XRP (Ripple)
Native digital asset of the XRP Ledger, facilitating fast cross-border payments via Ripple.
What is XRP?
XRP, pre-mined at 100 billion tokens in 2012, powers the XRP Ledger (XRPL) for 3-5 second settlements at $0.0002 fees, handling 1,500 TPS for remittances—$70 billion volume in 2024. Ripple holds 40 billion in escrow, releasing 1 billion monthly.
Unlike PoW, XRPL uses consensus among 150 validators (e.g., universities, exchanges), avoiding energy use while supporting DEX and AMMs for 5,000+ tokens. Post-2023 SEC win, XRP trades as non-security, boosting $170 billion market cap.
Used by 300+ institutions via RippleNet (e.g., Santander saves 40% on transfers), XRP’s fixed supply combats inflation, though volatility hit 300% in 2024.
Related Terms
Airdrop
A free distribution of tokens to numerous wallet addresses by blockchain projects to promote awareness, bootstrap liquidity, and reward early user engagement.
Information Aggregation
The process of collecting and combining dispersed information from multiple sources to produce a more accurate collective prediction.
Alpha
An advantage in digital asset trading gained through early or exclusive access to information, strategies, or opportunities not yet widely known by market participants.
Reputation System
A mechanism that rewards prediction market participants with non-financial incentives, like tokens, for accurate forecasts.
Weak Hands
Investors or traders who sell their digital assets quickly during market downturns or price declines, often at a loss, due to low patience or risk tolerance.
Solidity
A high-level programming language for writing smart contracts on Ethereum.