Ripple (XRP): Facts, Figures & Price

With the XRP Coin, Ripple is also considered a digital currency, but compared to other cryptocurrencies, it is not based on the blockchain. Ripple sees itself more as an open-source protocol for a payment network. The goal: to make international payments cheaper, faster and more efficient. The XRP Coin belongs to a variety of products that are all part of RippleLabs. Besides the XRP Coin, the products xRapid, xCurrent and xVia were also developed here. More about that later!

BitCoin, cryptocurrency & blockchain? What does it mean? Learn more about BitCoin, Cryptocurrency & Block Chain here.

So the difference between Ripple and many other cryptocurrencies is that XRP is not blockchain based. What does that mean now? Quite simply, unlike Bitcoin or Ether, we can no longer speak of a decentralized cryptocurrency here. The majority of the currency (in fact, a full 55%) are withheld from the developers Ripples and are held in escrow. This escrow ensures that the coin’s producers only have access to 1 billion coins a month. For comparison: In the last year, an average of around 300 million new XRP were put into circulation per month.

Here are all the facts and figures about Ripple (RXP):

• Cryptocurrency: Ripple (RXP)
• Inventors: Ryan Fugger, Chris Larsen, Jed McCaleb
• Developer: RippleLabs
• Publication: 2012
• Blockchain: No
• Mining: No

Intraday (current daily price during the course)

The current Ripple price over the course of the day.

Month: 30 days review on XRP

Here you can see the Ripple rate for the last 30 days.

Year in progress: 12 months

Here you can see the Ripple price for the last 12 months.

Total runtime

Here you can see the Ripple rate for the entire term.

Crypto Alternatives: Bitcoin, Ethereum and Litecoin

There are now over 4,500 cryptocurrencies. While that sounds like a large amount, only just under 100 of them reach a daily trading turnover of $1,000 or more. Other popular crypto alternatives to Ripple include Bitcoin, Ethereum and Litecoin! You can find out more about each cryptocurrency here.

Bitcoin (BTC): pioneer of cryptocurrencies

Bitcoin, or BTC for short, is now not only the best-known cryptocurrency in the world, but is also considered the first cryptocurrency ever. The first digital currency was invented by Satoshi Nakamoto. Who is behind it is still a mystery today. One thing is clear, however: Bitcoin has revolutionized the financial world forever.

• Bitcoin

Ethereum (ETH): Second generation cryptocurrency

Just like other cryptocurrencies, Ethereum is based on state-of-the-art blockchain technology. Ethereum itself is not a pure cryptocurrency, but can be used for blockchain projects of all kinds. As a decentralized ecosystem, Ethereum is therefore also often used as an open protocol for decentralized applications, such as smart contracts. Ethereum’s own cryptocurrency is called Ether – ETH for short.

• Ethereum

Litecoin (LTC): Fast hashing thanks to Skrypt

As a digital currency, you can use Litecoin to pay for services and goods. The cryptocurrency is also very popular as an investment and in currency trading. The special feature of Litecoin: The hash algorithm Scrypt allows an increased transaction speed – while the integrity of the blockchain is still guaranteed!

• Litecoin

Cryptocurrencies: List

BitCoin, BitCoin Cash, Ethereum, Litecoin, Dash, Ripple, Zcash or Binarcy Coin: they are considered the answer to traditional means of payment. The digitization and decentralization of money makes banks superfluous. Only buyers and sellers are responsible for the control and security of their digital money. You too want to invest in Bitcoin & Co? We have an overview of the most popular cryptocurrencies here.

• Cryptocurrencies: List