🔹 What is XRP?
• A cryptocurrency by Ripple Labs for fast, low-cost international payments.
• Runs on the XRP Ledger (not mined; uses a consensus algorithm, not proof-of-work).
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💡 Key Features:
• Speed: ~3-5 second transactions.
• Cost: Very low fees.
• Scalability: ~1,500 TPS.
• Use Case: Cross-border payments & liquidity bridge for banks.
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⚖️ Legal Status:
• Faced an SEC lawsuit claiming it was a security.
• In 2023, court ruled XRP is not a security in public sales (partial win for Ripple).
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✅ Pros:
• Fast, cheap, energy-efficient.
• Used by real financial institutions.
❌ Cons:
• Centralization concerns (Ripple holds a lot).
• Legal/regulatory risk.
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🔮 Outlook:
• More adoption likely if legal clarity holds.
• Competes with stablecoins & CBDCs.
