XRP
XRP is the native cryptocurrency of the Ripple network, designed to facilitate fast, low-cost cross-border payments and asset transfers for financial institutions globally. Utilizing its unique consensus mechanism (RPCA), XRP offers rapid transaction settlement and energy efficiency. Despite ongoing legal challenges, XRP remains a significant player exploring practical blockchain applications in the global payments landscape as a potential "new paradigm".
Wrapped XRP, a token pegged to XRP usable across various blockchain networks other than the XRP ledger, aims to enhance liquidity and interoperability within the decentralized finance ecosystem.
1/3/2024, 2:56:11 PM