Why Use Ripple for Crypto Casinos?
XRP is a cryptocurrency designed for fast and low-cost transfers. It runs on the XRP Ledger (XRPL), a decentralized network launched in 2012 by David Schwartz, Jed McCaleb and Arthur Britto.
While XRP is the correct name of the cryptocurrency, it’s often informally referred to as Ripple; and we do the same on this page.
Ripple Labs is a company that develops blockchain-based payment solutions. It uses the XRP Ledger, but the network itself operates independently.
How Does Ripple (XRP) Work?
Unlike most cryptocurrencies, Ripple (XRP) doesn’t rely on mining. Instead, the XRP Ledger uses the Ripple Protocol Consensus Algorithm (RPCA), where validators compare transaction records and agree on their validity.
This allows XRP transactions to settle in 3–5 seconds and handle around 1,500 transactions per second (TPS). Fees are extremely low, typically around 0.00001 XRP, and are burned rather than paid to validators to prevent network spam.
All XRP tokens were pre-mined at launch, with a fixed supply of 100 billion. Ripple Labs holds a large portion in escrow and releases up to 1 billion XRP per month to manage supply.