"JUST THE FACTS"
XRP
EPISODE ONE
XRP FUNDAMENTALS
Transaction* cost of 0.00001 XRP (currently 1/1000 of one penny, XRP would need to be worth 1k each for the transaction fees to begin to approach 0.01USD)
Transaction costs do not go to any entity, it is destroyed, making XRP a deflationary currency.
Transactions are said to take 6 seconds
*Transactions that businesses and banks perform can cost more
LEDGER SPECIFICS
Programming code is python.
Currently centralized with plans of removing 1 centralized node for every 2 new decentralized nodes that come online.
Can Handle 1,000 Transactions per second.
TEAM BEHIND PROJECT
Brad Garlinghouse
CEO
Marcus Treacher
Global Head of Strategic Accounts
Antoinette O’Gorman
Chief Compliance Officer
David Schwartz
Chief Cryptographer
Stefan Thomas
CTO
Brynly Llyr
General Counsel
Asheesh Birla
VP of Product
Ron Will
CFO
XRP'S OFFICIAL GOALS
55 total planned months of 55B XRP in 55 smart contracts being released at a rate of 1B per month. Any unsold XRP is automatically put back in escrow via smart contracts
Compete against SWIFT’s centralized ledger of nostro and vostro accounts with a decentralized ledger.
PARTNERS
Santander
SBI Group
Google Ventures
CME Venvtures
SeaGate
Digital Ventures
Core Innovation Capital
WHITE PAPER STANDOUTS (This is my opinion)
White papers relay who their audience is intended to be in their language and presentation, Ripple stands out as clearly speaking at financial institutions, while outlining the problems that exist in the financial market and how XRP relieves those problems. Their messaging shined through the whole white paper.
This is the First in a series of "Just the facts" cryptocurrency breakdowns!
Separating the facts from the speculation, hype, and falsehoods that permeate our crypto-communities