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 the XRP Ledger?

In 2011, McCaleb, David Schwartz, and Arthur Britto started developing the XRP ledger as a recourse to the inherent limitations of Bitcoin. In 2012, when the XRP ledger was launched, it incorporated the native token XRP to aid its function.

What is Ripple XRP coin?

Ripple is the technology company offering the infrastructure to facilitate these faster payments. The company describes the XRP coin it produces as an “iindependent digital asset”. Ripple says that the coin is used within its suite of products, but that it does not have control over the technology.

What is the difference between XRP and Bitcoin?

Although the entire batch of of XRP was generated at the time of its launch and no more will be generated, bitcoin’s much more limited supply makes that coin more scarce. That’s one reason bitcoin is worth $18,812.82 per coin, as of Sept. 25, compared to $0.4937 for XRP. XRP is also a centralized cryptocurrency, while bitcoin is decentralized.