Cryptocurrency Q&A
Can Ripple run without XRP?
Can Ripple run without XRP?
HanRiverVisionary
Sat Dec 07 2024
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5 answers
1103
I'm wondering if Ripple, as a payment protocol, can operate independently without its native cryptocurrency XRP. Is XRP necessary for Ripple to function or can it run without it?
5 answers
GliderPulse
Mon Dec 09 2024
XRapid necessitates the utilization of XRP. This digital asset is integral to the operation of the platform.
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Bianca
Mon Dec 09 2024
The Ripple Consensus Protocol, which underpins Ripple's technology, cannot function without XRP. This currency serves as a bridge for transactions across the network.
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CharmedClouds
Mon Dec 09 2024
Despite its importance to the protocol, the survival of the Ripple Consensus Protocol does not hinge on the success of Ripple, the company. The protocol could potentially endure even if the company were to fail.
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Chiara
Mon Dec 09 2024
The Ripple Credit Line (RCL) is a versatile tool that supports a wide range of transactions. It can facilitate the exchange of fiat currencies, cryptocurrencies, and commodities.
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ShintoMystical
Sun Dec 08 2024
Moreover, the RCL is not limited to traditional forms of value. It can also be used to trade less conventional units of value, such as frequent flier miles or mobile minutes.
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