What is Ripple $XRP and how it works?
Ripple is a blockchain-based digital payment network and protocol with its own cryptocurrency, XRP. Rather than using blockchain mining, Ripple confirms transactions using a consensus mechanism via a group of bank-owned servers.
how it works?
The Ripple network does not use a proof-of-work (PoW) or a proof-of-stake (PoS) mechanism.
Instead, it employs a distributed consensus mechanism via a group of bank-owned servers to confirm network transactions and account balances.
According to Coinmarketcap the live XRP price today 26 january 2022 is $0.631377 USD with a 24-hour trading volume of $1,798,579,730 USD.
Companies and developer projects around the world that leverage the XRP Ledger to solve interesting problems across a variety of industries.
Payment Processing. Wallets and Apps.
Web Monetization. On-Demand Liquidity
Asset Custody Online Gaming