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It does not need XRP to function. RippleNet is a blockchain geared toward banking institutions that can be used to settle transactions like remittance payments, in addition to exchanging currencies.
The Ripple company is technically independent of the XRP cryptocurrency, but that independence is not absolute -- and many investors still use Ripple as a catch-all name for XRP, RippleNet, and ...
An even more fundamental issue is this: XRP doesn't need to be adopted for banks to use RippleNet. Although some specific functions require XRP to be used, the majority of RippleNet's features can ...
The XRP Ledger peer-to-peer overlay network is characterized by a small-world network topology, featuring a tightly clustered structure and short paths between nodes. [12] Information systems expert Mary Lacity notes that this platform "uses much less electricity than Bitcoin—about as much electricity as it costs to run an email server".
The defendants agreed to turn over all data involving XRP transactions. [30] In July 2023, the district court ruled on the SEC lawsuit, finding that the XRP token sold by Ripple Labs was not a security. However, if sold in institutional sales, or used as a fundraiser, such actions could be classified as a security in those circumstances.
RippleNet charges 0.00001 XRP per transaction today, even for very large money transfers. That works out to about 50 millionths of a dollar per transfer, or 5 thousandths of a cent. Each ...
XRP is skyrocketing, but is this the right time to buy? Here's what you need to know about this useful cryptocurrency.
RippleNet is faster and cheaper than SWIFT, the industry standard. Proponents believe that as adoption increases, so will the value of XRP as banks have to buy it in order to transact.