XRP XRP to XMax XMX Exchange

Crypto Pair Details: XRP to XMX

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.

XMax XMX

XMax is an all-in-one development ecosystem which makes it easier for entertainment industry developers to create DAPPs. We believe in the future of blockchain technology and know that by providing developers with a set of easy to use tools and the knowledge to use them we can share blockchain applications with a global user base. XMax is a blockchain and developer ecosystem for building decentralized games and entertainment DAPPs. Our blockchain supports game developers with a high TPS mainchain and integrated sidechains for transaction-intensive DAPPs. XMax Includes: Game & Entertainment DAPP SDK, APIs, Smart Contract and DAPP Templates, 3D Game Engine, Developer Docs & Education. With XMax developers can program complex DAPPs (Blockchain APPs) using WebX.js, a JavaScript type language which our team created to simplify blockchain programming. With WebX.js developers can focus more on creating great applications and less on blockchain infrastructure. Once a DAPP has been created, users will be able to easily download it from the XMX APP Store. We make this experience as simple as opening your phone. XMax is a decentralized ecosystem which allows DAPP developers to involve users in the design process and via Asset Tokens crowdfund the development of their projects. We believe the future of blockchain technology belongs to developers and users.

SOURCE: COINGECKO

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