About Ripple (XRP)
Ripple (XRP) is a decentralized payment network that was built to replace the traditional money transfer network, SWIFT. Ripple is a uniquely designed blockchain that works on a consensus model in which all nodes given access to the system must validate transactions on the network. This model ensures that payments on the network are subject to considerable security measures without compromised efficiency. Transactions on Ripple are typically completed within four to five seconds, much faster than some on other independent blockchain networks that use different protocols.
The Ripple network is powered by its native cryptocurrency, XRP; A fractional .00001 XRP is charged for every transaction processed on the underlying XRP Ledger (XRPL). Another interesting feature of XRP is that miners receive their validation fees from the aforementioned charge, as all XRP coins were placed into circulation when the network was first launched. This makes Ripple stand out in the cryptocurrency industry, and such factors can affect XRP price.
XRP Market Information
XRP Circulating Supply：50,799,084,881 XRP
XRP Max Supply：100,000,000,000 XRP
XRP Total Supply：99,989,130,718 XRP
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. Toobit does not take responsibility for any resulting direct or indirect losses.
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