$XRP XRP is the native cryptocurrency of the XRP Ledger, a decentralized blockchain created by Ripple Labs Inc. It is designed primarily for fast, low-cost cross-border payments.
---
đ Quick Facts about XRP:
Launch Year: 2012
Created by: Ripple Labs (founders include Jed McCaleb, Chris Larsen, and Arthur Britto)
Total Supply: 100 billion XRP (pre-mined)
Consensus Mechanism: Unique consensus protocol (not Proof-of-Work or Proof-of-Stake)
Transaction Speed: ~3-5 seconds
Average Fee: Less than $0.01
Use Case: Global payments, remittances, liquidity for financial institutions
