XRP

Ripple is a fintech company offering a global payment solution through its Ripple Network, built atop the XRP Ledger (XRPL). Unlike traditional cryptocurrencies, Ripple aims to connect banks, payment providers, and digital asset exchanges for real-time settlements and reduced transaction fees. XRPL, an open-source distributed ledger created by Ripple, facilitates transactions with its native cryptocurrency, XRP. Unlike Bitcoin's proof-of-work mining, XRPL employs the Ripple Protocol Consensus Algorithm, where transactions are validated by a network of trusted nodes. These nodes, forming the Unique Node List (UNL), ensure consensus on transactions without the need for mining.

Ripple's innovation lies in its ability to streamline cross-border payments and provide efficient financial infrastructure for institutions, marking its best use as a bridge between traditional finance and the world of cryptocurrencies.