XRP positions itself as one of the most liquid currencies which is fast (settles in 3-5 seconds), scalable (can handle 1,500 transactions per second), decentralized (140+ validators), stable (7-year track record) and with a negligible energy consumption (due to the consensus protocol vs proof-of-work). XRP is a distributed network which means transactions occur immediately across the network - and as it is peer to peer - the network is resilient to systemic risk. XRPs aren't mined - unlike bitcoin and its peers - but each transaction destroys a small amount of XRP which adds a deflationary measure into the system.
XRP Ledger Consensus Protocol- The XRP Ledger (XRPL) does not employ a proof-of-work (PoW) algorithm, as seen with Bitcoin’s blockchain, or a proof-of-stake (PoS) algorithm, as with the Ethereum 2.0 blockchain. Instead, the XRP Ledger relies on a setup called the XRP Ledger Consensus Protocol to validate account balances and perform transactions. The consensus works to improve the integrity of the system by preventing double-spending.
Blockchain data provided by: Blockchair (Block/Ledgers Number only), Ripple Data API (Total Supply only)Telegram | Facebook | LinkedIn