XRP

XRP

Ripple
$0.286460
-5.46%
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
100,000,000,00040,926,963,3052011-04-18-Proof of Correctness1
xrpscan.com
2
bithomp.com
3
xrpcharts.ripple.com
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
99,991,850,794-https://github.com/ripple/ripphttps://ripple.com/COIN

Ripple also called XRP coin is traded throughout many different cryptocurrency exchanges and is one of the top traded coins now. The Ripple network is an open payment network for digital currency as well as a holding company, Ripple aims to create and enable a global network of financial institutions and banks to use Ripple software to lower cost of international payments, Ripple calls this global network the "Internet of Value" and operates on the XRP ledger which is an open source product created by Ripple. Ripple allows a secure and cheap way to move money around in a very fast and cheap way for business and for people. Ripple was initially launched in 2012 and is already a revenue producing company with over 100 financial situations and banks on its blockchain network including JP Morgan and Bank of America, in order to understand how Ripple functions it is useful to know about RTGS and arts exp for example when you send money via Bitcoin the value is settled in the real time that's what we mean by real time gross settlement system or RTGS Ripple uses what it calls gateways which is best described as something that is similar to global ledger made up of something similar to private blockchain this is essentially a digital portal that government companies and financial institutions use to join the Ripple Network Ripple is represented by the ticker XRP and has a total supply of 100 billion, Ripple is not centralized and if for any reason the company "Ripple" were to disappear, then XRP would continue function. It is important to note that the Ripple Network also functions as a currency exchange between all types of fiat currency, XRP is a digital coin that is built for providing the source of liquidity to payment providers market makers and banks while Ripple system makes sense for large corporations and is set to revolutionize how money moves around the world in a large scale Ripple has shown that it can handle tremendous amount of transactions per second when compared to other cryptocurrencies on the market at the moment.

  • The Latest Rating
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CoinCheckup
4.0

Ripple - Analysis & Research report - CoinCheckup.com

2018-11-14
Algo. score rating 4.1/5 (#31) 100% Open channels 71% Team Strength 84% Product Strength 83% Coin strength 60% Business strength 100% Brand awareness See attached PDF Analysis & Research report for more details.
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Picolo
5.0

Rating: Buy | XRP (XRP) | Target Price $1.75

2018-10-31
Ripple making a splash for stronger growth and further upside value amidst Q3 sales results Picolo Research presents a ‘Buy’ rating on XRP with a target price of $1.75, which represents a 289% upside potential. Our analysts believe that XRP is prime to disrupt a $5 trillion daily settlement market, creating waves to the decades-old banking system. XRP will continue to display its dominance in the crypto markets by holding one of the top 3 spots, at the same time exerting influence in the global financial industry.
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Rency
3.5

Ripple - Blockchain Payment Protocol

2018-10-25
The Ripple ledger, and enterprise products of Ripple, is built as a peer-to-peer blockchain financial rails protocol. It is designed primarily for use by corporate-level organizations within the financial sector, such as banks and payment providers. Originally named Opencoin, the goal of this project is to help make cross-border transactions easier and at lower costs by removing intermediaries that exist in the current system. The current international financial and transfer system is beset with inefficiencies, and incumbents make billions in transaction fees. Ripple attempts to solve this problem by using what are called “gateways”, a global ledger comprised of smaller networks. Companies, institutions, and governments are all able to access the Ripple network, and transfer tokenized assets over the network. With a ledger closing time of 2-5 seconds, and throughput of over 1,000 transactions per second, Ripple's ledger is one of the fastest in the industry. XRP, the nativide digital asset of the ledger, functions as the liquid vehicle to make these exchanges as seamless as possible.