XRP

XRP is a digital currency and a key player in the world of cryptocurrencies. Created by Ripple Labs, XRP serves as both a decentralized digital currency and a facilitator for fast, low-cost cross-border transactions. Unlike popular cryptocurrencies like Bitcoin and Ethereum, XRP operates on a unique consensus algorithm known as the Ripple Protocol Consensus Algorithm (RPCA), which doesn’t rely on the energy-intensive mining process. Instead, a network of independent validators reaches consensus on the state of the ledger.

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