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Ripple (XRP)
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WHAT IS RIPPLE?

Ripple is a real time settlement system created by Ripple Labs Inc. The native token to the protocol is called the XRP. The Ripple protocol is often seen as the more centralized, bank oriented distributed ledger protocol. The Ripple protocol is a shared public database with a ledger that tracks the accounts and their associated balances. Ripple has been used by UBS, UniCredit, Santander, and is increasingly being adopted by various banks and payment networks for it settlement infrastructure technology.

LIVE PRICE STATS
Current price
Market Cap
Change (24h)
Volume (24h)
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Key Features

Extremely scalable protocol with projected limits like that of Visa

100 Billion Pre-Mined tokens with less than half in circulation

One of the most capable large scale Fiat/Cryptocurrency solutions

Average settlement time of just 3-4 seconds

Network supported primarily by Centralized Institutions.

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TECHNOLOGY

Unlike many “blockchain” crypto currencies the Ripple protocol uses a different consensus mechanism which means that occurs when transactions are then checked against the network at that time. Global consensus for a transaction normally only takes a few seconds with only minimal fee’s. The minimum fee is 0.00001 XRP which is not collected but destroyed.

MONFEX STATS
Avaliable leverage
up to 50x
Financing rate long
-0.068%
Financing rate short
-0.068%
Commission to trade
0.11%