AdvancedBeginner9 min
What is Ripple? XRP Explained with Animations
By Whiteboard Crypto
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Video by Whiteboard Crypto · All rights reserved to original creator.
Summary
Whiteboard Crypto explains XRP: how the XRP Ledger enables fast cross-border settlements, Ripple's On-Demand Liquidity product, the difference between XRP and the Ripple company, and the context of Ripple's legal battle with the US SEC.
Key Concepts
XRPRippleXRPLCross-border paymentsODLFederated consensus
Things To Remember
- XRP is the token; Ripple Labs is the company — they are related but distinct.
- XRP transactions settle in 3-5 seconds with minimal fees.
- Ripple holds a large portion of the total XRP supply in escrow.
- XRP faced a major SEC lawsuit regarding its securities status.
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Attribution: This video was created by Whiteboard Crypto. All rights belong to the original creator. Crypto Education does not claim ownership of this content.