- Ripple ranks among the top five most valuable blockchain-based tokens by market capitalization.
- Ripple is a blockchain-based digital payment network and protocol with its own cryptocurrency, XRP.
- Rather than use blockchain mining, Ripple uses a consensus mechanism, via a group of bank-owned servers, to confirm transactions.
- Ripple transactions use less energy than bitcoin, are confirmed in seconds, and cost very little, whereas bitcoin transactions use more energy, take longer to confirm, and include higher transaction costs.
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XRP KEY TAKEAWAYS
