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What exactly is XRP?

Ripple (XRP) positions itself as a complement to, rather than a competitor with, Bitcoin – the site has a page dedicated to Ripple for bitcoiners. Ripple is a distributed network which means transactions occur immediately across the network – and as it is peer to peer – the network is resilient to systemic risk. Ripples aren’t mined – unlike bitcoin and its peers – but each transaction destroys a small amount of XRP which adds a deflationary measure into the system. There are 100 billion XRP at present.
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The Fall of the Altcoins: ETH Down 8%, XRP 11%

Polkadot, XRP, Solana, Chainlink, Bitcoin Cash, Theta, Ethereum, SHIB, Dogecoin—this is the list of today’s casualties after the global market capitalization of cryptocurrencies lost $80