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What is XRP?

  • XRP is a digital asset which is the native token to the XRP Ledger (XRPL), just as Bitcoin is the native token to the Bitcoin Blockchain
  • XRP was created in 2012 by David Schwartz, Jed McCaleb and Arthur Britto
  • 100 billion XRP were created at inception. Despite common misinformation, it is not possible to create more - this and other topics are covered in the FUDBINGO link on the More In-Depth page
  • XRP was initially created to try and improve on the inefficiencies around Bitcoin - namely energy consumption and transaction time. As you will see, the outcome was a success...

What Makes XRP Special?

As per the images below, when XRP is compared to other digital assets such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC) etc. it is clear the key benefits it has to offer. An XRP transaction completes in 4 seconds at almost zero cost whilst the XRPL has the ability to scale to 50,000 transactions per second. This year there has also been the awareness of just how much energy Proof of Work (PoW) blockchains consume in order to validate transactions. XRP transactions are validated by a consensus algorithm and therefore does not require PoW. As such, the energy consumption is a fraction of what is required for other digital assets.


These characteristics are what sets this digital asset aside from many others and makes it a front runner in looking to improve on the current inefficiencies of the global payments system

What is Ripple?

  • Another common misconception is that XRP and Ripple are one and the same....
  • XRP is an open sourced decentralised digital asset which anyone can look to utilise and build upon...
  • Ripple is a FinTech company based in San Fransisco which creates and offer payments software to Financial Institutions...
  • Ripple utilises XRP within certain products with the aim to improve on current cross-border payments inefficiencies
  • If Ripple disappeared tomorrow, XRP would still exist and vice-versa