• Ripple is a blockchain-based digital payment network and protocol with its own XRP cryptocurrency.

  • Instead of using blockchain mining, Ripple uses a consensus mechanism through a group of servers owned by a bank to confirm transactions.
  • Ripple transactions consume less energy than bitcoin, are confirmed in seconds, and cost very little, while bitcoin transactions consume more energy, take longer to confirm, and involve higher transaction costs.
  • Ripple (XRP) is among the most valuable blockchain-based tokens by market cap.