Basic Facts About XRP Coin$XRP
What Is XRP?
XRP is the native digital asset of the XRP Ledger (XRPL), a decentralized, open-source blockchain designed for fast and efficient value transfer.
Created by Ripple Labs, XRP is optimized for payments and cross-border transactions, aiming to provide a quick, low-cost alternative to traditional banking systems.
Key Features
Speed: Transactions settle in 3–5 seconds, making it one of the fastest digital assets for payments.
Low Fees: Transaction costs are typically fractions of a cent, enabling cost-effective transfers and micropayments.
Scalability: The XRP Ledger can handle around 1,500 transactions per second, with the potential for more using payment channels.
Energy Efficiency: XRP does not use mining; instead, it relies on a federated consensus protocol, making it more environmentally friendly than proof-of-work coins like Bitcoin.