Ripple CEO on Crypto News, Future of XRP

Ripple CEO on Crypto News, Future of XRP thumbnail

Jeff Brown The Near Future Report

XRP is a little different than most cryptocurrencies. It is based on RippleNet which is a network of financial institutions that uses Ripple’s API technology and blockchain to settle and clear transactions. RippleNet’s native cryptocurrency is XRP. It facilitates payments on Ripple’s decentralized public blockchain (XRP Ledger).

XRP, a centralized cryptocurrency, uses a Federated Consensus protocol for transactions to be validated. This makes RippleNet, XRP Ledger and Bitcoin faster in processing transactions.

Ripple refers to XRP as “Utility in the new global economic” on its website. It was created to be fast and sustainable, and “the most practical cryptocurrency to use across the financial services sector .”
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