Crypto Coin Overview
Ripple (XRP)
N/A (N/A)
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Name Starts
Optimal Shelf Availability Token (OSA) 2 days
Daily Volume 49 791,18 Hour trend -1.1 Daily Trend -5.34 Week Trend 7.52
Ripple Summary information
Ticker Coin Name Price, $ Coin Turnover 24H Market Cap, Available supply Total supply
XRP Ripple 0.480852 ~759 127 548,60 18 879 425 067,00 39,262,444,717 (39.27%) 99,991,916,481

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
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

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

Welcome to Xpring

In the world of blockchain and digital assets, there are hundreds, if not thousands, of interesting entrepreneurs flowing into the space. At Ripple, we want to act as a proverbial spring for the most serious ones — making sure they have the key essentials to grow their businesses and...

From: Team Ripple

May 10, 2018

First Pilot Results for xRapid

We can stream live video from the space station in orbit, but sending a payment to a different country still takes days to settle. Despite the development of the Internet and huge advances in the movement of information, sending money around the world is a slow and often frustrating...

From: Asheesh Birla

May 09, 2018

Korea’s Coinone Transfer Joins RippleNet

Coinone Transfer — a payments business and a subsidiary of Coinone — has joined RippleNet to use xCurrent, Ripple’s leading blockchain solution for cross-border payments and settlement. Coinone, one of Korea’s largest digital asset exchanges, will be the first exchange in the country to...

From: Team Ripple

May 03, 2018

An Evolving Regulatory Dialogue: Protect Consumers, Enable Innovation

In the last year, interest in digital assets went mainstream and new promising use cases emerged. Appropriately, it spurred a global conversation on the type of regulations needed to ensure markets and consumers remain safe. This rose to the highest levels, including the G20 and Financial...

From: Ryan Zagone

April 26, 2018

xVia Opens New Doors in Emerging Markets

Emerging markets have revealed a new and critical challenge for global payments. Instead of relying on traditional banking systems, consumers in these regions use a variety of platforms to make payments, access banking services and take part in commerce within and outside of their countries. In...

From: Asheesh Birla

April 25, 2018

Ask Me Anything with Brad and Cory

The post Ask Me Anything with Brad and Cory appeared first on Ripple.

From: Team Ripple

Q1 2018 XRP Markets Report

To continue to provide transparency to the XRP ecosystem globally, we share regular updates on the state of the market, including quarterly sales, relevant XRP-related announcements and commentary on previous quarter market developments. Quarterly Sales In Q1 2018, market participants purchased...

From: Miguel Vias

April 24, 2018

XRP Community Comes Together for Blockchain Week

At Ripple, we’ve always pledged our commitment to helping build XRP liquidity and a healthy and trusted market. Without question, we are huge fans. XRP is uniquely set apart. Proven faster (seconds vs. minutes), more scalable (1,500 transactions per second) and less costly (fractions of a...

From: Team Ripple

April 20, 2018

A Vision for the Internet of Value

Science fiction films and television shows are packed with mouthwatering examples of futuristic technology. Warp speed travel on the USS Enterprise, Stormtroopers riding speeder bikes on the planet Endor, psychic crime prevention systems employed by PreCrime, and intelligent androids aboard the...

From: Team Ripple

April 12, 2018

Santander Launches First Mobile App for Global Payments Using Ripple’s xCurrent

Santander One Pay FX — the first Ripple-enabled mobile app for cross-border payments using xCurrent — is now available to Santander’s retail customers in the U.K. One Pay FX gives Santander’s customers the ability to make EUR and USD payments to Euro Zone countries and the U.S,...

From: Team Ripple

April 11, 2018

Ripple Invests $25 Million to Drive Innovation in Blockchain and Digital Assets

Ripple has invested $25 million in XRP to Blockchain Capital Parallel IV, LP — the first fund to accept capital calls in digital assets — and focus entirely on the development of the blockchain space. The $150 million fund managed by Blockchain Capital will invest in entrepreneurial teams...

From: Team Ripple

April 09, 2018

The DepositAuth and fix1513 Amendments are Now Available

The DepositAuth & fix1513 Amendments became available on the XRP Ledger in ledger sequence number 37,753,345 (2018-04-06T01:44:42Z). The DepositAuth Amendment lets an account strictly reject any incoming money from transactions sent by other accounts. The fix1513 Amendment fixes an issue...

From: Rome Reginelli

April 04, 2018

Schwartz and Thomas on ILP, XRP and Discovering Bitcoin on StumbleUpon

Tour de Schwartz is coming to a close this week in Asia. Highlights included: David Schwartz’s keynote at Deconomy in Seoul, where he addressed a packed house, and his participation in an exclusive, innovation-focused panel discussion hosted by the Founders Forum in Hong Kong. Yet, some of...

From: Reinhard Cate

March 29, 2018

XRP Ecosystem Grows with New Listing on Uphold

Uphold — the digital wallet with debit, credit and automated clearing house capability (ACH) —  now allows users to exchange XRP with 34 different currencies, commodities and digital assets. This listing highlights the expanding XRP ecosystem and deepening pool of liquidity available...

From: Team Ripple

March 28, 2018

Ripple and Its Executives Proud to Support America’s Public Schools with $29 Million XRP Donation to DonorsChoose.org

Every Rippler, from the executive team to our newest hires, started their careers in one place — the classroom. It’s in this pivotal setting that children’s dreams are forged and legacies begin. Take, for example, Ripple’s mission to establish an Internet of Value: a world where money...

From: Monica Long

March 23, 2018

Tour de Schwartz

The one and only David Schwartz — Ripple’s chief cryptographer and one of the original architects of the XRP consensus network — is currently on tour in Asia. He’ll be featured on panels, lead a workshop and attend meetups in the region. David is on the ground building connections with...

From: Reinhard Cate

rippled version 0.90.1

Ripple has released rippled version 0.90.1, which includes fixes for issues 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 result in a denial of service attack,...

From: Rome Reginelli

March 20, 2018

Liquidity Explained

The Financial Times defines liquidity within a transaction as how easy it is to perform an exchange in a particular security or instrument, or the ease of converting an instrument into cash for withdrawal. This takes into account the stability and price of each instrument over the course of a...

From: Team Ripple

March 14, 2018

Ripple CEO at Money20/20 Asia: A New Payments System for the Digital Age

It was standing room only inside the Money20/20 Asia fireside chat “A New Payments System for the Digital Age” — as Ripple CEO Brad Garlinghouse shared the stage with panel chair Faisal Khan — and outlined his vision for the future of Ripple, XRP and the Internet of Value. Seats filled...

From: Reinhard Cate

March 10, 2018

Introducing the Ripple and XRP Video Series

The establishment of an Internet of Value — where money can move like information —  will be the ultimate culmination of Ripple’s story. It’s a story we’re writing every day using blockchain powered solutions that changes how money moves around the world. Financial institutions are...

From: Team Ripple

March 09, 2018

Ripple Welcomes Cory Johnson as Chief Market Strategist

Ripple is pleased to announce that Cory Johnson has joined Ripple as chief market strategist. Johnson will work closely with the rest of the executive team managing the company’s growth and telling Ripple’s story to regulators, Wall Street and global financial markets. Few reporters have...

From: Reinhard Cate

March 08, 2018

Down with Disco (-era Money Movement Technologies)

“Instant payments are here! Instant payments are here!” Beyond a classic Steve Martin reference, the claim of instant payments is humorous in its own way. For while sending money via Venmo and other payment apps might seem instantaneous, it is anything but. Try transferring money from...

From: Reinhard Cate

March 07, 2018

Ripple Powered Mobile App to Provide On-Demand Domestic Payments in Japan

The Japan Bank Consortium will release a groundbreaking smartphone application called “MoneyTap”— powered by Ripple’s blockchain technology — to allow customers of the bank consortium to settle transactions instantly, 24 hours a day, seven days a week. “MoneyTap” is the first...

From: Team Ripple

March 03, 2018

Virtual Currency Regulation: Addressing Risk While Preserving Innovation

The Promise of Enterprise Use Cases Digital assets have been a promising technology breakthrough, showing the potential to transform many sectors of the global economy. Consumers initially adopted the technology as a currency. Yet, similar to other breakthroughs like the internet, the initial...

From: Ryan Zagone

March 01, 2018

Demystifying Digital Assets Part 4

Blockchain technology has already had incredibly beneficial impacts on everything from medical research to food supply-chain issues — but in the array of potential applications the world sees in the technology —  one of the most impactful could be in changing the way money moves around the...

From: Team Ripple

Cambridge to use XRP for Faster Global Payments

Cambridge Global Payments — a subsidiary of FLEETCOR Technologies and a leading global provider of commercial payment solutions — is launching a pilot program to use XRP in cross-border payment flows through xRapid. Cambridge currently has over 13,000 clients around the world and handles...

From: Team Ripple

February 26, 2018

Three Burning Blockchain Questions

Blockchain is everywhere these days. From CryptoKitties to the company formerly known as Long Island Iced Tea, blockchain has become one of the most talked-about technologies since the advent of the internet. Ultimately, it will move beyond talk and become a core functional technology powering...

From: Team Ripple

July 16, 2018 20:24

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.

This week we feature Kahina Van Dyke who talks about her journey to Ripple, Jinal Surti provides an update on the University Blockchain Research Initiative and Asheesh Birla tells us about his new newsletter.


July 13, 2018 23:59

Ask Me Anything With David Schwartz

Ripple SVP of Product Asheesh Birla interviews new CTO David Schwartz who also answers questions submitted by the community.


July 02, 2018 20:20

The Ripple Drop Episode One

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.

On this week’s episode, we focus on the importance of liquidity with Catherine Coley, head of XRP Institutional Liquidity.

Then, we sit down with Asheesh Birla, Ripple’s SVP of Product, to talk about the recent addition of Kotak Mahindra Bank to RippleNet and why xCurrent is a game changer for financial institutions in India and other emerging markets.

Last, we learn about a new job opening at Ripple headquarters in San Francisco -- a role that will support our University Blockchain Research Initiative -- from Jim Chauncey-Kelly, Ripple’s Head of Talent Acquisition.


May 31, 2018 21:31

One Pay FX and Ripple

Watch a transaction from start to finish on the Ripple powered Santander One Pay FX mobile app.


May 18, 2018 17:01

XRP Community Night: Highlights (2018)

Highlights from the first ever XRP Community Night in NYC on May 15, 2018.


May 18, 2018 17:01

XRP Community Night 2018 Recap and Highlights

Highlights from the first ever XRP Community Night in NYC on May 15, 2018.


April 27, 2018 18:58

Ripple Live: Ask Me Anything with Brad and Cory

Ripple CEO Brad Garlinghouse sits down with Chief Market Strategist Cory Johnson to discuss Ripple, XRP and more.


April 27, 2018 18:58

Ripple Live: Ask Me Anything with Brad Garlinghouse and Cory Johnson (2018)

Ripple CEO Brad Garlinghouse sits down with Chief Market Strategist Cory Johnson to discuss Ripple, XRP and more.


April 27, 2018 00:35

Ask Me Anything with Brad Garlinghouse and Cory Johnson

Ripple CEO Brad Garlinghouse sits down with Chief Market Strategist Cory Johnson to discuss Ripple, XRP and more.


April 04, 2018 19:54

David Schwartz and Stefan Thomas Fireside Chat at Slush Tokyo 2018

Ripple Chief Cryptographer David Schwartz and Chief Technology Officer Stefan Thomas shared the stage in a fireside chat at Slush Tokyo 2018 to discuss Bitcoin's proof-of-work versus XRP's consensus, Ripple's solutions for global payment friction, the Internet of Value and the future of the XRP ecosystem.

Video courtesy of Slush Tokyo.