XRP!

XRP is a cryptocurrency developed by Ripple Labs Inc., primarily designed for use in the global financial system. Here's a quick overview:

Key Facts about XRP:

Purpose: Facilitates fast, low-cost international money transfers.

Speed: Transactions settle in 3–5 seconds, much faster than Bitcoin or Ethereum.

Scalability: Can handle around 1,500 transactions per second (TPS).

Consensus Protocol: Uses a unique consensus algorithm (not proof-of-work or proof-of-stake) called the Ripple Protocol Consensus Algorithm (RPCA).

Use Case: Primarily used by financial institutions as a bridge currency for cross-border payments.

XRP vs Ripple:

XRP is the native token.

Ripple Labs is the company that created XRP and builds products like RippleNet.