🌍 What is Ripple and token $XRP ?
Ripple Labs is a technology company that developed the RippleNet network, aimed at financial institutions.
The token $XRP is used as a "bridge currency" to facilitate international transfers, converting currencies quickly and with minimal fees.
Example: A bank can exchange reais for XRP, send XRP to another country in seconds, and that XRP can be converted into yen, for example.
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⚙️ Technical Features of #xrp
Item Value / Status
Blockchain XRP Ledger (XRPL) — proprietary and independent
Transaction time ~3 to 5 seconds
Average fee < 0.01 USD (very low)
Transaction capacity About 1,500 TPS (transactions per second)
Consensus Unique consensus algorithm, no mining
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⚖️ Legal case with the SEC (USA)
Since December 2020, Ripple has been facing a lawsuit from the SEC (U.S. Securities and Exchange Commission), which alleges that XRP was sold as an unregistered security.
In July 2023, the American court decided that XRP is not a security when sold on the open market, which was seen as a partial victory for Ripple.
The case is not fully over yet, but the token has regained some of its value and has been relisted on major exchanges in the USA.
