The primary function of Ripple is that of a complement to Bitcoin. It operates as a distributed peer-to-peer network with the immediate execution of transactions and zero systemic risk. With Ripple, payments are settled within 4 seconds and it can handle as many as 50,000 transactions per second. Unlike Bitcoins, Ripples are not mined.
There are 100 billion Ripples in total and every time a transaction is executed, the Ripples used for the transaction are destroyed, thus lowering the total number of Ripples in existence. Just like Bitcoin and Ethereum, Ripple has hit an all-time high in 2017, rising by more than 1000% and reaching the price of $0.33 after falling to less than $0.029 less than a month prior to the unprecedented rise.
Ripple Exchange Rates
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