The
coin itself is called XRP ... pronounced "ex-ar-pi". Ripple Labs is the name of the company that created the coin.
Some uneducated people call XRP centralised because when XRP was first created, it was all owned by the company Ripple Labs. However those people are stack on the past and don't realise that today XRP might be more decentralised than Bitcoin... I don't say it is, just that we don't know, we CAN'T know who owns which address or how many addresses they own.
At least in XRP's case we know how many coins are in the developer's control (
https://ripple.com/xrp/market-performance),
As of February 24th, 2019,
- TOTAL XRP HELD BY RIPPLE 6,459,541,915
- TOTAL XRP DISTRIBUTED 41,432,141,931
- TOTAL XRP PLACED IN ESCROW 52,100,000,013
Total XRP: 99,991,683,859Since Ripple isn't keeping a history of the above data, I save them in my personal notes. 1 year ago the data looked like that,
As of February 25th, 2018,
- TOTAL XRP HELD BY RIPPLE 7,000,563,553
- TOTAL XRP DISTRIBUTED 39,091,956,706
- TOTAL XRP PLACED IN ESCROW 53,900,000,024
Total XRP: 99,992,520,283So within 1 year, Ripple spent/distributed/sold a total of 541 million XRP.
A total of 2340 million XRP have entered the market from which 1800 million have come from the escrow.
The inflation can be calculated to 4.34%
(total coins held by Ripple+Market). For comparison, Bitcoin has an inflation of 3.74%.
I still don't understand and agree how Ripple is considered crypto. Please try to tell me otherwise
I still dont understand how easy people can be manipulated by some dorks on butthurttalk in 2013 paying others 5 BTC to say "Ryppel is a scam"
The people today only Repeat the sentence without getting paid. It got so present in their heads without knowing why they even say this!
Xrp is best crypto
I would gladly get this 5 BTC to say "Ryppel is a scam" and then use them to buy XRP!