Brad Garlinghouse: Ripple CEO Explains $80 XRP Price Prediction (MUST WATCH)! SEC case will finish
Ripple CEO Brad Garlinghouse discusses the fallout from FTX's collapse and the implications of its legal fight with the Securities and Exchange Commission for the cryptocurrency industry.
XRP Price Live Data The live XRP price today is $0,406417 USD with a 24-hour trading volume of $675 751 413 USD. We update our XRP to USD price in real-time. XRP is down 0,67% in the last 24 hours. The current CoinMarketCap ranking is #6, with a live market cap of $20 644 731 822 USD. It has a circulating supply of 50 796 877 639 XRP coins and a max. supply of 100 000 000 000 XRP coins.
If you would like to know where to buy XRP at the current rate, the top cryptocurrency exchanges for trading in XRP stock are currently Binance, Bybit, Deepcoin, OKX, and Bitrue. You can find others listed on our crypto exchanges page.
What Is XRP / XRP Ledger? Launched in 2021, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.
Who Are the Founders of the XRP Ledger? In 2012, David Schwartz, Jed McCaleb and Arthur Britto launched the XRP Ledger with its native currency XRP as a faster, more energy-efficient alternative to the Bitcoin blockchain. In September that year, along with Chris Larsen, they founded the company that is today known as Ripple.
What Makes XRPL Unique? The XRP Ledger presents a wide variety of applications and use cases related to payments including micropayments, DeFi, and, soon, NFTs. Deployed in 2012, the XRPL supports enterprises and Python, Java and JavaScript developers with powerful utility and flexibility. On the XRP website, developers can access different tutorials to help them get started using different coding languages, building apps, managing accounts and more.
Alongside its native coin, XRP, the XRP Ledger is used by developers to create solutions that solve inefficiencies, including remittance and asset tokenization. Currently, the five main applications of the XRP Ledger are payments, tokenization, DeFi, CBDCs and stablecoins.
How Many XRP Coins Are There in Circulation? The XRP Ledger architects gifted 80 billion XRP to Ripple so that the company could build use cases — including its global payments network, RippleNet — around the digital asset.
How Is the XRP Ledger Network Secured? Unlike Bitcoin or Ethereum, the XRPL uses a unique Federated Consensus mechanism as its method of validating transactions. Transactions are confirmed on the XRPL through a consensus protocol, in which designated independent servers called validators come to an agreement on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed right away. All transactions are public and transparent, and anyone can operate a validator. There are currently over 150 validators on the ledger, operated by universities, exchanges, businesses, and individuals around the world.
Through the Federated Consensus mechanism, all verified transactions can be processed without a single point of failure as no single participant makes a decision independently.
