these same regions small- and...

From: Team Ripple

September 18, 2018

Introducing XRP Ledger (rippled) version 1.1.0

Ripple is pleased to announce the release of XRP Ledger (rippled) version 1.1.0. The XRP Ledger version 1.1.0 release includes the DepositPreAuth Amendment, which, combined with the previously released DepositAuth Amendment, allows users to pre-authorize incoming transactions to accounts, by...

From: Rome Reginelli

September 14, 2018

National Commercial Bank of Saudi Arabia Joins RippleNet

For the last ten years the Kingdom of Saudi Arabia has been one of the largest sources of remittances in the world. According to the World Bank, 308 million dollars were sent into the KSA, and 37 billion dollars in remittances were sent from the country in 2016. This massive market is primarily...

From: Team Ripple

September 12, 2018

The Power of Instant Remittances: RippleNet in Japan

Since the dawn of time, humans have followed opportunity to provide for their families. Today, that means workers striking out from their home countries to find higher paying jobs elsewhere in the world. In 2017, a record 1.28 million foreigners were working in Japan alone. Many of these...

From: Team Ripple

September 10, 2018

ripple-lib version 1.0.0

We are pleased to announce the release of ripple-lib version 1.0.0! ripple-lib is a high-level JavaScript interface to the XRP Ledger. This version features a range of changes and improvements that make the library more capable and flexible. It includes new methods for accessing rippled APIs,...

From: Rome Reginelli

September 07, 2018

President Bill Clinton and Counting Crows Headline Swell 2018

Swell by Ripple is the only event today where blockchain, finance and policy converge — a meeting ground for more than five hundred industry experts committed to changing the way money moves around the world. Swell’s provocative program kicks off on day one with a keynote by President Bill...

From: Team Ripple

August 30, 2018

RippleNet Offers SMEs a Competitive Advantage in Global Payments

While global business may move at the speed of the web, international payments instead seem to move like smoke signals. This is because the world’s payments infrastructure hasn’t changed since the heady days of disco, nearly four decades ago. Especially for teams at small and medium...

From: Team Ripple

August 22, 2018

The Inherently Decentralized Nature of XRP Ledger

The topic of decentralization in blockchain is wildly nuanced, misunderstood and, frankly, evolving. Bitcoin and Ethereum are currently viewed as the gold standard for decentralization — meaning they are architected in a way that no single individual or minority group can dictate rules or...

From: David Schwartz

August 21, 2018

The Ripple Drop – Episode 4

 Welcome to episode four of The Ripple Drop, a web video series covering the latest news about the company’s customers, technology, products and culture. On our first segment this week, Ripple’s Chief Market Strategist Cory Johnson shares the most significant finding in the Q2 XRP...

From: Reinhard Cate

August 16, 2018

xRapid Brings on Three New Exchange Partners

xRapid, Ripple’s cross border payments product that minimizes liquidity costs, is powered by the superior speed, low transaction cost and scalability of the digital asset XRP. But for xRapid to be most successful, there needs to be a healthy ecosystem of digital asset exchange partners around...

From: Team Ripple

August 07, 2018

The Ripple Drop – Episode 3

Welcome back for episode three of The Ripple Drop, a video series covering the latest news about our customers, technology, products and company culture. Our first segment offers a deeper look at the Swell 2018 program, our invite-only customer conference connecting the world’s leading...

From: Reinhard Cate

July 31, 2018

President Bill Clinton Keynotes Swell 2018

Today, we’re thrilled to announce 42nd President of the United States Bill Clinton as the keynote speaker for Swell – where the world’s leaders in policy, payments and technology connect. At a time when groundbreaking technology and regulation were often on a collision course, President...

From: Team Ripple

July 30, 2018

Ripple and Raising Malawi Launch Campaign to Sponsor Children in Need

In emerging markets, it’s the people — many times children — who have the cards stacked against them, whether it’s being left behind by the current financial, education or healthcare systems. That’s why, today, we’re excited to kickstart a month-long campaign in partnership with...

From: Team Ripple

July 26, 2018

Ripple’s List of Summer Must Reads

Since we published our last reading list two years ago, the blockchain industry has grown dramatically and with it, the list of books, articles, newsletters and other valuable resources to learn about the space. In this time, the industry has also grown and become more mainstream with dozens of...

From: Team Ripple

July 24, 2018

Q2 2018 XRP Markets Report

By Cory Johnson & Miguel Vias Ripple sells $75.53 million in XRP amidst low volatility in Q2 2018 $75.53 million XRP sold Ripple sales volume accounted for 0.125 percent of global XRP volume Three billion XRP released out of cryptographic escrow, 2.7 billion XRP returned to...

From: Miguel Vias

July 16, 2018

The Ripple Drop – Episode 2

Welcome back for the second episode of The Ripple Drop, a web video series covering the latest news about the company’s customers, technology, products and culture. On the first segment this week, we’re talking Kahina Van Dyke, Ripple’s new SVP of business and corporate development, about...

From: Reinhard Cate

July 13, 2018

Ask Me Anything with David Schwartz and Asheesh Birla

Watch this live recording of Ripple’s new CTO David Schwartz being interviewed by SVP of Product Asheesh Birla. The interview will cover David’s new role and include questions sourced directly from the community. The post Ask Me Anything with David Schwartz and Asheesh Birla...

From: Team Ripple

July 11, 2018

Ripple Welcomes Kahina Van Dyke as Senior Vice President in Business and Corporate Development

  Ripple is thrilled to have Kahina Van Dyke join our leadership team as the new senior vice president of business and corporate development. With more than 20 years of experience in banking and technology, Van Dyke will focus on driving new, strategic partnerships for Ripple across the...

From: Team Ripple

Two Big Changes to Our Leadership Team

As Ripple grows and evolves, so does our leadership team. That’s why today we are excited to announce two big changes. David Schwartz, who previously served as Ripple’s chief cryptographer, has been appointed to chief technology officer (CTO). Separately, Kahina Van Dyke has joined Ripple...

From: Team Ripple

July 09, 2018

The Difference Between Ripple and XRP

To help clarify how Ripple, the technology company, and XRP, the independent digital asset, are distinctly different, we’ve outlined in a simple infographic the most frequently asked questions related to the two: What is it? How is one related to each other? Who controls whether it succeeds...

From: Team Ripple

July 02, 2018

Introducing The Ripple Drop

Meet The Ripple Drop, a new web video series from inside Ripple. It will run every first and third Monday of the month and cover the latest news about Ripple’s customers, technology, products and culture. In each episode we’ll talk to some familiar faces at the company to give you the...

From: Reinhard Cate

June 27, 2018

Ripple Improves Access to India with Kotak Mahindra Bank

Growth in the banking sector has skyrocketed: 80% of adults have a bank account in India, a figure that has more than doubled since 2011. India has also been the largest receiver of remittances over the last several years, with some $69 billion flowing into the country in 2017. The data is...

From: Team Ripple

June 23, 2018

Banks Turn Remittance Obstacles into Opportunities with Ripple

Over the last ten years, changes wrought from the 2008 financial crisis along with a marked increase in fraud and terrorism funding concerns, have consolidated the world’s system of correspondent banking. Despite positive macro-economic trends and an increasingly interconnected commerce...

From: Team Ripple

June 20, 2018

fix1571 is Now Available

As previously announced, the fix1571 amendment became enabled on the XRP Ledger on 2018-06-19. Furthermore, the fix1623 amendment is expected to become enabled on 2018-06-20, followed by the fix1543 amendment on 2018-06-21. Action Required If you operate a rippled server, you should upgrade to...

From: Rome Reginelli

June 15, 2018

rippled Version 1.0.1

Ripple has released rippled version 1.0.1, which includes fixes for issues identified by Ripple engineers and reported by external security researchers. These issues, when exploited, could cause a rippled instance to restart or, in some circumstances, stop executing. While these issues can...

From: Rome Reginelli

June 14, 2018

Democratizing Global Payments: xRapid’s Cost Savings and Benefits

At Ripple, we want to see digital assets used in a way that goes beyond making payments faster for businesses. We want to see the technology used to create a positive change in the world. The Ripple mission of establishing an Internet of Value depends on the reaching two critical thresholds....

From: Team Ripple

June 13, 2018

Why Open Protocols Are the First Step in the Distributed Ledger Movement

In the 90’s, the Internet protocol (IP) caught on quickly. This standardized communications protocol along with a suite of others, such as HTTP and SMTP, allowed the Internet to interoperate and connect — making it possible, for example, for you to quickly send things like emails across...

From: David Schwartz

June 08, 2018

fix1543, fix1571 & fix1623 Amendments Open for Voting

Previously introduced in rippled version 1.0.0, the fix1543, fix1571 and fix1623 amendments are now open for voting. The fix1543 amendment enforces reserved flag ranges on escrow, payment channel, and ticket transactions. The fix1571 amendment changes the EscrowCreate transaction to require the...

From: Rome Reginelli

June 07, 2018

American Express and Ripple at Money20/20 Europe: Changing the Cross-Border Payments Experience for SMEs

Small- to medium-sized enterprises (SMEs) make up the backbone of both dominant and emerging economies today. Yet they are the ones who are most impacted by inefficiencies in cross-border payments system — especially in the context of growing global e-commerce. To compete, SMEs need to be...

From: Team Ripple

June 05, 2018

Ripple CEO at Money20/20 Europe: Blockchain Hype Outpaces Reality

On day one of Money20/20 Europe, leaders from the world’s biggest banks to newly minted FinTech startups focused on two themes – innovation and partnership – with much of the conversation centering on the increasingly important role of blockchain technology across the industry. Ripple CEO...

From: Team Ripple

June 04, 2018

Ripple Introduces the University Blockchain Research Initiative

Interest in blockchain is soaring, with a groundswell of activity taking place on the campuses of the world’s top universities. From new business use cases — such as making cross-border payments faster, lower cost and more transparent — to uses of blockchain for good, students and faculty...

From: Team Ripple

May 31, 2018

Live Transaction: Santander’s One Pay FX

Santander recently released One Pay FX — the first mobile application for international payments powered by blockchain technology. Millions of Santander’s customers in Europe now have access to same day, cross-border payments, a critical improvement from the three to five days it...

From: Team Ripple

rippled version 1.0.0

Today, after almost 6 years of hard work, Ripple is very pleased to announce the release of rippled version 1.0.0. The rippled v1.0.0 release includes incremental improvements to several previously released features. v1.0.0 also symbolizes the growing maturity of the software and the increased...

From: Ryan Young

May 24, 2018

Schwartz Rides Again: Tour de Schwartz EU

David Schwartz — Ripple’s Chief Cryptographer and one of the original architects of the XRP Ledger — is hitting the road again. This time he’s headed to Europe. From late May through early June, David will be stopping in multiple countries across the continent to attend meetups, give...

From: Reinhard Cate

May 22, 2018

Transaction Banking: Good Enough Is Not Enough

The words “innovation” and “disruption” have been almost synonymous with discussion of new technology in the payments industry over the last year. Yet, at recent banking events — including the annual BAFT Conference this month — the commentary about this progress has not been one...

From: Jinal Surti

May 15, 2018

Growing Support for an XRP Symbol

Over the past month, we’ve watched and listened as a grassroots movement to create an XRP symbol has taken shape within the XRP community. In tweets, forums and blogs, members underscored that Ripple is just one entity using XRP to solve real business problems around the world, and in this...

From: Team Ripple

May 14, 2018

Mitsubishi Corporation, Krungsri and Standard Chartered Pilot Payments from Thailand to Singapore on RippleNet

Mitsubishi Corporation, Standard Chartered and Bank of Ayudhya (Krungsri) — a Thailand subsidiary of MUFG Bank — jointly announced a pilot test for payments between Singapore and Thailand with xCurrent. With production volume growing on RippleNet at an exponential rate, this pilot is...

From: Team Ripple

November 07, 2018 23:44

RippleNet and xRapid

SVP of Product Asheesh Birla explains how a cross-border payment leveraging xRapid and XRP works on RippleNet.


October 04, 2018 05:14

Swell 2018: Event Recap and Highlights


October 03, 2018 19:59

Swell 2018: Futurists in Blockchain and Payments

These leaders built a career on taking giant leaps forward to implement innovative technologies in their organizations. They share an inside view into what they are thinking about next. Led by Ripple's Kahina Van Dyke and featuring Amy Radin, Tokunboh Ishmael and Ben Braybn.


October 03, 2018 19:41

Swell 2018: The 800 Pound Gorilla in the Room - Digital Asset Adoption

In this session, experts answer the big questions around adoption of digital assets within the financial services industry. The panel features Kanchan Kumar, Kwon Park, Alfredo O'Hagan, Nicholas Palacios and Brad Ganey.


October 03, 2018 19:03

Swell 2018: The Future of Commerce

Robert Hackett of Fortune interviews long-time Silicon Valley executive RJ Pittman, who led commerce and product teams at eBay, Apple and Google, about the intersection of global commerce and payments trends, and his forecast for where it'll go next.


October 03, 2018 18:48

Swell 2018: How We're Solving the Cross-Settlement Network Problem Globally

TransferGo's Daumantas Dvilinskas shares how they are making the promise of global real-time settlement a reality.


October 03, 2018 18:38

Swell 2018: How We Improved Retail Remittances

Siam Commercial Bank's Colin Dinn discusses how they improved consumer remittance services for migrant workers in Japan sending money home to Thailand and what they are planning for next.


October 03, 2018 18:23

Swell 2018: Survey Says...

Cory Johnson and Alenka Grealish give an inside look at proprietary research into payments trends and the adoption of blockchain and digital assets within financial services.


October 03, 2018 18:12

Swell 2018: How Payments Improved our Customer Experience

BeeTech's Fernando Pavani and InstaReM's Prajit Nanu talk about their experience making payments live between Brazil and Europe - faster and cheaper than the competition.


October 03, 2018 18:03

Swell 2018: Crypto Regulation Around the World

These policy makers and experts share their frameworks and perspectives on regulating digital assets across the globe. Featuring: Ben Lawsky, Richard Teng, Michael S. Didiuk, Archari Suppiroj and Ross Leckow.