Ripple

Ripple is a cryptocurrency backed by a company by the name of Ripple, which is a system of Real-Time Gross Settlements (RTGS). It is denoted by the symbol XRP. It uses the Ripple Protocol Consensus Algorithm (RPCA), which is applied every few seconds by all the nodes in the network to maintain the agreement of the network. The organization backing Ripple plans to create no more than 100 billion ripples. As per the plan, half of those will be released for circulation, and the other half will be retained by the company.