XRP Overview
XRP is a digital currency created by Ripple Labs Inc., primarily designed for fast and low-cost international money transfers. Unlike many other cryptocurrencies like Bitcoin or Ethereum, XRP doesn't rely on traditional mining; instead, it uses a consensus protocol through a network of validators to confirm transactions, which makes it both energy-efficient
Legal Note: XRP has faced legal challenges, particularly from the U.S. Securities and Exchange Commission (SEC), over whether it should be classified as a security. The case has impacted its price and adoption in some regions, though XRP remains one of the top cryptocurrencies by market cap.
Conclusion:
XRP continues to be a major player in the crypto world, especially in the financial technology sector. Its focus on practical use in the real-world financial system sets it apart from many purely speculative cryptocurrencies.