Published on July 10th, 2018 | by bitcoin0
Ripley Labs Inc. is clarified from its brand digital asset XRP
With a view to prevent further mistakes in usage of two notions, Ripple Labs Inc explained the difference between their brand and digital asset XRP.
Ripple Labs Inc explained the difference between these two notions with a view to prevent further mistakes.
For its product called xRapid it uses XRP (nevertheless, it doesn’t have any control over the digital asset) and the XRP Ledger that is the independent open source blockchain technology behind XRP.
Ripple Labs Inc owns 60 billion XRP and over 55 billion XRP are locked up in escrow.
The XRP digital currency is hosted on the XRP ledger that supports a decentralized exchange for transacting other assets and decentralized payments.