Perlin PERL to XRP XRP Exchange

Crypto Pair Details: PERL to XRP

Perlin PERL

A high-throughput, DAG-based protocol capable of powering any application. Wavelet | Wasm smart contracts powered by a high-speed ledger. We utilise our unique Wavelet probabilistic DAG-protocol mechanism to facilitate over 31k+ transactions per second and 0-4 second time to finality. What is Wavelet? Wavelet is Perlin’s directed acyclic graph (DAG) based protocol. It is a base-layer ledger which means anyone can build any type of application. It is designed to be the fastest, most secure, and most scalable distributed ledger solution in existence today. Wavelet is underpinned by a new and leaderless proof-of-stake consensus model (LPOS). One of our first use cases for Wavelet is international trade and commerce. Wavelet is well suited for increasing efficiency and transparency for complex processes (that have many inputs and output) such as supply chains and international commerce. While our first commercial focus is bringing Wavelet to the international trade and commerce arena, it is a very flexible protocol and can facilitate a myriad of use cases. Building on Wavelet is designed to be super easy, and we encourage experimentation. If we identify promising real-world applications built on Wavelet, the Perlin team will provide grants and support to facilitate commercial success. Get started here: https://www.perlin.net/

XRP XRP

Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time. Ripple was originally founded by a single company, Ripple Labs, and continues to be backed by it, rather than the larger network of developers that continue bitcoin’s development. It also doesn’t have a fluctuating amount of its currency in existence. Where bitcoin has a continually growing pool with an eventual maximum, and Ethereum theoretically has no limit, Ripple was created with all of its 100 billion XRP tokens right out of the gate. That number is maintained with no mining and most of the tokens are owned and held by Ripple Labs itself — around 60 billion at the latest count. Even at the recently reduced value of around half a dollar per XRP, that means Ripple Labs is currently sitting on around $20 billion worth of the cryptocurrency (note: Ripple’s price crashed hard recently, and may be worth far less than $60 billion by time you read this). It holds 55 billion XRP in an escrow account, which allows it to sell up to a billion per month if it so chooses in order to fund new projects and acquisitions. Selling such an amount would likely have a drastic effect on the cryptocurrency’s value, and isn’t something Ripple Labs plans to do anytime soon. In actuality, Ripple Labs is looking to leverage the technology behind XRP to allow for faster banking transactions around the world. While Bitcoin and other cryptocurrencies are built on the idea of separating financial transactions from the financial organizations of traditional currencies, Ripple is almost the opposite in every sense. XRP by Ripple price can be found on this page alongside the market capitalization and additional stats.

SOURCE: COINGECKO

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