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XRP

XRP (XRP)

layer-1

XRP is a digital asset designed for fast, low-cost international payments and cross-border remittances, created by Ripple Labs.

Consensus: Federated Byzantine Agreement (XRP Ledger Consensus)Launched: 2012Official Website

About XRP

XRP is the native cryptocurrency of the XRP Ledger (XRPL), an open-source, decentralized blockchain launched in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto. Originally associated with Ripple Labs, XRP was designed to facilitate fast, low-cost cross-border payments. The XRP Ledger uses a unique Federated Byzantine Agreement consensus mechanism through its Unique Node List (UNL), achieving 3-5 second settlement times with fees under $0.01. XRP does not use mining or staking — all 100 billion tokens were pre-mined at launch. Ripple Labs holds a significant portion in escrow, releasing up to 1 billion XRP monthly. After a prolonged SEC lawsuit (2020-2024), XRP gained regulatory clarity in the US, and the XRPL has expanded into DeFi, NFTs, and a native automated market maker (AMM).

Technical Specifications

1,500

TPS

3–5 seconds

Block Time

<$0.01

Gas Fees

Federated Byzantine Agreement (XRP Ledger Consensus)

Consensus

Use Cases

Cross-border payments and international remittances
Bridge currency for liquidity between different fiat currencies
On-chain trading via the built-in XRPL decentralized exchange
Institutional settlement through Ripple Payments (formerly ODL)

Pros

  • Extremely fast settlement (3–5 seconds) ideal for payments
  • Near-zero transaction fees (fraction of a cent)
  • One of the most battle-tested blockchains with 10+ years of operation
  • Growing institutional adoption for cross-border payment solutions
  • Built-in decentralized exchange (DEX) and AMM on the XRPL

Cons

  • Not stakable — no passive income opportunity for holders
  • Ripple Labs holds a large portion of XRP supply in escrow, creating centralization concerns
  • Faced prolonged SEC lawsuit creating regulatory uncertainty (now resolved)
  • Limited smart contract capabilities compared to Ethereum and Solana

Where to Buy

BinanceKrakenBybitOKXKuCoinCrypto.comBitfinexGate.io

Frequently Asked Questions

This content is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk.

Quick Info

Symbol
XRP
Category
layer-1
Launched
2012
Smart Contracts
Yes
EVM Compatible
No

Last updated: 2026-04-01