XRP, the digital currency from Ripple Labs, is distinct from cryptocurrencies like Bitcoin and Ethereum as it cannot be mined. Created in 2012, XRP was entirely pre-mined with a total supply of 100 billion tokens. This approach was chosen to enhance efficiency in cross-border payments and enterprise applications, avoiding the energy-intensive processes of mining.
The XRP Ledger employs a consensus protocol for transaction validation, enabling fast and low-cost transactions. XRP is released into the market through controlled mechanisms, ensuring stability and supporting its adoption. This pre-mined model underscores XRP's focus on stability, scalability, and environmental efficiency, making it an attractive option for enterprise use.
XRP's Pre-Mined Model Ensures Efficiency and Stability
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