Ripple vs Reality: XRP Report Debunks Misconceptions

Crypto asset manager 21Shares has published a report that claims XRP is one of the most misunderstood cryptocurrencies on the market.

The company argues that the widespread perception regarding Ripple's control over the XRP Ledger (XRPL) does not reflect reality.

XRP, launched in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto, is the native asset of the XRPL. Its primary goal is to enable fast, low-cost, and reliable value transfer, according to the report.

The XRP Ledger processes approximately 1.7 million transactions per day and uses a consensus mechanism based on independent validators' agreements, rather than energy-intensive mining like Bitcoin.