Question 1

What is XRP?

Accepted Answer

XRP is a digital asset and cryptocurrency native to the XRP Ledger, an open-source blockchain launched in June 2012. It was designed for fast, low-cost cross-border payments, settling transactions in 3–5 seconds with fees under $0.01.

Question 2

Is XRP the same as Ripple?

Accepted Answer

No. Ripple is a private fintech company that builds payment solutions. XRP is an independent digital asset on the open-source XRP Ledger.

Question 3

Is XRP a security?

Accepted Answer

In July 2023, Judge Analisa Torres ruled that XRP sold on public exchanges to retail investors is not a security.

Question 4

How fast are XRP transactions?

Accepted Answer

XRP transactions settle in 3–5 seconds on the XRP Ledger, which can handle approximately 1,500 transactions per second.

Question 5

How many XRP exist?

Accepted Answer

100 billion XRP were created at genesis. No more can ever be minted. Approximately 60 billion are in circulation, ~33.9 billion are in Ripple's escrow.

Question 6

What is XRP escrow?

Accepted Answer

Ripple placed 55 billion XRP into cryptographically enforced escrow contracts in 2017. Up to 1 billion unlocks monthly, but 60-80% is typically re-escrowed immediately.

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