Question 1

What is Ripple (XRP)?

Accepted Answer

XRP (Ripple) is the native cryptocurrency of a blockchain-based global payment settlement system Ripple. The main goal of Ripple is to enable banks and payment providers to send value internationally quickly and cheaply.

Question 2

How does XRP work?

Accepted Answer

Ripple was created in 2012 by a fintech company called Ripple Labs. XRP (Ripple) currently ranks among the top 10 most valuable blockchain-based tokens by market capitalization.

Question 3

What Is the Ripple Payment System?

Accepted Answer

XRP is deployed on XRP Ledger (XRPL) — an open-source public layer-1 blockchain, led by a global developer community.&nbsp; XRPL uses a unique consensus mechanism, the XRP Ledger Consensus Protocol, in which a number of designated servers called validators come to an agreement on the order and outcome of transactions through a voting process.

Question 4

What Is the Market Cap of XRP?

Accepted Answer

XRP Ledger was created with the goal to enable tokenized value to be exchanged internationally as quickly as information. Thanks to its unique architecture, XRP Ledger is currently capable of supporting around 1500 transactions per second with transaction speeds of 3 to 5 seconds.

Question 5

What is XRP’s Circulating&nbsp; Supply?

Accepted Answer

Ripple is a blockchain-based digital payment network that features its own cryptocurrency XRP.

Question 6

How to Mine XRP?

Accepted Answer

XRP currently has a market capitalization of HK$1,046,982,293,809.00

Question 7

How to Buy XRP?&nbsp;

Accepted Answer

The current circulating supply of XRP is $59,005,546,715.00

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