About Ripple

Ripple (XPR) is a worldwide real-time payment network (RippleNet) accessible to everyone for anything of value. It is a distributed network, transactions take place directly, peer-to-peer, on the network. This makes the network resistant to systemic risks.

Transaction on the Ripple network is stored on the decentralized XPR Ledger. The XPR network owes its value to the speed that it can handle transactions, 1500 / min. The ultimate goal of this open-end platform is therefore to allow free circulation of money on a global “exchange”.

XRP offers the possibility to exchange eg € in other fiat money or in cryptocurrency through the use of the “scout algorithm” to find the best matching counterparty.Due to the efficiency and speed of the RippleNet, the interest of the financial institutions is very high and they make active use of it. They see here the possibility to reduce the costs of international transactions and to improve the speed while maintaining control and overview. The number of XPR is limited to 100 billion.

To prevent DoS attacks (aka spams) that would inevitably occur on RippleNet, a small fee of 0.00001 XRP is linked to every transaction that takes place on the network. This fee is small enough, so it has no significant impact on the transaction costs, but large enough to stop bad actors from spamming the network, which are then destroyed.

Ripple was conceived by Jed McCaleb and developed under the guidance of David Schwartz.

Geo Heatmap

Visualisation Ripple against world fiat currencies.

Technical information

Start Date 02 February 2013 Whitepaper Whitepaper
Hashing Algorithm Hash Blockchain / Supply https://ripple.com/graph
Hash Rate N/A Discussion Forum https://www.xrpchat.com
Block Time N/A Availability 39,2 Billion
Homepage https://ripple.com/ Total Supply 100 Billion

Google trends Ripple

Actual coin data

Price history

Trades (Live)

54FansLike
53FollowersFollow
144FollowersFollow
bitcoin 10k

Bitcoin Price Hits New 2019 High Inching Closer to $10,000 ‘FOMO’

Bitcoin (BTC) set a new 2019 high on June 21, hitting $9,800 and firmly beating daily returns of almost all major cryptocurrencies. Market ...
Facebook Libra

U.S. Congresswoman Wants Zuckerberg to put Libra on Hold

Facebook’s long-awaited cryptocurrency was made official yesterday, with the social media giant publishing Libra’s whitepaper, ending months of ...
Samsung stock

Electronics Giant Samsung Prioritizes Blockchain in 10-Year Roadmap

Samsung Electronics vice chairman Jay Y. Lee has revealed a marked focus in future technologies – part of its 10-year strategy – with a focus on ...
Moneygram Ripple

Ripple Effect: MoneyGram Stock Continues to Soar, When Will XRP Price Follow?

It wasn’t just Facebook making one of the biggest announcements and steps towards mainstream adoption in the crypto space this ...
NEO/EOS Swap

3 Reasons to be Excited About Switcheo Enabling NEO/EOS Swaps

In the cryptocurrency world, decentralization is finally starting to take center stage again. Albeit long overdue, it seems some projects are finally ...
Roll Youtube

Roll Wants to Take Power From YouTube With Cryptos for Content Creators

Social currency startup Roll has raised a $1.7 million seed round to help content creators monetize relationships with their fans. “From our ...
Facebook bitcoin

Will Facebook’s Libra Be an On-Ramp or Dead End for Crypto?

Facebook’s announcement that it would create a stablecoin on a blockchain means more as a competitive answer to WeChat and Alipay’s payment services than ...
Brazil bitcoin regulation

Brazil Requires Crypto Exchanges to Report on User Transactions to Authorities

The Department of Federal Revenue of Brazil (RFB) has released new rules requiring that cryptocurrency exchanges inform the regulator about users' ...