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Ripple is the native currency of the Ripple network.
Ripple, Ripple Labs, RXTP algorithm, XPR
Creator - Jed McCaleb
Date launched - September 2013
Algorithm - Consensus (Proof-of-Work)
Ripple is the native currency of the Ripple network. Based on the RXTP algorithm, it is designed as a protocol capable of seamlessly integrating with the internet. Each Ripple account must have a balance of at least 20 XPR to create ledger entries, and with each transaction processed, 0.00001 XPR is permanently destroyed.
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