#AltcoinSeasonLoading
XRP: The Digital Asset Aiming to Revolutionize Cross-Border Payments
XRP is a digital asset and cryptocurrency developed by Ripple Labs Inc., designed primarily to facilitate fast and cost-efficient cross-border transactions. Launched in 2012, XRP differs from many other cryptocurrencies in both purpose and architecture, aiming not to replace traditional financial systems but to enhance them.
Ripple created the XRP Ledger (XRPL), an open-source, decentralized blockchain that supports the XRP token. Unlike Bitcoin and Ethereum, which rely on energy-intensive proof-of-work or slower proof-of-stake consensus models, XRP uses a unique consensus protocol that allows for lightning-fast transaction confirmations—typically in under five seconds—with very low fees
