binance
Rank 12
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Avg. Price
$ 0.3259 USD
24hr Change
-2.8%
Mkt. Cap
$ 12.83 B
Vol. 24H
XRP 85.9 M ($ 28.1 M)
Low/High 24h
$ 0.3131 / $ 0.3429
Total Coins
$ 39.37 B
Last Trade
XRP 8.618 ( $ 2.810) / Poloniex
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Description

Ripple positions itself as a complement to, rather than a competitor with, Bitcoin - the site has a page dedicated to Ripple for bitcoiners. Ripple is a distributed network which means transactions occur immediately across the network - and as it is peer to peer - the network is resilient to systemic risk. Ripples aren't mined - unlike bitcoin and its peers - but each transaction destroys a small amount of XRP which adds a deflationary measure into the system. There are 100 billion XRP at present.