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.