$XRP Here's a brief overview of XRP:

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💠 XRP (Ripple) - At a Glance

Feature Details

Launched 2012

Created By Ripple Labs (founders: Chris Larsen & Jed McCaleb)

Purpose Fast, low-cost cross-border payments

Consensus Mechanism Ripple Protocol Consensus Algorithm (RPCA) — not PoW or PoS

Transaction Speed ~3-5 seconds

TPS (Transactions/sec) ~1,500 TPS

Supply Max: 100 billion XRP (pre-mined)

Use Case Bank and financial institution payments, remittances

Network XRP Ledger (XRPL)

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✅ Key Strengths:

Very fast and low fees

Environmentally friendly (no mining)

Used by banks and payment providers (e.g., RippleNet)

⚠️ Criticism & Controversies:

Centralization concerns (Ripple Labs holds a large amount of XRP)

SEC lawsuit (2020–2023) caused legal uncertainty in the U.S.

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📌 Summary:

XRP is built for enterprise-level international payments, offering high speed, low cost, and scalability — but with ongoing debates over decentralization and regulation.