#XRP The History of Cryptocurrency #XRP (Ripple):
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Beginnings (2012)
#XRP was created by Ripple Labs (originally OpenCoin), founded by Chris Larsen and Jed McCaleb.
The goal of Ripple was to create a fast, cheap, and energy-efficient payment system for banks and financial institutions.
XRP Ledger (XRPL) is a decentralized ledger based on consensus rather than a classical proof-of-work mechanism.
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Rise in Popularity (2013–2017)
Ripple began collaborating with financial institutions (e.g., Santander, American Express).
In 2017, XRP gained value during the overall boom in the cryptocurrency market.
In January 2018, XRP reached its ATH (All-Time High) of around $3.84.
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SEC Lawsuit (2020–2023)
In December 2020, the SEC (U.S. Securities and Exchange Commission) sued Ripple Labs for the alleged sale of unregistered securities (XRP).
This caused a sharp decline in the price of XRP and the removal of the token from some exchanges (including temporarily from Coinbase).
In 2023, a federal judge ruled that XRP as an asset is not a security, which was a significant victory for Ripple and the cryptocurrency market.
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Further Development (2024–2025)
Ripple focused on developing international payment infrastructure.
XRP has been integrated with various fintech platforms and CBDC (central bank digital currency) projects.
Ripple is developing the XRPL ecosystem (e.g., asset tokenization, DeFi, NFT).
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Characteristics of XRP
Transaction time: ~3–5 seconds
Fees: very low (~0.0001 XRP)
Scalability: >1500 transactions per second
Maximum supply: 100 billion XRP (most controlled by Ripple)
