Cryptocurrency Q&A
What does XRP use?
What does XRP use?
CryptoChampion
Thu Nov 21 2024
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7 answers
1332
XRP is a digital asset used primarily for facilitating cross-border payments through the RippleNet network, connecting global financial institutions and payment providers. It also serves as a liquidity provider on exchanges and platforms, helps stabilize other cryptocurrencies, and has applications in securitization and decentralized finance.
7 answers
Dario
Fri Nov 22 2024
The total supply of XRP tokens is capped at 100 billion, ensuring a finite amount in circulation.
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Caterina
Fri Nov 22 2024
XRP functions on its unique decentralized and open-source blockchain, known as the XRP Ledger (XRPL).
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BitcoinBaronGuard
Fri Nov 22 2024
The distribution of these tokens was strategically planned and executed.
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DigitalLordGuard
Fri Nov 22 2024
Specifically, 80 billion XRP tokens were specifically allocated to Ripple, the company behind the cryptocurrency.
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Stefano
Fri Nov 22 2024
This blockchain technology serves as the backbone for the operations and transactions of XRP.
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