XRP is a digital asset built for payments and the native asset of the XRP Ledger (XRPL), a decentralized, public blockchain. Today, XRP is one of the world’s leading cryptocurrencies, boasting a market capitalization of $121 billion (at the time of writing).
How XRP Works
Inspired by Bitcoin’s innovation but aware of its potential limitations concerning speed and scalability, the founders of the XRP Ledger began working on a decentralized, open-source blockchain and its accompanying native cryptocurrency. Their goal was to develop a peer-to-peer trust network that was fast, affordable and energy-efficient.
Only 100 million XRP tokens will ever be in existence, and today about 50% are in circulation. XRP can be bought and sold on most major cryptocurrency exchanges.
