Ripple-XRP

$0.16
$-0.011578 -6.59%
$0.17
24H High
$0.16
24H Low
$135088.25M
24H Vol

Base Info

  • Max Supply
    100000000000 XRP
  • Total Supply
    99991098384 XRP
  • Circulating Supply
    43685558183 XRP
  • MarketCap
    $717289.56M

Ripple-XRP Introduction

XRP is the native currency of the Ripple network that only exists within the Ripple system. XRP are currently divisible to 6 decimal places, and the smallest unit is called a drop with 1 million drops equaling 1 XRP. There were 100 billion XRP created at Ripple's inception, with no more allowed to be created according to the protocol's rules. As such, the system was designed so XRP is a scarce asset with decreasing available supply. Not dependent on any third party for redemption, XRP is the only currency in the Ripple network that does not entail counterparty risk, and it is the only native digital asset. The other currencies in the Ripple network are debt instruments (i.e. liabilities) and exist in the form of balances. Users of the Ripple network are not required to use XRP 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). The purpose of this requirement is discussed in the anti-spam section.