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XRP
XRP

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!!! Overview
[{$pagename}] is a [Cryptocurrency] that only exists within the [Ripple Transaction Protocol] network
There were 100 billion XRP created at Ripple's inception, __with no more allowed to be created__ according to the [Ripple Transaction Protocol] rules. As such, the system was designed so [{$pagename}] is a scarce asset with decreasing available supply.
[{$pagename}] is not dependent on any [Third-party] for redemption, [{$pagename}] is the only [currency] in the [Ripple Transaction Protocol] [network] that does not entail counterparty [risk], and it is the only native digital [asset|Resource]. The other currencies in the Ripple network are [debt] instruments (i.e. liabilities), and exist in the form of balances. Users of the [Ripple Transaction Protocol] network are not required to use [{$pagename}] as a store of value or a [Medium of exchange]. Each Ripple account is required, however, to have a small reserve of 20 XRP (US$6.58 as of May 16, [2017|Year 2017]). The purpose for this requirement is discussed in the anti-spam section.
!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop