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What is XRP (XRP)?

XRP is a cryptocurrency and the native token used by Ripple. Like other cryptocurrencies in the marketplace, XRP has a currency code similar to Ethereum’s Ether (ETH) . In 2012, the team behind Ripple launched the XRP ledger, which included XRP, which would serve as the native token.

What is Ripple (XRP)?

Generally, Ripple is a networking company that released XRP as its native cryptocurrency. Since then, it has grown exponentially to be the third-largest digital currency in terms of market capitalization.

Who invented XRP?

In 2012 David Schwartz, Jed McCaleb, and Arthur Britto launched the XRP Ledger, with its native currency XRP. In September that year, along with Chris Larsen, they founded the company that is today known as Ripple. The XRPL architects gifted 80 billion XRP to Ripple so that the company could build use cases around the digital asset.

How does XRP blockchain work?

Notably, XRP’s blockchain operates a little differently than most other cryptos. Other cryptocurrencies open their transaction ledgers and verification processes to anyone who can solve complex equations quickly. But transactions are secure as the majority of ledger holders must agree with the verification for them to be added.