$SOL
$SOL Ripple is the overarching name for the cryptocurrency platform, while XRP is the native digital asset that powers its transactions—similar to how Ethereum facilitates trades in Ether (ETH). Unlike traditional cryptocurrencies, Ripple operates on a distributed ledger network, where multiple parties validate transactions rather than relying on a single central authority. This system enhances speed, scalability, and cost efficiency, making XRP a preferred choice for cross-border payments and financial institutions.
