What is Ripple?

"Ripple provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets."

- Ripple.com
...
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General

TICKER SYMBOLS
XRP
AGE
7 years old (February 02, 2013)
CURRENT PRICE
$0.266004
Updated 50 seconds ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$3.77
2 years ago
CIRCULATING SUPPLY
43,298,481,757 coins
Updated 4 minutes ago via ripple.com
MARKET CAP
$11,517,578,936
Updated 2 minutes ago
CO-FOUNDER
Chris Larsen
CO-FOUNDER
Jed McCaleb

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (100,000,000,000 coins)
PRE-MINED / RESERVED
Yes (20,000,000,000 coins)
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
No
AVERAGE CONFIRMATION TIME
4s
HASHING ALGORITHM
SHA-512
1
ripple (XRP)
0.000001
drop

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