XRP Price Live Data
The live XRP price today is $0.419556 USD with a 24-hour trading volume of $1,455,782,625 USD. We update our XRP to USD price in real-time. XRP is up 5.31% in the last 24 hours. The current phunutiepthi.vn ranking is #6, with a live market cap of $20,282,629,951 USD. It has a circulating supply of 48,343,101,197 XRP coins and a max. supply of 100,000,000,000 XRP coins.
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If you would like to know where to buy XRP at the current rate, the top cryptocurrency exchanges for trading in XRP stock are currently Binance, OKX, Bybit, FTX, and MEXC. You can find others listed on our crypto exchanges page.
What Is XRP / XRP Ledger?
Launched in 2021, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.
Who Are the Founders of the XRP Ledger?
In 2012, David Schwartz, Jed McCaleb and Arthur Britto launched the XRP Ledger with its native currency XRP as a faster, more energy-efficient alternative to the Bitcoin blockchain. In September that year, along with Chris Larsen, they founded the company that is today known as Ripple.
What Makes XRPL Unique?
Alongside its native coin, XRP, the XRP Ledger is used by developers to create solutions that solve inefficiencies, including remittance and asset tokenization. Currently, the five main applications of the XRP Ledger are payments, tokenization, DeFi, CBDCs and stablecoins.
How Many XRP Coins Are There in Circulation?
The XRP Ledger architects gifted 80 billion XRP to Ripple so that the company could build use cases — including its global payments network, RippleNet — around the digital asset.
How Is the XRP Ledger Network Secured?
Unlike Bitcoin or Ethereum, the XRPL uses a unique Federated Consensus mechanism as its method of validating transactions. Transactions are confirmed on the XRPL through a consensus protocol, in which designated independent servers called validators come to an agreement on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed right away. All transactions are public and transparent, and anyone can operate a validator. There are currently over 150 validators on the ledger, operated by universities, exchanges, businesses, and individuals around the world.
Through the Federated Consensus mechanism, all verified transactions can be processed without a single point of failure as no single participant makes a decision independently.
Where Can You Buy XRP?
XRP is listed on many CeFi exchanges globally, including Binance, Huobi, FTX and Bitstamp.